"...incorporating the downstream into the JV, convincing the board all within 20 odd days, is this doable..."
I find it hard to believe that Alcoa weren't aware of downstream value-add opportunities being explored by FYI throughout the JV negotiation process. An extension of the exclusivity period to further consider these opportunities is not surprising.
Ann: Mutual Extension to Potential HPA JV Exclusivity Agreement, page-299
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