Mon, Mar. 9, 7:19 AM
- Alcoa (NYSE:AA) has agreed to acquire RTI International (NYSE:RTI) in a stock-for-stock transaction with an enterprise value of $1.5B.
- RTI shareholders will receive 2.8315 Alcoa shares for each RTI share, representing a value of $41 per RTI share based on Alcoa’s closing price on March 6.
- The acquisition is expected to contribute $1.2B in revenues in 2019, up from $794M generated in 2014; RTI’s profitability is expected to reach 25% EBITDA margin in 2019, up from 14.5% in 2014.
- RTI will also grow Alcoa's pro forma 2014 annual aerospace revenues by 13%, up from $5B to $5.6B.
- AA +1.4%; RTI +28.3% premarket
Jan. 10, 2012, 1:42 PM
RTI International Metals Inc is engaged in producing and supplying titanium mill products. It also manufactures titanium & specialty metal components for international aerospace, defense, energy, medical device, & other consumer and industrial markets.
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