S&P Futures
5,625.50 -4.25 (-0.08%) Dow Futures
41,410.00 -17.00 (-0.04%) Nasdaq Futures
19,488.75 -41.50 (-0.21%) Russell 2000 Futures
2,193.50 +8.70 (+0.40%) Crude Oil
69.08 +0.43 (+0.63%) Gold
2,612.70 +2.00 (+0.08%)
After hours:
| Previous Close | 31.35 |
| Open | 32.03 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 900 |
| Day's Range | 31.92 - 32.96 |
| 52 Week Range | 23.07 - 45.48 |
| Volume | |
| Avg. Volume | 5,887,780 |
| Market Cap | 8.401B |
| Beta (5Y Monthly) | 2.42 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -3.07 |
| Earnings Date | Oct 16, 2024 - Oct 21, 2024 |
| Forward Dividend & Yield | 0.40 (1.23%) |
| Ex-Dividend Date | Aug 12, 2024 |
| 1y Target Est | 43.78 |
BloombergAlcoa to Get $1.1 Billion for Stakes in Saudi Aluminum Plants
(Bloomberg) -- Alcoa Corp. will receive $1.1 billion in cash and stock in Saudi Arabian Mining Co. as part of a deal that will involve the Pittsburgh-based firm selling its stake in two metals plants in northern Saudi Arabia.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Higher Than EverA City Finds Success Using 'Trees as Medicine'The Hague Is World’s Fi
ReutersAlcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion
The transaction includes approximately 86 million shares of Ma’aden and $150 million in cash, Alcoa said in a statement, adding that it expects to close the deal in the first half of 2025. "The transaction simplifies our portfolio, enhances visibility in the value of our investment in Saudi Arabia and provides greater financial flexibility for Alcoa," Alcoa CEO William Oplinger said. Alcoa said it would hold its Ma'aden shares for a minimum of three years.
Business WireAlcoa Announces Agreement to Sell its 25.1% Stake in Ma’aden Joint Venture to Ma’aden
PITTSBURGH, September 15, 2024--Alcoa (NYSE: AA, ASX: AAI) ("Alcoa" or the "Company") announced today that it has entered into a binding share purchase and subscription agreement (the "Agreement") with Saudi Arabian Mining Company ("Ma’aden"), under which Alcoa will sell its full ownership interest of 25.1% in the Ma’aden Joint Venture to Ma’aden for approximately $1.1 billion. The transaction consideration comprises approximately 86 million shares of Ma’aden (valued at ?$950 million based on th
