Original article by Chris Herde
The Australian – Page: 16 : 13-Mar-24

Alumina’s directors have recommended that shareholders should vote in favour of Alcoa’s $3.3bn takeover offer in the absence of a superior proposal. Alumina chairman Peter Day says the time is right to combine the two companies, which are joint venture partners in Alcoa World Alumina & Chemicals. Alumina’s 40 per cent stake in AWAC is its sole asset, and its shareholders will own about 31.6 per cent of the merged group. Alumina was founded in 2002 via the demerger of Western Mining Corporation’s aluminium and bauxite assets.

CORPORATES
ALUMINA LIMITED – ASX AWC, ALCOA INCORPORATED, ALCOA WORLD ALUMINA AND CHEMICALS