BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER - OFFICIAL
Boliden AB <BLDS ST> mining and metals
group said it will announce a major foreign corporate takeover
today involving a company with an annual turnover of two
billion crowns.
    A Boliden spokesman told Reuters details of the
announcement would be given at a news conference by chairman
Rune Andersson at 1030 gmt today. He said the company involved
employed 4,000 people, but declined to name the takeover price
or say what field the firm operated in.
    Share analysts said they expected Boliden to announce it
will be taking over the U.S. Allis-Chalmers Corp <AH.O> but
company officials refused to confirm the reports ahead of the
news conference.
 REUTER
