Tag: Full
Earnings call: Alcoa plans full acquisition of Alumina Limited
Alcoa Corporation (NYSE: NYSE:AA) has announced its intentions to acquire Alumina (OTC:AWCMY) Limited, aiming for full ownership of the Alcoa World Alumina and Chemicals joint venture. The proposed all-stock deal, valued at approximately $2.2 billion, would see Alumina Limited shareholders owning 31.25% of the combined entity, with Alcoa shareholders holding the remaining 68.75%. The transaction is expected to close in Q3 2024, subject to shareholder and regulatory approvals.
Tesla cuts Full Self-Driving subscription prices in US, Canada
(Reuters) -Elon Musk\’s Tesla (NASDAQ:TSLA) said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United States and Canada, as it seeks to drive adoption amid softening demand and price competition.