Why Is AA Stock Falling Nearly 5% In Premarket Trading Today?
Under the deal, Alcoa will acquire South32’s bauxite, alumina and aluminum assets in a deal worth up to $5.45 billion. The deal includes $4.1 billion in upfront cash-and-stock consideration, with an implied enterprise value of about $4.7 billion including debt, and a contingent value of up to $750 million. The transaction is expected to close … Read more