{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-009899","form_type":"8-K","ticker":"AA","cik":"0001675149","company_name":"Alcoa Corp","filed_at":"2026-07-01T10:15:05+00:00","discovered_at":"2026-07-01T10:20:00.284322+00:00","generated_at":"2026-07-01T10:20:06.647590+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Alcoa acquires South32's bauxite, alumina, aluminum assets for $4.1B upfront plus up to $750M CVR","bullets":["Upfront consideration: $3.1B cash + ~17M Alcoa shares (~$1.0B) for total $4.1B; implied enterprise value ~$4.7B including lease debt.","Expected synergies of ~$900M NPV; accretive to EPS and FCF immediately post-close.","Assets: Boddington bauxite mine, Worsley alumina refinery (Australia); Hillside smelter (South Africa); MRN bauxite, Alumar refinery/smelter (Brazil). Excludes Mozal.","CVR up to $750M based on alumina/aluminum price triggers over four annual periods starting July 1, 2026.","Expected close H1 2027; subject to South32 shareholder approval, regulatory approvals; fully committed bridge financing from Goldman Sachs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-009899","json":"https://secwatch.observer/filing/0000950103-26-009899.json","markdown":"https://secwatch.observer/filing/0000950103-26-009899.md","text":"https://secwatch.observer/filing/0000950103-26-009899.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675149/000095010326009899/0000950103-26-009899-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675149/000095010326009899/dp249366_8k-pr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-01T10:20:06.647590+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}