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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 21, 2:03 AM

Slide #16. Alcoa Secondary Offering

Company: Alcoa (NYSE:AA)
Date announced: 9/15/2014
Shares Offered: 25,000,000
Secondary Offering Details: Alcoa (NYSE:AA) today announced that it has commenced an underwritten public offering, subject to market and other conditions, of 25,000,000 of its depositary shares ("Depositary Shares") (or up to 28,750,000 Depositary Shares if the underwriters of the offering exercise their over-allotment option in full). Each Depositary Share represents a 1/10th interest in a share of Alcoa's Class B Mandatory Convertible Preferred Stock, Series 1, par value $1.00 per share ("Mandatory Convertible Preferred Stock"), $500 liquidation preference per share of Mandatory Convertible Preferred Stock (equivalent to $50 per Depositary Share).

Alcoa is a producer of aluminum products. Co. has four segments: Alumina, which consists of its refinery system, including the mining of bauxite, which is refined into alumina; Primary Metals, which consists of its smelter system and the sale of aluminum powder, scrap, and excess power, as well as aluminum derivative contracts and buy/resell activity; Global Rolled Products, which is engaged in the production and sale of aluminum plate and sheet; and Engineered Products and Solutions, which includes titanium, aluminum, and super alloy investment castings, fasteners, aluminum wheels, integrated aluminum structural systems, architectural extrusions, and forgings and hard alloy extrusions.

Preferred: AA.PR

Open the AA Page at The Online Investor »

Company Name:  Alcoa, Inc.
Sector:  Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding AA:  85
Total Market Value Held by ETFs:  $1.02B
Total Market Capitalization:  $19.15B
% of Market Cap. Held by ETFs:  5.33%

Open the AA Page at The Online Investor (in a new window) »

September 21, 2014    2:03 AM Eastern
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Buy (2.77 out of 4)
31st percentile
(ranked lower than approx. 69% of all stocks covered)
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