Alumina agrees to $2.2B all-stock buyout offer from Alcoa (NYSE:AA)

Jeff Swensen/Getty Images News

Alcoa (NYSE:AA) said late Monday it entered into a binding agreement to acquire Alumina Ltd. (OTCQX:AWCMF) (OTCQX:AWCMY) in an all-stock deal on terms consistent with the previously agreed transaction that values the Australian miner at ~$US2.2B.

Under the deal terms, Alumina (OTCQX:AWCMFOTCQX:AWCMYAA

2.2BAgreesAlcoaallstockaluminaBuyoutNYSEAAoffer
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