Take Over Target : Add to Watchlist

I NOTICED DIRECTORS ARE BUYING IN RECENTLY. KEEP IT ON THE WATCHLIST.

Alumina Ltd's new joint venture agreement could put the company back on the radar of potential suitors and have investors factoring a takeover premium into the company's shares.

Alumina has long been viewed as a potential takeover target and counts China's CITIC Group as its largest shareholder with a 17.9 per cent stake.

Deutsche Bank analysts said it was hard to quantify the benefits to Alumina in the short-term, but agreed the changes made Alumina more attractive as a takeover target.

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