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flag Alcoa Corp proposes a $2.2bn all-stock conditional buyout of Australian joint venture partner Alumina.

flag 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. flag This deal raises Alcoa's exposure in the upstream aluminum business and simplifies governance for both parties. flag Alumina shareholders will also gain exposure to the finished aluminum product in a larger company.

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