Alcoa (AA) Board Approves Company Separation (ARNC)
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Alcoa Inc. Board of Directors Approves Separation of Company
September 29, 2016 4:40 PM EDTSeparation Date to be November 1, 2016
Distribution Ratio of Alcoa Corporation Common Stock Set
NEW YORK--(BUSINESS WIRE)-- Alcoa Inc. (NYSE: AA) announced today that its Board of Directors has approved the completion of the Companys separation into two independent, publicly-traded companies. Arconic will be a leading global provider of high-performance materials and engineered products to the aerospace, automotive and other growth industries, positioned for profitable growth. Alcoa Corporation will be a globally-competitive industry leader in bauxite, alumina and aluminum products, positioned to succeed... More
