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Alcoa Corporation has entered into an agreement with Alumina Limited on terms and process for an all-stock acquisition. Alumina Limited shareholders would receive 0.02854 Alcoa shares per share, implying an equity value of approximately $2.2 billion.
“Alcoa today announced that it has entered into an agreement with Alumina Limited on terms and process for the acquisition of Alumina Limited.”investors.alcoa.com
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