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Author:Arndt, M.
Title:Alcoa wants one of these, and one of those...
Journal:Business Week
2000 : SEP 11, VOL. 3682:1012, p. 74-76
Index terms:COMPANIES
ALUMINIUM INDUSTRY
STRATEGY
Language:eng
Abstract:Last March, Alcoa's Alain J.P.Belda knocked investors for a loop. Belda, who had become chief executive of the world's biggest aluminium producer just 10 months earlier, announced an agreement to pay $2.9 billion in cash for Cordant Technologies Inc., an aerospace and alloys company best known for building rocket engines for the Space Shuttle. "what the hell is this company doing buying Cordant?"
SCIMA record nr: 220062
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