Apparently there is a rumor that a Chinese firm is going to be making a bid for ALU...makes sense to do this at an ULTRA cheap market cap of just $12B.Personally, I hope these rumors shoot this up, but they never actually meterialize, as I am expecting this to climb over $10 by EOY 2011 and possibly $20 by EOY 2012. If a buyout offer is submitted, ANYTHING less than $8 will be laughed at by the board and will probably take $12 for serious consideration.
Forget it! ALU being on the rise would not be interested. Just another rumor to elevate the exposure & interest. Nice pr move. Could go up a buck today.
It went up a buck in dreams, but it will not go up a buck today. The rumors will go away again and this will go back to the $4 range again.