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Alcoa Inc Accelerates acquisition of Firth Rixson


Thursday, 26 Jun 2014 06:30pm EDT 

Alcoa Inc:Says that it has signed a definitive agreement to acquire Firth Rixson for $2.85 billion in cash and stock.Under the terms of the deal Alcoa will purchase Firth Rixson for $2.35 billion in cash plus $500 mln stock and additional $150 mln potential earn out.