Remember Rio Tinto paid $38 billion to buy Alcan and AA's market cap is about $10 billion now.
A much bigger and more diversified company.
Potential buyers could be Krupp Thyssen from Germany or Qatar's Qatalum, UAE's EMAL or the Saudi's SABIC.
Potential price: $20 a share which would be a fire sale and having a German CEO, I think Krupp could be the one.
SABIC is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals. We supply these materials to other companies, who use them to make the products on which the world has come to depend.
I get very excited thinking about it!
It may be a little early, but who knows in Q2 when the stock is still cheap around $14 or so I think $25 would be very nice. And if our Klaus speaks German that is surely a benefit as well from a cultural point of view.
Interesting point considering that they have close to 20 smelters and each smelter costs about $2 billion to build.
This is not counting their Alumina business and Aerospace/engineered products groups.