Mergers & Acquisitions ·
Alcoa Corporation entered into an Umbrella Implementation Deed on June 30, 2026, to acquire South32 Limited's…
AAAlcoa Corp
Alcoa Corporation entered into an Umbrella Implementation Deed on June 30, 2026, to acquire South32 Limited's interests in bauxite mine, alumina refinery, and aluminum smelter operations for $3.1 billion in cash and approximately 17 million shares of Alcoa common stock valued at $1 billion. The deal includes a contingent value right of up to $750 million based on alumina and aluminum prices. Alcoa has secured a $3.1 billion senior unsecured 364-day bridge term loan facility from Goldman Sachs Bank USA to fund the transaction. Alcoa is an aluminum producer that operates in the mining and metals industry.