Alcoa Investigating the Sale of Some of its Businesses
According to a recent Wall Street Journal report, Alcoa
Inc., parent company of Kawneer North America, has begun working
with investment banking experts to investigate selling some of its
businesses in the consumer-packaging, and electronic systems areas.
Reportedly, these measures are being taken by Alcoa in an effort
to free up resources so that the company can expand its presence
in the aerospace market.
The Journal speculated that Alcoa, already a rumored target
for takeover within the international mining industry, may become
more susceptible to takeover if indeed the company does sell off
certain holdings, the article reported.