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Alcoa to buy RTI International Metals in deal valued at $1.5 billion

( March 9, 2015, 23:35 GMT | Official Statement) -- MLex Summary: Alcoa said Monday it would acquire RTI International Metals, a supplier of titanium and specialty metal products for the aerospace, defense and energy industries, in a deal valued at $1.5 billion. The companies expect to obtain all regulatory approvals to close the transaction in three to six months. Both companies are traded on the New York Stock Exchange.Statement follows in full....

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