Alcoa Corporation (NYSE:AA) has provided a progress update on its pending acquisition of Alumina, with the transaction expected to close by August 1, 2024.

Key developments in the acquisition process include the filing of a definitive proxy statement with the SEC on June 6 and securing regulatory approvals from authorities in Brazil and Australia.

Alcoa's CEO, William F. (Bill) Oplinger, expressed satisfaction with the advancements, stating, "I am very pleased with the progress our team is making to complete this value-enhancing transaction with Alumina Limited."

Alumina's shareholders are scheduled to vote on the acquisition proposal on July 18.

Alumina shareholders are set to vote on the acquisition on July 18, with final court approval expected on July 22.