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Rusal Trails Alcoa With Owner’s $12.8 Billion Snub to Investors
Feb. 16, 2011 04:43PM PST
Market NewsBloomberg reports United Co. Rusal (ETR:R6L1) is trailing Alcoa Inc. and all other peers as billionaire founder Oleg Deripaska snubs shareholders’ pleas to end a two-year battle for control of OAO GMK Norilsk Nickel.
Bloomberg reports United Co. Rusal (ETR:R6L1) is trailing Alcoa Inc. and all other peers as billionaire founder Oleg Deripaska snubs shareholders’ pleas to end a two-year battle for control of OAO GMK Norilsk Nickel.
The market news is quoted as saying:
Rusal said in an e-mailed statement on Feb. 11 that its board would consider the latest offer received from Norilsk. Maria Uvarova, a Norilsk spokeswoman, and Vera Kurochkina, a spokeswoman for Rusal, declined to comment further.
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