Alcoa (AA) Inks Definitive Deal to Acquire Alumina for $2.2B
Alcoa(AA) Zacks Investment Research·2024-03-14 22:10
Alcoa Corporation (AA) recently finalized a binding Scheme Implementation Deed ("Agreement") to acquire Alumina Limited in an all-scrip or all-stock transaction. The agreement, first announced in February, is expected to be completed in the third quarter of 2024.Headquartered in Southbank, Victoria, Australia, Alumina invests in bauxite mining, alumina refining and aluminum smelting operations primarily in Australia, Brazil and Spain.This latest deal highlights the strength of Alcoa’s long-standing partners ...