M&A
confidence high
sentiment positive
materiality 0.70
Alcoa shareholders approve share issuance for Alumina Limited acquisition
Alcoa Corp
- Approved issuance of Alcoa common and non-voting convertible preferred stock to Alumina Ltd shareholders (126.2M for, 376.5K against).
- Adjournment proposal also approved but not needed; final votes: 117.3M for, 9.2M against.
- Special meeting held July 16, 2024; vote advances Alcoa's acquisition of Alumina Limited.