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MELBOURNE, Australia (AP) - Canadian aluminum maker Alcan Inc. is in talks with Australia's BHP Billiton Ltd. to try to fend off a hostile $27 billion takeover bid by U.S. rival Alcoa Inc., according to an article published Wednesday in Canada.
Alcan has rejected Alcoa's offer and Chief Executive Dick Evans has said Alcan is having "ongoing discussions with third parties about various other transactions."
Canada's Globe and Mail cited unnamed sources in its report that Alcan is in talks with BHP Billiton, the world's biggest resources company.
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