Chinalco take-private: 'sweet' but scary

Chinalco Mining Corp’s planned take-private offers a solid return for shareholders and is near the finish line. But some investors are worried the deal could hit a roadblock.

Chinalco take-private: 'sweet' but scary

Aluminium Corporation of China Chalco, the largest aluminium producer in the country, announced at the end of last week that it wanted to privatise its Hong Kong-listed subsidiary Chinalco Mining Corporation CMC.

Chalco offered investors HK$1.39 per share for the company, a premium of 32% over the last closing price. The stock started trading again on Monday and volumes quickly spiked to 24 million shares, a whopping 30 times the three-month average...

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