Alcoa Announces Strategic Acquisition Of South32’S Bauxite, Alumina, And Aluminum Assets For $4.1 Billion

Alcoa Corp NYSE:AA:

• ALCOA ANNOUNCES STRATEGIC ACQUISITION OF SOUTH32’S BAUXITE, ALUMINA, AND ALUMINUM ASSETS FOR $4.1 BILLION

• ALCOA CORP - TO BUY SOUTH32'S BAUXITE, ALUMINA, AND ALUMINUM ASSETS FOR $4.1 BILLION

• ALCOA CORP - DEAL IMPLIES ENTERPRISE VALUE OF ABOUT $4.7 BILLION

• ALCOA CORP - TO PAY $3.1 BILLION CASH AND 17 MILLION NEW SHARES VALUED AT $1 BILLION

• ALCOA CORP - DEAL EXPECTED TO GENERATE $900 MILLION IN NET PRESENT VALUE SYNERGIES

• ALCOA CORP: DEAL EXPECTED TO BE ACCRETIVE TO ALCOA'S EARNINGS PER SHARE AND FREE CASH FLOW IMMEDIATELY FOLLOWING CLOSING

• ALCOA CORP: SOUTH32 MAY RECEIVE UP TO $750 MILLION IN AGGREGATE ACCORDING TO TERMS OF A CVR

• ALCOA CORP: SECURED FULLY COMMITTED FINANCING FOR TRANSACTION IN FORM OF AN INITIAL $3.1 BILLION BRIDGE COMMITMENT