Rio Tinto Won Success To Bid For Alcan

London Oct 24 - Rio Tinto reported, the $38.1 billion bid for Alcan has won the target shareholders' approve, which means the deal is near complete. London's Rio Tino said in a statement, shareholders which hold about 79.71 percent of shares approve the offer. Rio Tinto has received the notice of security of 5.67 percent of Alcan's share. Rio Tinto's CEO Tom Albanese said that the future for aluminium is strong, and he except an excellent future of Rio Tinto Alcan. He said, Rio Tinto Alcan will develop into a strong operation platform. And they will seek for new opportunity for growing. The offer for Alcan has been extended to Nov 8, 2007. Rio Tinto offers 101$ for Alcan's per share.