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BHP Not Interested In Acquiring Alcoa, Report Says

CNBC.com
Thursday, 19 Jul 2007 | 3:36 PM ET

A newspaper in Australia is reporting that BHP Billiton is not interested in acquiring U.S. aluminum company Alcoa .

Rio Tinto CEO
Discussing Rio Tinto's interest in Alcan, with Tom Albanese, Rio Tinto CEO and CNBC's Erin Burnett

The Australian, which cites sources it didn't name, reports in its Friday edition that Melbourne-based BHP "never even got close to making a pitch for Pittsburgh's king of the light metal."

Following Alcoa's defeat to Rio Tinto in a bidding warfor Canada's Alcan Aluminum , there were widespread expectations among analysts and investors that BHP would make a bid of at least $40 billion for Alcoa.

"We're very happy with Alcan," Rio Tinto CEO Tom Albanese told CNBC. "We're working to get this closed and run our businesses." Albanese added that a Rio Tinto bid for Alcoa is "off the table."

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