8 result(s) displayed (1 - 8 of 8):

Rio Tinto shows poise amid 65% profit plunge (from Corporate Dealmaker)

Anglo-Australian mining giant Rio Tinto plc (NYSE:RTP) reported first-half net earnings of $2.5 billion, 65% below first-half 2008 -- a result of metal and mineral prices diving with the economy and companies letting their inventories shrink.But asset sales, 16,000 job cuts, a $15.2 billion rights issue, a joint venture...

Posted on August 20, 2009 9:14 AM

Bemis, Ball and their packaging purchases (from Corporate Dealmaker)

Questions of who is the best owner for a given business lie at the heart of M&A. Luckily for dealmakers, the answers change all the time.Lately we've seen this timeless story play out in food packaging. A couple of recent megadeals in two different sectors have led to divestitures of...

Posted on July 8, 2009 1:01 PM

Rio Tinto selling packages to Amcor? (from Corporate Dealmaker)

In a deal that could worth about $2.4 billion, Rio Tinto Ltd. may sell its non-U.S. packaging assets to Australian packaging group Amcor Ltd., according to Reuters, which cited several sources including one with direct knowledge of Amcor's talks with Rio. Last week, an equities director at Aberdeen Asset Management...

Posted on July 8, 2009 11:09 AM

Rio Tinto restructures, Chinalco may increase stake (from Corporate Dealmaker)

Mining giant Rio Tinto plc of Australia is the poster boy for the mining sector's highs and lows. Global demand for steel was at an all time high, making Rio's iron ore (a key component in steelmaking) a hot commodity. That's why the firm spent $38.1 billion to acquire...

Posted on December 10, 2008 10:07 AM

Alcoa shakes up its senior deal team (from Corporate Dealmaker)

Aluminum giant Alcoa Inc. has shuffled its deal team. Kurt Waldo, who as deputy general counsel oversaw legal M&A and divestiture work, has been promoted to vice president and general counsel. Jake Siewert (pictured), meanwhile, has been named vice president of business development and public strategy, and will oversee M&A.Like...

Posted on September 25, 2008 11:30 AM

A little perspective on surging oil, mining, utility M&A (from Corporate Dealmaker)

While the world laments the death of M&A given the credit crunch, financial institutions crumbling and the gyrating stock market, oil and gas, power and mining deals are thriving. According to three separate reports over the past month by PricewaterhouseCoopers, M&A value levels were up .3% in the oil and...

Posted on April 2, 2008 2:51 PM

Keeping score at Alcan (from Corporate Dealmaker)

Timothy Leyne talks about measuring acquisition results at the aluminum and packaging giant.

Posted on February 15, 2006 1:14 PM

Alcan lands Harries (from Corporate Dealmaker)

Rhod Harries was ready to move to South Korea last spring when a recruiter called with a different idea. The upshot is that instead of becoming CFO at GM-Daewoo, the former assistant treasurer for General Motors Corp. joined Alcan Inc., the world's second-largest aluminum company, in August as vice...

Posted on December 15, 2004 10:05 AM