Alcoa Enters Into Binding Agreement To Acquire Alumina In Stock Deal.; Alumina Shareholders To Receive 0.02854 Alcoa Shares For Each Alumina Share
Portfolio Pulse from Charles Gross
Alcoa has announced a binding agreement to acquire Alumina Limited in an all-stock transaction. Alumina shareholders will receive 0.02854 Alcoa shares for each share of Alumina they own.
March 11, 2024 | 10:44 pm
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Alcoa is set to acquire Alumina Limited in an all-stock deal, offering Alumina shareholders 0.02854 shares of Alcoa for each of their shares.
The acquisition of Alumina Limited by Alcoa is a significant move that could lead to synergies and enhanced market positioning for Alcoa. The all-stock nature of the deal indicates a strategic investment in Alcoa's future, potentially leading to increased investor confidence and a positive short-term impact on Alcoa's stock price.
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