yesterday rejected Norilsks $8.75
billion offer for the 15 percent stake Rusal owns in Russias
largest miner. Norilsk may make the same buyback offer to all
shareholders in one to two weeks, UralSib Financial Corp.
analyst Dmitry Smolin said. The shares gained as much as 2.2
percent and last traded 0.4 pe
Date: Sep 06, 2011
Norilsk Nickel Rallies After Rusal Rejects Its Buyback Offer
Norilsk should be supported in the short term by the
buyback price, UralSib Financial Corp analyst Dmitry Smolin,
wrote in an e-mailed report today. Smolin expects Norilsk Nickel
to make the same buyback offer to all other shareholders at the
same price within one-two weeks.