NEW YORK & MELBOURNE, Australia--(BUSINESS WIRE)--Alcoa Inc. (NYSE:AA) (“Alcoa”) and Alumina Limited (ASX:AWC) (“Alumina”) today announced that they have agreed to make certain changes to the Alcoa World Alumina and Chemicals (“AWAC”) joint venture that will enhance value for Alcoa, Alumina, and their respective shareholders. In conjunction with these amendments, the parties have agreed to terminate their litigation in the Delaware Court of Chancery relating to Alcoa’s pending separation into two independent, publicly traded companies. Alcoa Inc. remains on track to complete its separation in the second half of 2016.
Alcoa: News: News Releases: Alcoa Inc. and Alumina Limited Announce Amendments to AWAC Joint Venture
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.