updated 6/18/2007 9:32:23 AM ET 2007-06-18T13:32:23

Shares of Alcoa Inc. rose in Europe on Monday after the Times newspaper in London reported that BHP Billiton Ltd. is reviving plans to make a $40 billion offer for the aluminum company.

BHP, the world's largest mining company, had previously considered making an offer for Alcoa in February, but Chief Executive Chip Goodyear preferred to return cash to shareholders, the newspaper said.

Goodyear is due to step down from his position in October to be replaced by Marius Kloppers, and the report said a potential offer is once again being considered.

BHP Billiton spokesman Illtud Harri told The Associated Press there would be no comment on the report.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com