Alcoa Corp (AA): M&A transaction — Alcoa completes acquisition of Alumina Limited for ~$2.8B in all-stock deal

Alcoa Corp

Implied equity value ~$2.8B based on 0.02854 Alcoa shares per Alumina share (closing price July 26).
Alcoa issued 78.8M common shares and 4.04M non-voting convertible preferred shares to Alumina holders.
Alcoa now fully owns AWAC (bauxite and alumina assets); expects synergies from simplified governance.
Alumina had $385M drawn under its $500M revolving credit facility, which Alcoa assumes.
Board expanded to 12; appointed John Bevan and Alistair Field (former Alumina directors) effective Aug 1.

item 2.01 item 2.03 item 3.02 item 3.03 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Alistair Field

Director

AA · Alcoa Corp

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

On July 31, 2024 and in connection with the Transaction, the Board increased the size of the Board from ten to twelve directors and appointed John Bevan and Alistair Field (the “ New Alcoa Directors ”), who were directors of Alumina Limited prior to the consummation of the Transaction, as additional members of the Board, effective as of 5:00 p.m. on August 1, 2024 (the “ Effective Date ”).

Appointed

John Bevan

Director

AA · Alcoa Corp

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

On July 31, 2024 and in connection with the Transaction, the Board increased the size of the Board from ten to twelve directors and appointed John Bevan and Alistair Field (the “ New Alcoa Directors ”), who were directors of Alumina Limited prior to the consummation of the Transaction, as additional members of the Board, effective as of 5:00 p.m. on August 1, 2024 (the “ Effective Date ”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alistair Field was appointed as Director at Alcoa Corp.

Action: appointed
Role: Director

Exact text from the filing

On July 31, 2024 and in connection with the Transaction, the Board increased the size of the Board from ten to twelve directors and appointed John Bevan and Alistair Field (the “ New Alcoa Directors ”), who were directors of Alumina Limited prior to the consummation of the Transaction, as additional members of the Board, effective as of 5:00 p.m. on August 1, 2024 (the “ Effective Date ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Bevan was appointed as Director at Alcoa Corp.

Action: appointed
Role: Director

Exact text from the filing

On July 31, 2024 and in connection with the Transaction, the Board increased the size of the Board from ten to twelve directors and appointed John Bevan and Alistair Field (the “ New Alcoa Directors ”), who were directors of Alumina Limited prior to the consummation of the Transaction, as additional members of the Board, effective as of 5:00 p.m. on August 1, 2024 (the “ Effective Date ”).

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Alcoa Corp completed an acquisition involving Alumina Limited for all-scrip, or all-stock, transaction, Alumina shareholders received consideration of 0.02854 Alcoa shares for each Alumina share; equity value of approximately (closed 2024-08-01).

Action: acquisition
Counterparty: Alumina Limited
Consideration: all-scrip, or all-stock, transaction, Alumina shareholders received consideration of 0.02854 Alcoa shares for each Alumina share; equity value of approximately
Closing: 2024-08-01

Exact text from the filing

y shares and an indirect wholly owned subsidiary of Alcoa (“ Alcoa Bidder ”), and Alumina Limited, an Australian public company limited by shares and listed on the Australian Securities Exchange (“ Alumina Limited ”).

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Alcoa Corp filing history →

Source: SEC EDGAR

accession 0000950103-24-011378

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.