Seems very hasty
From today's ann
"The sale is expected to close in early April. The Company expects to recognize a gain in connection with the sale of between $10 million and $15 million, after-tax and non-controlling interest, or $0.01 per share. Alcoa of Australia expects the net cash impact of the transaction, after estimated fees and taxes, will be approximately US$115 million"
Anyway, we will see.
srm777
AWC Price at posting:
$1.31 Sentiment: None Disclosure: Not Held