Welcome to our dedicated page for Alcoa news (Ticker: AA), a resource for investors and traders seeking the latest updates and insights on Alcoa stock.
Alcoa Corporation reports developments across its vertically integrated aluminum business, including bauxite mining, alumina refining and primary aluminum production. Company news commonly covers quarterly operating results, production trends in alumina and aluminum, commodity-price effects on profitability, and market commentary provided through earnings releases and industry conference presentations.
Recurring updates also include quarterly cash dividends, debt and liquidity actions involving Alcoa subsidiaries, governance and executive leadership changes, and operational matters at refining and smelting assets. Alcoa’s common stock trades on the NYSE under AA, and the company also references an ASX listing under AAI in its public releases.
Alcoa (NYSE: AA) will announce its second quarter 2024 financial results on July 17, 2024, after trading hours on the New York Stock Exchange. A conference call discussing these results will follow at 5:00 p.m. EDT. The press release and a related presentation will be available on Alcoa's website. Alcoa will also release preliminary financial information on July 10, 2024, ahead of a Special Meeting of Stockholders on July 16, 2024, related to the acquisition of Alumina The conference call will be hosted by CEO William Oplinger and CFO Molly Beerman. A telephone replay and webcast archive will be accessible post-event.
Alcoa (NYSE: AA) has announced significant progress in its acquisition of Alumina Key milestones include the filing of a definitive proxy statement with the SEC and the receipt of regulatory approvals from Brazil's CADE and the Australian Competition and Consumer Commission. Alumina's Scheme Booklet has been registered with ASIC, and a shareholder vote is scheduled for July 18, 2024, with a second court hearing on July 22, 2024, if the vote succeeds. The acquisition, deemed fair and reasonable by an Independent Expert Report, is expected to complete by August 1, 2024, subject to customary conditions.
Alcoa's Executive Vice President and CFO, Molly S. Beerman, will participate in a webcast session at the JP Morgan 2024 Energy, Power & Renewables Conference on June 18, 2024, in New York. Beerman will discuss Alcoa's business, the acquisition of Alumina , and the company's market outlook and financial results for the current quarter. The session will be available via a live audio webcast and will be archived for later access on Alcoa's website.
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.
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.
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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