Alcoa, Saudi Arabia
Alcoa Stock Rises After Company Sells Stake in Saudi Arabia Joint Venture
Key Takeaways Alcoa said it was selling off its stake in a Saudi Arabia joint venture to improve its long-term competitiveness.The company held 25.1% of the Saudi Arabia Mining Company, or Ma'aden, and the deal will give Alcoa $1.
Alcoa to Get $1.1 Billion for Stakes in Saudi Aluminum Plants
Alcoa Corp. will receive $1.1 billion in cash and stock in Saudi Arabian Mining Co. as part of a deal that will involve the Pittsburgh-based firm selling its stake in two metals plants in northern Saudi Arabia.
Alcoa to Sell Saudi Arabia Venture Stake in $1.1 Billion Deal
Alcoa has agreed to sell its 25.1% stake in a joint venture with Saudi Arabian Mining, the state-owned mining company better known as Ma'aden, to Ma'aden in a deal valued at about $1.1 billion. Alcoa on Sunday said it will receive $150 million in cash and about 86 million Ma'aden shares valued at around $950 million for its stake in the venture,
Alcoa to sell off joint venture in Saudi Arabia
The terms of the deal require Alcoa to keep the Ma’aden shares for three years, and transfer up to one-third o
Alcoa Strikes $1.1 Billion Stock-Cash Deal to Exit Saudi Arabian Aluminum Joint Venture
Alcoa (AA) agreed to offload its entire stake in a joint venture with Saudi Arabian Mining, known as Ma'aden, to the state-owned mining company in a stock and cash deal worth $1.1 billion. The aluminum manufacturer will sell its 25.
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What’s Fueling Alcoa Corp (AA) Stock’s 2.66% Gain Above Its 200-Day SMA?
Alcoa Corp (AA) stock saw a modest uptick, ending the day at $34.34 which represents a slight increase of $0.37 or 1.09% from the prior close of $33.97. The stock opened at $34.24 and touched a low of ...
Alcoa’s Mixed Financial Outlook and Hold Rating Justification
Lawson Winder, an analyst from Bank of America Securities, reiterated the Hold rating on Alcoa (AA – Research Report). The associated ...
Top Stock Movers Now: Intel, Alcoa, Apple, Micron Technology, and More
U.S. equities were mixed around midday as investors focused on what will happen on Wednesday, when the Federal Reserve is ...
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Alcoa Stock Drops on Offer to Buy Australian Partner Alumina for $2.2 Billion
It’s an all-stock deal. Alumina shareholders are set to get 0.02854 Alcoa share for each Alumina Limited share. That implied a value of 1.15 Australian dollars per Alumina share, a premium of ...
Behind the Scenes of Alcoa's Latest Options Trends
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range ...
Alcoa jumps with aluminum prices after India alumina refinery disruption
Alcoa (AA) surges alongside aluminum prices following Vedanta refinery collapse in India and saying it was selling its 25.1% ...
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Alcoa (AA) Stock Up Despite Plan to Idle Smelters, Cut Production
Alcoa (AA) stock is gaining as the company plans to cut production and idle three of its four U.S. aluminum smelters. Alcoa (AA) stock is gaining as the company plans to cut production and ...
Institutional investors control 63% of Alcoa Corporation (NYSE:AA) and were rewarded last week after stock increased 12%
A look at the shareholders of Alcoa Corporation ( NYSE:AA) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 63% ownership. In other ...
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Alcoa’s (AA) Bold Move Sparks a 7.54% Surge: What’s Driving the Market Reaction?
Year-to-date, Alcoa’s stock performance has been somewhat subdued compared to the broader market. It has posted a modest gain of 3.94%. This relatively modest performance reflects the company’s ...
Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut
Shares are mixed in Asia after the Dow Jones Industrial Average set a record as Wall Street gears up for Federal Reserve's ...