Alcoa Seals $2.2B Deal To Acquire Alumina Limited, Amplifying Market Presence
Alcoa Seals $2.2B Deal To Acquire Alumina Limited, Amplifying Market Presence
Alcoa (NYSE:AA) inked a binding Scheme Implementation Deed to acquire Alumina Limited (OTC:AWCMF) in an all-scrip, or all-stock, transaction.
美國鋁業（紐約證券交易所代碼：AA）簽署了一份具有約束力的計劃實施契約，以全股或全股交易收購氧化鋁有限公司（場外交易代碼：AWCMF）。
Last month, Alcoa made a $2.2 billion offer to acquire Alumina, its Alcoa World Alumina & Chemicals (AWAC) joint-venture partner.
上個月，美鋁提出了22億美元的要約，以收購其美鋁世界氧化鋁與化工公司（AWAC）的合資夥伴氧化鋁。
Based on Alcoa's closing share price as of February 23, 2024, the last trading day before the announcement of the Process Deed, the Agreed Ratio implies a value of A$1.15 per Alumina Limited share.
根據美鋁截至2024年2月23日，即流程契約公佈前的最後一個交易日的收盤價，協議比率意味着氧化鋁有限公司每股價值1.15澳元。
The terms are the same as earlier communicated, with Alcoa offering 0.02854 of its stock for each Alumina share.
條款與先前公佈的條款相同，美鋁每股發行0.02854股股票。
As part of the deal, interests in Alcoa shares would be delivered in the form of CHESS Depositary Interests (CDI) that represent a unit of beneficial ownership in Alcoa shares, which would allow Alumina shareholders to trade Alcoa common stock via CDIs on the Australian Stock Exchange.
作爲交易的一部分，Alcoa股票的權益將以CHESS存託權益（CDI）的形式交割，該存託權益代表了美鋁股票的實益所有權單位，這將允許氧化鋁股東通過澳大利亞證券交易所的CDI交易美鋁普通股。
The transaction is expected to be completed in the third quarter of 2024, subject to the satisfaction of customary conditions and companies' shareholders and receipt of required regulatory approvals.
該交易預計將於2024年第三季度完成，但須滿足慣例條件和公司股東的要求，並獲得所需的監管批准。
Post-deal closure, Alcoa shareholders would own 68.75% of the combined company, and Alumina's shareholders would own 31.25%.
交易完成後，美鋁股東將擁有合併後公司68.75％的股份，而Alumina的股東將擁有31.25％的股份。
Additionally, Allan Gray Australia, currently the largest substantial holder in Alumina Limited, has confirmed it continues to support the proposed transaction.
此外，澳大利亞艾倫·格雷目前是氧化鋁有限公司的最大持有人，已確認將繼續支持擬議的交易。
Under the terms of the Agreement and at Alumina's request, Alcoa has agreed to provide short-term liquidity support to Alumina to fund equity calls made by the AWAC joint venture if Alumina's net debt position exceeds $420 million.
根據協議條款並應Alumina的要求，Alcoa已同意向Alumina提供短期流動性支持，以在Alumina的淨負債超過4.2億美元的情況下爲AWAC合資企業的股票認購提供資金。
William F. Oplinger, Alcoa's President and CEO, said, "Entering into the Scheme Implementation Deed to acquire Alumina Limited is a milestone on our path to deliver value for both Alcoa and Alumina shareholders."
美鋁總裁兼首席執行官威廉·奧普林格表示：“簽訂收購氧化鋁有限公司的計劃實施契約是我們爲美鋁和氧化鋁股東創造價值道路上的一個里程碑。”
"This transaction provides enhanced opportunities for value creation, including strengthening Alcoa's position as one of the world's largest bauxite and alumina producers and providing Alumina Limited shareholders the opportunity to participate in a stronger, better-capitalized combined company with upside potential."
“該交易爲價值創造提供了更多機會，包括鞏固了美鋁作爲全球最大的鋁土礦和氧化鋁生產商之一的地位，以及爲氧化鋁有限公司的股東提供了參與一家更強大、資本更充足、具有上行潛力的合併公司的機會。”
In January 2024, Alcoa reported fourth-quarter FY23 EPS of a loss of 56 cents versus a loss of 78 cents and revenue of $2.60 billion versus $2.63 billion.
2024年1月，美鋁公佈的23財年第四季度每股收益虧損56美分，虧損78美分，收入爲26.0億美元，而26.3億美元。
As of December 31, Alcoa had cash and cash equivalents of $944 million.
截至12月31日，美鋁的現金及現金等價物爲9.44億美元。
Price Action: AA shares are down 0.13% premarket at $30.45 on the last check Tuesday.
價格走勢：在週二的最後一次支票中，AA股價盤前下跌0.13％，至30.45美元。
Photo via Wikimedia Commons
照片來自維基共享資源