Alcoa today announced that it has entered into an agreement with
Alumina Ltd. on terms and process for the acquisition of
Alumina Ltd., subject to entry into a scheme implementation agreement. Alcoa and
Alumina Ltd. have entered into an exclusivity and transaction process deed , and the
Alumina Ltd. Board of Directors has confirmed that, subject to entry into a scheme implementation agreement, it intends to recommend the transaction to
Alumina Ltd. shareholders. Under the all-scrip, or all-stock, transaction,
Alumina Ltd. shareholders would receive consideration of 0.02854 Alcoa shares for each
Alumina Ltd. share . Based on Alcoa's closing share price as of February 23, 2024, the Agreed Ratio implies...