Alcoa to purchase Firth Rixson
US aluminium giant Alcoa is to buy British aircraft components maker Firth Rixson for $2.85bn (£1.7bn).The New York-based firm will pay $2.35bn in cash and $500m in shares for Firth Rixson, which produces jet engine parts such as turbine and compressor cases.
Alcoa will add $150m to the deal if the company meets agreed performance... [Read More]
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