【American Aluminum Industry Agrees to Acquire Australian Aluminum Company Alumina for $2.2 Billion】American aluminum company Alcoa has agreed to acquire Alumina in Australia in an all-stock deal, valuing Alumina's equity at approximately 3.35 billion Australian dollars (about 2.2 billion US dollars). As per the proposed transaction, Alcoa will exchange 0.02854 shares of its own stock for 1 share of Alumina stock, representing a 13% premium over Alumina's closing price last Friday. Alumina has urged its shareholders to support the acquisition offer, after previously rejecting several proposals from Alcoa.
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