March 11 (Reuters) - Alcoa Corp ( AA ):

* ALCOA ENTERS INTO BINDING AGREEMENT TO ACQUIRE ALUMINA

LIMITED

* ALUMINA LIMITED SHAREHOLDERS WOULD RECEIVE CONSIDERATION

OF

0.02854 ALCOA SHARES FOR EACH ALUMINA LIMITED SHARE

* ALUMINA LIMITED SHAREHOLDERS WOULD OWN 31.25 PERCENT, AND

ALCOA

SHAREHOLDERS WOULD OWN 68.75 PERCENT OF COMBINED COMPANY

* AGREED RATIO IMPLIES A VALUE OF A$1.15 PER ALUMINA LIMITED

SHARE

AND AN EQUITY VALUE OF APPROXIMATELY $2.2 BILLION FOR ALUMINA

LIMITED

* ALCOA-TWO NEW MUTUALLY AGREED UPON AUSTRALIAN DIRECTORS

FROM

ALUMINA LIMITED'S BOARD WOULD BE APPOINTED TO ALCOA'S BOARD OF

DIRECTORS UPON CLOSING

* IN ORDER TO ALLOW TRADING OF ALCOA CDIS, ALCOA WILL APPLY

TO

ESTABLISH A SECONDARY LISTING ON AUSTRALIAN SECURITIES EXCHANGE

* ALCOA-UNDER TERMS AND AT ALUMINA'S REQUEST, AGREED TO

PROVIDE

SHORT-TERM LIQUIDITY SUPPORT TO ALUMINA TO FUND EQUITY CALLS

MADE BY AWAC JOINT VENTURE

Source text for Eikon:

Further company coverage: