MARKET TALK: Alcoa Bid For Alumina No More Likely - ML

STOCK CALL: Merrill Lynch says with Alcoa bidding for Alcan, a bid from Alcoa for Alumina (AWC.AU) no more likely now than before. "We believe that Alcoa sees no pressing need to buy AWC at this time, and will wait for a downturn in the aluminum and alumina market," broker says. Keeps Neutral rating on stock, AWC up 4 cents at A$7.62.