Alcoa, Saudi Arabia
Alcoa to Get $1.1 Billion for Stakes in Saudi Aluminum Plants
Alcoa Corp. will receive $1.1 billion in cash and stock in Saudi Arabian Mining Co. as part of a deal that will involve the Pittsburgh-based firm selling its stake in two metals plants in northern Saudi Arabia.
Alcoa Stock Rises After Company Sells Stake in Saudi Arabia Joint Venture
Key Takeaways Alcoa said it was selling off its stake in a Saudi Arabia joint venture to improve its long-term competitiveness.The company held 25.1% of the Saudi Arabia Mining Company, or Ma'aden, and the deal will give Alcoa $1.
Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion
U.S. aluminium maker Alcoa said on Sunday that it would sell a 25.1% stake in its Ma'aden joint venture to Saudi Arabian mining company Ma'aden for $1.1 billion. The transaction includes approximately 86 million shares of Ma’aden and $150 million in cash,
Alcoa Pockets $1.1B From Saudi Joint Venture Sale: Details
Alcoa to sell 25.1% stake in Saudi Ma'aden venture for $1.1B; deal simplifies portfolio, enhances financial flexibility, and provides visibility.
Alcoa to Sell Saudi Arabia Venture Stake in $1.1 Billion Deal
Alcoa has agreed to sell its 25.1% stake in a joint venture with Saudi Arabian Mining, the state-owned mining company better known as Ma'aden, to Ma'aden in a deal valued at about $1.1 billion. Alcoa on Sunday said it will receive $150 million in cash and about 86 million Ma'aden shares valued at around $950 million for its stake in the venture,
Alcoa to sell off joint venture in Saudi Arabia
The terms of the deal require Alcoa to keep the Ma’aden shares for three years, and transfer up to one-third o
Alcoa Strikes $1.1 Billion Stock-Cash Deal to Exit Saudi Arabian Aluminum Joint Venture
Alcoa (AA) agreed to offload its entire stake in a joint venture with Saudi Arabian Mining, known as Ma'aden, to the state-owned mining company in a stock and cash deal worth $1.1 billion. The aluminum manufacturer will sell its 25.
Alcoa (AA) Gets a Buy from Morgan Stanley
Morgan Stanley analyst Carlos De Alba maintained a Buy rating on Alcoa (AA – Research Report) today and set a price target of $48.00. The ...
“This is something we need to do’ | Explosives used for Alcoa Highway expansion project
The Tennessee Department of Transportation has worked with a sub-contractor on the blasting portion of the Alcoa Highway ...
Alcoa jumps with aluminum prices after India alumina refinery disruption
Alcoa (AA) surges alongside aluminum prices following Vedanta refinery collapse in India and saying it was selling its 25.1% ...
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Alcoa’s Mixed Financial Outlook and Hold Rating Justification
Lawson Winder, an analyst from Bank of America Securities, reiterated the Hold rating on Alcoa (AA – Research Report). The associated price target remains the same with $43.00. Lawson Winder has ...
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What’s Fueling Alcoa Corp (AA) Stock’s 2.66% Gain Above Its 200-Day SMA?
Alcoa Corp (AA) stock saw a modest uptick, ending the day at $34.34 which represents a slight increase of $0.37 or 1.09% from the prior close of $33.97. The stock opened at $34.24 and touched a low of ...
Behind the Scenes of Alcoa's Latest Options Trends
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range ...
One dead, 2 injured after head-on Alcoa crash, police say
ALCOA, Tenn. (WVLT) - A man has died and two people have been injured after a head-on crash in Alcoa that happened Saturday, ...
Alcoa Police looking for two people who tried to set fire to home
The Alcoa Police Department is asking for the public's help in finding two people who tried to set fire to a home on North ...