- Alcoa to buy South32’s bauxite, alumina and aluminum ops in Australia, Brazil and South Africa for up to $5.6B (cash + stock), assumes ~$750M debt; expected close H1 2027.
- UBS maintained a Buy rating on Alcoa Corporation (AA) and lowered its price target from $80 to $68 per share.
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Key facts: Alcoa to Buy South32 Assets for $5.6B; UBS Lowers AA PT
Alcoa to buy South32’s bauxite, alumina and aluminum ops in Australia, Brazil and South Africa for up to $5.6B (cash + stock), assumes ~$750M debt; expected close H1 2027.UBS maint