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Alcoa | 8-K: Alcoa Provides Update on Transaction Milestones for Acquisition of Alumina Limited

Alcoa | 8-K: Alcoa Provides Update on Transaction Milestones for Acquisition of Alumina Limited

美国铝业公司 | 8-K:美国铝业公司收购Alumina重大交易情况更新
美股SEC公告 ·  2024/06/11 20:42

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Alcoa Corporation has reached key milestones in its acquisition of Alumina Limited, with completion expected around August 1, 2024. The company filed its definitive proxy statement on June 6 and scheduled a Special Meeting of Shareholders for July 16. Regulatory approvals have been received from Brazil's CADE and Australia's ACCC.Alumina Limited has registered its Scheme Booklet with ASIC, and shareholders are set to vote on July 18. An Independent Expert Report has deemed the transaction fair and reasonable. Alcoa's CEO, William F. Oplinger, expressed satisfaction with the progress, stating the acquisition aligns with their strategy to strengthen their position as a leading upstream aluminum company.The transaction remains subject to shareholder approvals from both companies and Australia's Foreign Investment Review Board. J.P. Morgan Securities LLC and UBS Investment Bank are acting as financial advisors to Alcoa, with Ashurst and Davis Polk & Wardwell LLP serving as legal counsel.
Alcoa Corporation has reached key milestones in its acquisition of Alumina Limited, with completion expected around August 1, 2024. The company filed its definitive proxy statement on June 6 and scheduled a Special Meeting of Shareholders for July 16. Regulatory approvals have been received from Brazil's CADE and Australia's ACCC.Alumina Limited has registered its Scheme Booklet with ASIC, and shareholders are set to vote on July 18. An Independent Expert Report has deemed the transaction fair and reasonable. Alcoa's CEO, William F. Oplinger, expressed satisfaction with the progress, stating the acquisition aligns with their strategy to strengthen their position as a leading upstream aluminum company.The transaction remains subject to shareholder approvals from both companies and Australia's Foreign Investment Review Board. J.P. Morgan Securities LLC and UBS Investment Bank are acting as financial advisors to Alcoa, with Ashurst and Davis Polk & Wardwell LLP serving as legal counsel.
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