Alumina (ASX:AWC), an Australian company, has agreed to a scheme implementation deed with U.S.

aluminum producer, Alcoa.

The deed outlines an all-stock buy-out offer from Alcoa, indicating a significant development in their business relationship.

Alumina is a significant player in the Australian aluminum sector, now set to enter into this strategic agreement with Alcoa.

Alumina (ASX:AWC) is an Australian aluminum production company involved in all stages of aluminum production from mining of bauxite to refining and smelting of aluminum.