Deals
Alcoa to Acquire Aerospace Parts Maker for $2.85 Billion
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Alcoa Inc., the largest U.S. aluminum producer, agreed to buy U.K. aerospace-components maker Firth Rixson Ltd. for about $2.85 billion in stock and cash as it expands further into downstream manufacturing.
Alcoa will pay $2.35 billion in cash and $500 million in stock for Firth Rixson, which is owned by private-equity firm Oak Hill Capital Partners LP, the New York-based aluminum company said today in a statement, confirming an earlier report from Bloomberg News.