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Alumina Ltd

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Alumina: Takeover Bid From Alcoa

Alcoa World Alumina and Chemicals' joint venture partner Alcoa has launched a scrip takeover offer for Alumina. Consideration is 0.02854 Alcoa shares for each Alumina share, representing a 13.1% premium to Alumina’s immediately preceding share price of AUD 1.02, or a 19.5% premium based on the average 12-month exchange ratio.

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