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ALCO Alico

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29.020
-0.370-1.26%

Close Apr 7 16:00 ET

29.020
0.0000.00%

Post 16:05 ET

221.64MMarket Cap-4.89P/E (TTM)

Alico Stock Forum

Jessica Amir

Mar 12, 2024 10:58

Alumina shares surge 8% on Alcoa agreeing to takeover the ASX junior player. This is the tip of the iceberg with Aussie M&As picking up

US aluminum producer Alcoa Co $Alico (ALCO.US)$ entered into a binding agreement to takeover its long term JV partnerAlumina $Alumina Ltd (AWC.AU)$, for $2.2 billion to consolidate its ownership of its key upstream assets. Why? Well Alcoa sees long-term demand rising for the metal.
Today's news sent the ASX stock $Alumina Ltd (AWC.AU)$ roaring up 8%. But now it appe...