Alcoa Shares Drop Nearly 5% After $5.6 Billion South32 Deal
Alcoa NYSE:AA has agreed to acquire South32's bauxite, alumina and aluminum assets in a deal valued at up to $5.6 billion, strengthening its position as one of the world's largest integrated aluminum producers. The transaction includes $3.1 billion in cash, about $1 billion in Alcoa shares, and $75…