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Australia’s Alumina Limited (ASX:AWC) has filed a counter claim against Alcoa (NYSE:AA), which is currently planning a demerger, Mining Weekly reported. As quoted in the publication: Alumina said on Monday that its counterclaim sought court declarations to prevent Alcoa from taking further steps in its separation plan, announced in September, without complying with certain obligations …
Australia’s Alumina Limited (ASX:AWC) has filed a counter claim against Alcoa (NYSE:AA), which is currently planning a demerger, Mining Weekly reported.
As quoted in the publication:
Alumina said on Monday that its counterclaim sought court declarations to prevent Alcoa from taking further steps in its separation plan, announced in September, without complying with certain obligations under the AWAC agreements.
The counterclaim also sought to stop the US group from receiving offers to acquire its interest in the various AWAC companies, citing Alumina’s ‘first option rights’.
