June 12, 2007
Vol 2 | Num 24
e-glass weekly, your weekly source for industry news and financial data
News to know
The results are in!
IGMA and AAMA hold meetings together
Fire-rated glazing proposals defeated by ICC
Glass executives head to Finland for conference
More top stories
Product spotlight
ShowerGuard UltraWhite glass
Financials
Business headlines
e-Poll
Do you support President Bush's immigration bill?
Yes
No
Not sure

Last week's poll results: 
Contract glaziers, have you seen a decline in high-rise residential jobs as the housing market has slipped?

30%: Yes, but it's minimal

27.5%: Yes

22.5%: No

20%: No, but I expect it soon



Financials

Business headlines

Higher bid for Alcan could mean success for Alcoa

Aluminum giant Alcoa could still acquire Montreal’s Alcan, if the Pittsburgh company ups its offer, according to a June 11 article from SeekingAlpha.com.

Several industry analysts say Alcoa will have to increase its current offer of $58.60 per share to at least $60 per share for Alcan to accept, according to the article.

Alcan’s board rejected Alcoa’s $27.6 billion offer in May. Rumors say that Alcan is in talks with several other potential buyers, including BHP Billiton, AngloAmerican and Rio Tinto, all of London, and Xstrata Plc. of Switzerland. Read the full SeekingAlpha story here.

To read a May 15 e-glass weekly article about the impact of an Alcoa-Alcan merger on the glass industry, click here.


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