ALCOA Inc. (AA)

[nowwhat2]

On what date was Alcoa's restructuring initiated I wonder .....*See below for details

Can't call up Arconic ARNC at Bigcharts, here (ADFN) or at stockcharts.com........LoL !

Looks like t'was initiated about 5 ? days before reporting.....?

What happens to the companys' DOW component status ?

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This from 3 ? months ago :

Alcoa will split its less-promising businesses into a company that would keep the Alcoa name


Alcoa Inc. provided further details Wednesday of its plans to separate its more-profitable assets focused on the aerospace and automobile industries from its less-promising mining, refining and smelting business, which has been dragged down by the commodities bust.

Alcoa AA, +0.06% said it would spin off the less-promising businesses into a company that would keep the Alcoa name and seek to continue trading under the stock symbol “AA” on the New York Stock Exchange.

The parent company will keep the businesses that make multimaterial products serving the aerospace, automotive, transportation, and building and construction markets, such as commercial vehicle wheels and jet gas turbine airfoils. The existing publicly traded company will be renamed Arconic and change its ticker symbol to “ARNC.”

Alcoa announced its plans to split in September; Wednesday, Alcoa filed the initial separation form with the Securities and Exchange Commission that officially begins the process. Alcoa didn’t say when the split would occur, other than it was on track for the second half of this year.

The company said that at least 80.1% of the spun-off company will be distributed to shareholders and that about 19.9% of the spun-off smelting business will be owned by Arconic.

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THIS FROM OCTOBER 4th :



3 DAYS LATER :




So during sometime between October 4th and the 8th (they'll report after closing on October 10th),
they snuck in this weird little restructuring.

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