Alcoa chairman and CEO Alain Belda explains his company's hostile bid for Canadian aluminum rival Alcan Inc., Monday, May 7, 2007 in Montreal. The bid, worth nearly $27 billion, comes after failing in almost two years of private talks to reach a negotiated deal.

Photo by Paul Chiasson, Associated Press

Alcoa chairman and CEO Alain Belda explains his company's hostile bid for Canadian aluminum rival Alcan Inc., Monday, May 7, 2007 in Montreal. The bid, worth nearly $27 billion, comes after failing in almost two years of private talks to reach a negotiated deal.

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