Alcoa and Reynolds Metals Extend DOJ Review.Business Editors PITTSBURGH, Pa. and RICHMOND, Va.--(BUSINESS WIRE)--May 1, 2000 Alcoa Inc. and Reynolds Metals Company today announced that they have extended the previously agreed period for the DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. Antitrust Division's review of the proposed merger to May 8, 2000, subject to earlier resolution by the Antitrust Division. As previously reported, the pending merger is subject to review in other jurisdictions, including the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , where a final determination must be made no later than May 10. Reynolds shareholders approved the merger on February 11. Alcoa and Reynolds initially announced a definitive merger agreement August 19, 1999. Under the terms of the agreement, Alcoa will acquire all outstanding shares of Reynolds in a tax-free, stock-for-stock transaction. Reynolds shareholders will receive 1.06 shares of Alcoa common stock for each share of Reynolds common stock. Alcoa: (NYSE NYSE See: New York Stock Exchange :AA) Reynolds: (NYSE:RLM RLM Receiver-Driven Layered Multicast RLM Redundant Link Manager (Cisco) RLM Release Management (Oracle) RLM Remote Line Module RLM Regression Lineaire Multiple (French, statistics) ) |
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