SYDNEY, AUSTRALIA: Alumina Limited has announced the signing of a Scheme Implementation Deed with Alcoa Corporation, paving the way for Alcoa to acquire all outstanding shares of Alumina. This transaction will see Alumina shareholders receive 0.02854 shares of Alcoa common stock for each share of Alumina, representing a 19.5% premium over the past year’s average…
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Alcoa Corporation offers to buy Alumina Limited in a share swap deal
SYDNEY: Alcoa Corporation has made a conditional offer to buy all the shares of Alumina Limited through a share swap deal, a financial news announcement noted. Alumina shareholders would receive 0.02854 Alcoa shares for each Alumina share they own. This offer values Alumina at 13.1% higher than its closing price on 23 February 2024, and…
Alcoa Corporation
Alcoa Corporation (a portmanteau of Aluminum Company of America) is an American industrial corporation. It is the world’s eighth largest producer of aluminum, with corporate headquarters in Pittsburgh, Pennsylvania. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in…