(MENAFN) US aluminum giant Alcoa is expanding its aerospace business with the USD2.85 billion cash-and-stock acquisition of Firth Rixson, a leading British manufacturer of jet engine components, according to Arab New
Alcoa said it had signed a definitive agreement to buy Firth Rixson from Oak Hill Capital Partners, a US-based private equity fir
Alcoa will pay USD2.35 billion in cash and USD500 million in common stock for Firth Rixson. It will add USD150 million to the deal if the company meets certain performance targets
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.