Alcoa Corp proposes a $2.2bn all-stock conditional buyout of Australian joint venture partner Alumina.
US aluminum maker Alcoa Corp has proposed a non-binding, conditional buyout offer for its Australian joint venture partner Alumina, valuing the company at $2.2bn in an all-stock offer. This deal raises Alcoa's exposure in the upstream aluminum business and simplifies governance for both parties. Alumina shareholders will also gain exposure to the finished aluminum product in a larger company.
13 months ago
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