Jun
28
Alcoa Investors Looking for More Answers to $13 Billion Question
By-
Company is scheduled to release statement before trading Wed.
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CEO plans to secure approvals, financing for split by yearend
Alcoa Inc. investors are hoping for more detail Wednesday on how the biggest U.S. aluminum producer will divide about $13 billion of liabilities as it prepares to split itself into two.
The question of how Alcoa’s more than $8 billion in debt and $5 billion in pension liabilities will be split among the companies is key to determining the value of the spin-offs. That will show whether Chief Executive Officer Klaus Kleinfeld can achieve his target of an investment-grade manufacturing company, renamed Arconic, and a viable aluminum-producing company retaining the Alcoa name…
Alcoa Investors Looking for More Answers to $13 Billion Question
