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* Pechiney’s board dismissed a hostile $3.9-billion bid from rival Alcan Inc., the world’s second-largest aluminum company, citing the price and the difficulty in getting European Commission antitrust approval.
* Jacobs Engineering Group Inc. of Pasadena won a five-year, $800-million contract from Tallahassee, Fla., to improve the city’s transportation, water and recreational facilities.
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