Michigan Avenue Partners not conceding defeat in merger plans with Reynolds Metals.

From: Knight Ridder/Tribune News Service | Date: August 20, 1999| Author: | Copyright information

CHICAGO _ Michigan Avenue Partners has a message for Alcoa Inc. and Reynolds Metals Co.: Don't celebrate your merger plans, because we aren't going away.

Reynolds late Wednesday accepted a $4.4. billion takeover bid from Alcoa, which would create a $20.5 billion global powerhouse in the aluminum industry. The agreement appears to ace out Michigan Avenue Partners, a Chicago-based private investment firm that last week made its own bid for Reynolds.

``This isn't over. It's far from over,'' vowed Michael Lynch, chairman of Michigan Avenue Partners, in an interview with The ...

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