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Alcoa Corporation - $AA STOCK NEWS

Welcome to our dedicated page for Alcoa Corporation news (Ticker: $AA), a resource for investors and traders seeking the latest updates and insights on Alcoa Corporation stock.

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Alcoa has entered into an Amended Scheme of Implementation Deed with Alumina regarding their acquisition. The updated agreement maintains the originally announced consideration of 0.02854 New Alcoa CDIs per share of Alumina The transaction is on track to complete in Q3 2024 and includes the support of significant stakeholders like Allan Gray Australia. CITIC, which holds a stake in Alumina , will receive part of its consideration in non-voting convertible series A preferred stock to comply with U.S. regulations. Required approvals include those from Australia's Foreign Investment Review Board and Brazil's antitrust regulator, with the Australian Competition and Consumer Commission opting out of a public review.

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Alcoa (NYSE: AA) declared a quarterly cash dividend of $0.10 per share of common stock. The dividend will be paid on June 7, 2024, to stockholders of record as of May 21, 2024.

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Alcoa President and CEO William Oplinger will participate in the BofA Securities 2024 Global Metals, Mining & Steel Conference to discuss Alcoa’s business, recent acquisition of Alumina , market outlook, and financial results. The presentation will be followed by a Q&A session. The slide presentation will be available on the Company's website. A live audio webcast and replay will also be accessible.

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Alcoa reported its first quarter 2024 results, including the acquisition of Alumina and various operational improvements. Revenue was $2.6 billion, with a net loss of $252 million. Alcoa initiated the potential sale of the San Ciprián complex, completed the restart of a potline at Warrick Operations, and announced the curtailment of the Kwinana refinery in Australia. The company also paid a quarterly cash dividend of $0.10 per share and finished the quarter with a cash balance of $1.4 billion.
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Alcoa will release its first quarter 2024 financial results on April 17, 2024, after the NYSE trading hours. The financial results will be available on Alcoa's website, with a live webcast and conference call to discuss the results.
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Alcoa (NYSE:AA) closes $750 million green bond offering to finance sustainable projects, supporting its transition to a lower carbon economy.
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Alcoa (AA) enters into a Scheme Implementation Deed with Alumina Limited, recommending shareholders to vote for the transaction, expected to create long-term value for both companies. The Agreement terms involve an all-scrip transaction with Alumina Limited shareholders receiving 0.02854 Alcoa shares per share. The transaction values Alumina Limited at approximately $2.2 billion, with Alcoa owning 68.75% and Alumina Limited shareholders owning 31.25% of the combined company. The deal includes the issuance of CHESS Depositary Interests (CDIs) for Alcoa shares, allowing trading on the Australian Stock Exchange. The transaction is set to be completed in the third quarter of 2024, subject to shareholder and regulatory approvals.
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Alcoa (AA) announces an agreement with Alumina Limited (AWC) for the acquisition of Alumina Limited, strengthening Alcoa's position as a leading bauxite and alumina producer. The all-scrip transaction values Alumina Limited at approximately $2.2 billion, with Alumina Limited shareholders receiving 0.02854 Alcoa shares per Alumina Limited share. The acquisition aims to enhance operational flexibility, provide long-term value creation, and increase exposure to Alcoa's global aluminum business.
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Alcoa Corporation (NYSE: AA) declares a quarterly cash dividend of $0.10 per share for stockholders of record as of March 5, 2024, payable on March 21, 2024.
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Alcoa Corporation (NYSE: AA) CEO William F. Oplinger to present at BMO Global Metals, Mining & Critical Minerals Conference on February 27, 2024, discussing business, market conditions, and financial outlook. Presentation details available on Alcoa's website.
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Alcoa Corporation

NYSE:AA

AA Rankings

AA Stock Data

7.57B
177.84M
1.07%
86.57%
8%
Alumina Refining and Primary Aluminum Production
Manufacturing
Link
United States of America
PITTSBURGH

About AA

alcoa (nyse: aa) is a global industry leader in bauxite, alumina and aluminum products, with a strong portfolio of value-added cast and rolled products and substantial energy assets. alcoa is built on a foundation of strong values and operating excellence dating back nearly 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. since inventing the aluminum industry, and throughout our history, our talented alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability and stronger communities wherever we operate.