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…
Alumina Limited
Alumina Limited is a public company listed on the Australian Securities Exchange (ASX). It was formed in 2003 in a demerger from Western Mining Corporation, and is one of the top 100 companies on the ASX (by market capitalization). Alumina’s only business activity is as the owner of a 40% share in a joint venture…