The potential for a bidding war for Alcoa may heat up the shares as we follow a report from the Times of London that diversified miners BHP Billiton (BHP) and Rio Tinto (RTP) are interested in Alcoa and each are said to be considering offering to acquire the aluminum producer for $40 billion or around $45 per share takeover bid!
Tape Action:
Another 50,000 block trade at $35.00
Another 125,000 block trade at $35.09
