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Alcoa | 8-K: Amended and Restated Acquisition Agreement

Alcoa | 8-K: Amended and Restated Acquisition Agreement

美国铝业公司 | 8-K:经修订和重述的收购协议
美股SEC公告 ·  2024/07/09 04:33

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Alcoa Corporation faces multiple legal challenges regarding its proposed acquisition of Alumina Limited, as stockholders filed lawsuits alleging inadequate disclosures in proxy statements. Two lawsuits were filed in New York and Pennsylvania courts, along with eight demand letters from purported stockholders, claiming violations of securities laws and breaches of fiduciary duties.In response, Alcoa has voluntarily supplemented its definitive proxy statement with additional disclosures, including detailed financial projections through 2028 for both companies and specifics about the engagement of UBS Investment Bank as financial advisor. The supplemental information includes production forecasts for bauxite, alumina, and aluminum, as well as expanded details about J.P. Morgan's discounted cash flow analysis.While denying all allegations that additional disclosures were required or material, Alcoa made these supplemental disclosures to address stockholders' concerns and avoid potential delays in the transaction. The company maintains that its original disclosures fully complied with applicable laws and rejects the merit of the claims.
Alcoa Corporation faces multiple legal challenges regarding its proposed acquisition of Alumina Limited, as stockholders filed lawsuits alleging inadequate disclosures in proxy statements. Two lawsuits were filed in New York and Pennsylvania courts, along with eight demand letters from purported stockholders, claiming violations of securities laws and breaches of fiduciary duties.In response, Alcoa has voluntarily supplemented its definitive proxy statement with additional disclosures, including detailed financial projections through 2028 for both companies and specifics about the engagement of UBS Investment Bank as financial advisor. The supplemental information includes production forecasts for bauxite, alumina, and aluminum, as well as expanded details about J.P. Morgan's discounted cash flow analysis.While denying all allegations that additional disclosures were required or material, Alcoa made these supplemental disclosures to address stockholders' concerns and avoid potential delays in the transaction. The company maintains that its original disclosures fully complied with applicable laws and rejects the merit of the claims.
美国铝业公司面临多项法律挑战,涉及其拟收购铝土矿有限公司的提案,股东们提起诉讼,指控代理声明中披露不充分。纽约和宾夕法尼亚法院提起了两起诉讼,还有八封来自所谓股东的要求函,声称违反了证券法和信托责任。作为回应,美国铝业公司自愿补充了其最终代理声明,增加了更多披露内容,包括双方公司的详细财务预测,直到2028年以及关于瑞银投资银行作为财务顾问的具体情况。补充信息包括铝土矿、铝土矿和铝的生产预测,以及有关摩根大通折现现金流分析的扩展细节。尽管否认所有关于需要或重要性额外披露的指控,美国铝业公司做出这些补充披露是为了回应股东的关切,避免交易可能出现的延误。该公司坚持认为,其原始披露完全符合适用法律,并驳斥这些索赔的合理性。
美国铝业公司面临多项法律挑战,涉及其拟收购铝土矿有限公司的提案,股东们提起诉讼,指控代理声明中披露不充分。纽约和宾夕法尼亚法院提起了两起诉讼,还有八封来自所谓股东的要求函,声称违反了证券法和信托责任。作为回应,美国铝业公司自愿补充了其最终代理声明,增加了更多披露内容,包括双方公司的详细财务预测,直到2028年以及关于瑞银投资银行作为财务顾问的具体情况。补充信息包括铝土矿、铝土矿和铝的生产预测,以及有关摩根大通折现现金流分析的扩展细节。尽管否认所有关于需要或重要性额外披露的指控,美国铝业公司做出这些补充披露是为了回应股东的关切,避免交易可能出现的延误。该公司坚持认为,其原始披露完全符合适用法律,并驳斥这些索赔的合理性。
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