Key Developments: Alcoa Inc (AA_p.A)

AA_p.A on American Stock Exchange

86.40USD
23 Sep 2014
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$-0.50 (-0.58%)
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Latest Key Developments (Source: Significant Developments)

Alcoa Inc announces pricing of public offering of mandatory convertible preferred stock
Wednesday, 17 Sep 2014 06:58pm EDT 

Alcoa Inc:Says pricing of its public offering of 25,000,000 of its depositary shares at $50 per depositary share.Each depositary share represents a 1/10th interest in a share of Alcoa’s 5.375 pct Class B Mandatory Convertible Preferred Stock, Series 1, par value $1.00 per share.Each share of mandatory convertible preferred stock has a liquidation preference of $500 (equivalent to $50 per depositary share).The underwriters of the offering have an option to purchase up to an additional 3,750,000 depositary shares to cover over-allotments.The offering is expected to close on Sep. 22.Net proceeds from this offering, after deducting underwriting discount and commissions and estimated offering expenses, are expected to be about $1.2 bln.If the underwriters exercise their over-allotment option in full, net proceeds are expected to be about $1.4 bln.Intends to use the net proceeds of the offering, if completed, as partial consideration to finance the previously announced proposed acquisition of the Firth Rixson business and to pay related fees and expenses.Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering.Citigroup Global Markets Inc., Goldman, Sachs & Co., and J.P. Morgan Securities LLC are acting as bookrunning managers for the offering.  Full Article

Alcoa Inc announces pricing of notes offering
Wednesday, 17 Sep 2014 04:01pm EDT 

Alcoa Inc:Announces that it has priced its underwritten public offering of $1,250,000,000 aggregate principal amount of its 5.125 pct Notes due 2024.Offering is expected to close on Sept. 22, subject to customary closing conditions.Net proceeds from this offering, after deducting underwriting discount and commissions and estimated offering expenses, are expected to be about $1.2 billion.Intends to use the net proceeds from the offering, to finance the previously announced proposed acquisition of the Firth Rixson business and to pay related fees and expenses.Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering.Citigroup Global Markets Inc., Goldman, Sachs & Co., and J.P. Morgan Securities LLC are acting as book-running managers for the offering.  Full Article

Alcoa Inc announces pricing of public offering of mandatory convertible preferred stock
Tuesday, 16 Sep 2014 09:07pm EDT 

Alcoa Inc:Prices public offering of 25,000,000 of its depositary shares at $50 per depositary share.Each Depositary Share represents 1/10th interest in share of Alcoa's 5.375 pct. Class B mandatory convertible preferred stock, series 1, par value $1.00 per share.Each share of mandatory convertible preferred stock has liquidation preference of $500 (equivalent to $50 per Depositary Share).n addition, underwriters of offering have option to purchase up to additional 3,750,000 depositary shares to cover over-allotments, if any.Offering is expected to close on Sept. 22.Net proceeds from this offering, after deducting underwriting discount and commissions and estimated offering expenses, are expected to be about $1.2 bln.If underwriters exercise their over-allotment option in full, net proceeds are expected to be about $1.4 bln.Intends to use net proceeds of the offering, if completed, as partial consideration to finance previously announced proposed acquisition of Firth Rixson business and to pay related fees and expenses.Completion of offering is not contingent on completion of acquisition.Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting joint book-running managers of offering.Citigroup Global Markets Inc., Goldman, Sachs & Co., and J.P. Morgan Securities LLC are acting book-running managers for offering.  Full Article

Alcoa Inc announces proposed public offering of mandatory convertible preferred stock
Monday, 15 Sep 2014 04:14pm EDT 

Alcoa Inc:Commences underwritten public offering of 25,000,000 of its depositary shares.Each Depositary Share represents a 1/10th interest in a share of Alcoa's Class B Mandatory Convertible Preferred Stock, Series 1, par value $1.00 per share, $500 liquidation preference per share of Mandatory Convertible Preferred Stock.Intends to use the net proceeds of the offering, if completed, as partial consideration to finance the previously announced proposed acquisition of the Firth Rixson business and to pay related fees and expenses.Completion of the offering is not contingent on the completion of the acquisition.Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers of the offering.  Full Article

Alcoa signs multiyear supply contract with Boeing valued at more than $1 bln
Thursday, 11 Sep 2014 09:00am EDT 

Alcoa Inc:Signs contract with Boeing to supply aluminum sheet and plate products.Multiyear, more than $1 bln contract, makes Alcoa sole supplier to Boeing for wing skins on metallic structure aircraft.Alcoa plate products, such as wing ribs and skins, will also be on every Boeing platform.Boeing next-generation 737, shown here, is one of world's most successful commercial airliners and features Alcoa aluminum.  Full Article

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

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