Alcan takeover talk heats up

Although Alcoa Inc. employees had a day off Monday in the U.S., speculation over more offers for Alcan Inc. is hotter than the company's refineries. Below is a short list of the newcomers:

• Norsk Hydro ASA is looking at the possibility of making a $30 billion offer for Alcan, according to The Globe and Mail.
• Mining company Rio Tinto plc reportedly has hired Deutsche Bank AG to advise it on a possible bid for Alcan, according to The Sydney Morning Herald.

The two stories follow last week's report that BHP Billiton entered talks with Alcan, after the Canadian company refused Alcoa's hostile bid.—Matthew Wurtzel

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