Alcoa expects to close Alumina Ltd acquisition by Aug 1, 2024; sets shareholder vote

Alcoa Corp

Alcoa filed definitive proxy on June 6; shareholder special meeting to vote on transaction scheduled for July 16, 2024.
Brazilian antitrust authority CADE approved acquisition on May 13; Australian ACCC indicated no public review.
Alumina shareholders to vote on acquisition on July 18; second court hearing set for July 22 if vote succeeds.
Independent Expert Report declares transaction fair and reasonable for Alumina shareholders.
Completion expected on or about August 1, subject to shareholder approvals and Foreign Investment Review Board clearance.

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