BRIEF-Alcoa Announces Strategic Acquisition Of South32’S Bauxite, Alumina, And Aluminum Assets For $4.1 Billion

Alcoa Corporation

Alcoa Corporation

AA

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June 30 (Reuters) - Alcoa Corp AA.N:

  • ALCOA ANNOUNCES STRATEGIC ACQUISITION OF SOUTH32’S BAUXITE, ALUMINA, AND ALUMINUM ASSETS FOR $4.1 BILLION

  • ALCOA CORP - TO BUY SOUTH32'S BAUXITE, ALUMINA, AND ALUMINUM ASSETS FOR $4.1 BILLION

  • ALCOA CORP - DEAL IMPLIES ENTERPRISE VALUE OF ABOUT $4.7 BILLION

  • ALCOA CORP - TO PAY $3.1 BILLION CASH AND 17 MILLION NEW SHARES VALUED AT $1 BILLION

  • ALCOA CORP - DEAL EXPECTED TO GENERATE $900 MILLION IN NET PRESENT VALUE SYNERGIES

  • ALCOA CORP: DEAL EXPECTED TO BE ACCRETIVE TO ALCOA'S EARNINGS PER SHARE AND FREE CASH FLOW IMMEDIATELY FOLLOWING CLOSING

  • ALCOA CORP: SOUTH32 MAY RECEIVE UP TO $750 MILLION IN AGGREGATE ACCORDING TO TERMS OF A CVR

  • ALCOA CORP: SECURED FULLY COMMITTED FINANCING FOR TRANSACTION IN FORM OF AN INITIAL $3.1 BILLION BRIDGE COMMITMENT

Source text: ID:nBw8nXwV8a

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