SYDNEY: Alumina producer Alcoa Corp has entered exclusive takeover talks with Australian joint-venture partner Alumina Ltd, after making a US$2.2bil offer.
Alcoa has proposed a deal offering 0.02854 of its shares for each of Alumina’s, the company said yesterday, marking a 13.1% premium to its share price on Feb 23.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
