Key Developments: Alcoa Inc (AA)

AA on New York Consolidated

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22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Alcoa approves quarterly dividends
Friday, 25 Jul 2014 12:45pm EDT 

Alcoa Inc:Declares a quarterly common stock dividend of 3 cents per share.Payable Aug. 25 to shareholders of record on Aug. 8.Declares a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock.Payable Oct. 1 to shareholders of record on Sept. 12.  Full Article

Alcoa Inc announces supply agreement with Pratt & Whitney
Monday, 14 Jul 2014 07:00am EDT 

Alcoa Inc:Says 10-year, $1.1 bln agreement with Pratt & Whitney, a division of United Technologies Corp for jet engine components.Under the deal signed at Farnborough Air Show, Alcoa will supply key parts for Pratt & Whitney's engines, including forging for aluminum fan blade for jet engines.Says forging was developed for Pratt & Whitney's PurePower engines using an advanced aluminum alloy and a proprietary manufacturing process.  Full Article

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.  Full Article

Alcoa Inc to acquire Firth Rixson from Oak Hill Capital Partners
Thursday, 26 Jun 2014 07:00am EDT 

Alcoa Inc:Signs definitive agreement to acquire Firth Rixson from Oak Hill Capital Partners, for $2.85 bln in cash and stock.Under the terms of the deal, Alcoa will purchase Firth Rixson for $2.35 bln in cash, plus $500 mln of company stock and an additional $150 mln potential earn-out.  Full Article

Alcoa Inc declares quarterly dividend
Thursday, 1 May 2014 07:15pm EDT 

Alcoa Inc:Declared quarterly common stock dividend of 3 cents per share payable May 27, 2014.Payable to shareholders of record at the close of business on May 12.Says quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock payable July 1 to shareholders of record at the close of business on June 13.  Full Article

Alcoa Inc to close Point Henry Aluminum Smelter and Rolling Mills in Australia
Monday, 17 Feb 2014 07:00pm EST 

Alcoa Inc:Says it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia.Says the smelter and an adjacent rolling mill are located in Geelong, Victoria.Says the second mill and a recycling facility are located in Yennora, New South Wales.Says the smelter will close in August and the rolling mills by the end of 2014.  Full Article

Alcoa Inc to close Point Henry Aluminum Smelter and Rolling Mills in Australia
Monday, 17 Feb 2014 05:00pm EST 

Alcoa Inc:Says it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia.The smelter and an adjacent rolling mill are located in Geelong, Victoria.Second mill and a recycling facility are located in Yennora, New South Wales.Says smelter will close in August and the rolling mills by the end of 2014.Point Henry smelter was placed under strategic review in February 2012 due to challenging market conditions.  Full Article

Alcoa Inc approves quarterly dividends
Friday, 17 Jan 2014 11:16am EST 

Alcoa Inc:Declares a quarterly common stock dividend of $0.03 per share payable Feb. 25 to shareholders of record at the close of business on Feb. 7.Declares a quarterly dividend of $0.9375 per share on Alcoa's $3.75 cumulative preferred stock payable Apr. 1 to shareholders of record at the close of business on Mar. 14.  Full Article

Alcoa Inc to close facility in New York-Reuters
Wednesday, 15 Jan 2014 04:25pm EST 

Alcoa Inc:Says it plans to permanently close the two potlines at its Massena East smelter in Massena, New York-Reuters.Says the lines are not competitive.Says the move will cut Alcoa's smelting capacity by 84,000 tonnes.Says its Massena West facility is not affected.  Full Article

Alcoa Inc resolves Alba matter with U.S. government
Thursday, 9 Jan 2014 04:31pm EST 

Alcoa Inc:Says the resolution of the investigations by the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) regarding certain legacy alumina contracts with Aluminium Bahrain B.S.C. (Alba).Says the settlement with the DOJ was reached with Alcoa World Alumina LLC (AWA).Says AWA is a company within Alcoa World Alumina and Chemicals (AWAC), the unincorporated bauxite mining and alumina refining venture between Alcoa Inc. and Alumina Limited.Says as part of the DOJ resolution, subject to final court approval later today, AWA will pay a total of $223 mln, including a fine of $209 mln payable in five equal installments over four years.Says the first installment of $41.8 mln, plus a one-time administrative forfeiture of $14 mln, will be paid in the first quarter of 2014, and the remaining installments of $41.8 mln each will be paid in the first quarters of 2015-2018.Says the $223 mln amount is within the range previously disclosed by Alcoa Inc. Says during the second quarter of 2013, Alcoa recorded a $103 mln charge for the DOJ investigation.Says it also settled civil charges filed by the SEC in an administrative proceeding relating to the anti-bribery, internal controls, and books and records provisions of the FCPA.Says under the terms of the settlement with the SEC, Alcoa Inc. agreed to a settlement amount of $175 mln, but will be given credit for the $14 mln one-time forfeiture payment.  Full Article

UPDATE 1-Rusal indicates record $460 premium for Oct-Dec aluminium to Japan-sources

TOKYO, Aug 21 - United Company Rusal Plc , the world's biggest aluminium producer, has kicked off talks with Japanese buyers at a record high premium of $460 per tonne for October-December shipments of the metal, according to three sources.

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