Alcoa Enters into Binding Agreement to Acquire Alumina Limited

PITTSBURGH–(BUSINESS WIRE)–Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction. The Agreement terms are consistent with the previously agreed and announced transaction process deed (“Process Deed”). Consistent with the Process Deed, the Alumina Limited Board of Directors has recommended that Alumina L

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