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Jim Cramer first mentioned Alcoa Inc (AA) as a possible takeover target by private equity in the January 31, 2007 "Sudden Death" segment of Mad Money. While previously, he had referred callers to best-of-breed steel company Alcan (AL), since his first recommendation of Alcoa (AA) in 2007, the stock has climbed 46%, beating the S&P 500 return of 7.7% over the same time period. On March 13, 2007, Cramer again reiterated his view that Alcoa (AA), as well as The Dow Chemical Company (DOW), were ripe for a potential acquisition by a private equity firm. Since then, Jim has been quoted many times as saying that Alcoa (AA) will not be public by the end of 2007, and now that Alcoa (AA) has retracted its bid for Alcan (AL) and Rio Tinto (RTP) looks to be Alcan's true acquirer, Alcoa (AA) may well be acquired by the end of this year.
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