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ALCO Alico

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32.580
-0.220-0.67%

Close Jan 17 16:00 ET

31.820
-0.760-2.33%

Pre 06:09 ET

248.79MMarket Cap35.80P/E (TTM)

Alico Stock Forum

Jessica Amir

Mar 11, 2024 21:58

Alumina shares surge 8% on Alcoa agreeing to takeover the ASX junior player. This is the tip of the iceberg with Aussie M&As picking up

US aluminum producer Alcoa Co $Alico (ALCO.US)$ entered into a binding agreement to takeover its long term JV partnerAlumina $Alumina Ltd (AWC.AU)$, for $2.2 billion to consolidate its ownership of its key upstream assets. Why? Well Alcoa sees long-term demand rising for the metal.
Today's news sent the ASX stock $Alumina Ltd (AWC.AU)$ roaring up 8%. But now it appe...