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Alcoa Shareholders Approve Share Issuance for Alumina Acquisition; Shares Drop
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Alcoa Shareholders Approve Share Issuance for Alumina Acquisition; Shares Drop
Jul 16, 2024 7:20 AM

09:48 AM EDT, 07/16/2024 (MT Newswires) -- Alcoa ( AA ) said Tuesday that 99% of shareholders at its special meeting of stockholders approved the issuance of shares for the proposed acquisition of Alumina.

Final results of the voting will be filed with the Securities and Exchange Commission within four business days, the company said.

The deal is expected to close around Aug. 1, Alcoa ( AA ) said.

Alcoa ( AA ) shares fell 3.7% in early trading.

Price: 37.94, Change: -1.36, Percent Change: -3.47

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