Alcoa Reaches Key Milestones In Alumina Limited Acquisition, Expected To Complete By August 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Alcoa has reached significant milestones in its acquisition of Alumina Limited, with the deal expected to complete by August 1, 2024. The company filed a definitive proxy statement with the SEC and received regulatory approvals from Brazil and Australia. Key shareholder meetings are scheduled for July.
June 11, 2024 | 12:33 pm
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Alcoa has made significant progress in its acquisition of Alumina Limited, with the deal expected to close by August 1, 2024. The company has filed a definitive proxy statement with the SEC and received necessary regulatory approvals from Brazil and Australia. Shareholder meetings are scheduled for July.
The acquisition of Alumina Limited is a significant strategic move for Alcoa, likely to enhance its market position and operational capabilities. The regulatory approvals and scheduled shareholder meetings indicate a high probability of the deal's completion, which is positive news for Alcoa's stock in the short term.
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