Alumina Ltd
AWC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$2.73 | Hxpt | Nzdjbsxr |
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.