The scheme of arrangement for the acquisition of Alumina (ASX:AWC) by Alcoa Corporation became legally effective and Alumina's shares will be suspended from close of trading on Tuesday, according to a same-day filing to the Australian bourse.
Scheme implementation is expected August 1. Eligible Alumina shareholders will receive 0.02854 Alcoa shares as of the July 25 record date, the filing stated.
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