Alcoa To Acquire RTI International Metals: What it Means For Mutual Fund Investors (AA, RTI)

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Alcoa To Acquire RTI International Metals: What it Means For Mutual Fund Investors (AA, RTI)

Shauna O'Brien

|

Aloca logo in blue
On Morning morning, Alcoa (AA) announced that it will acquire RTI International Metals (RTI). Here’s what the news means for mutual fund investors.

Inside the Deal

Alcoa has agreed to acquire RTI International Metals for $1.5 billion, or $41 per share. The news sent shares of RTI soaring over 40% on Monday morning, while Alcoa shares fell more than 4%. The deal includes $330 million of RTI cash on hand and $517 million in RTI’s convertible notes.

RTI International Metals is a supplier of titanium products, and has companies including Boeing (BA) as customers. About 80% of its business is in the aerospace-defense industry.

Aluminum Prices Are Week, But Alcoa Continues to Diversify

Last week, Alcoa completed its acquisition of titanium and aluminum manufacturer Tital. Today, Alcoa announced an acquisition that will boost its exposure in the aerospace-industry. The aluminum business has been falling, and Alcoa is taking action. Going forward, the company said that it will be more focused on the aerospace and automotive industries.

Mutual Funds to Watch

Investors interested in AA may also be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
VMCIX Vanguard Mid Cap 1.76%
Liquid error: internal Vanguard Total Stock Market 1.67%
FPACX FPA Crescent 1.58%

The Bottom Line

The funds listed above allow investors to gain exposure to Alcoa while remaining diversified. Investors interested in Alcoa may also be interested in Kaiser Aluminum (KALU).

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Aloca logo in blue

Alcoa To Acquire RTI International Metals: What it Means For Mutual Fund Investors (AA, RTI)

Shauna O'Brien

|

On Morning morning, Alcoa (AA) announced that it will acquire RTI International Metals (RTI). Here’s what the news means for mutual fund investors.

Inside the Deal

Alcoa has agreed to acquire RTI International Metals for $1.5 billion, or $41 per share. The news sent shares of RTI soaring over 40% on Monday morning, while Alcoa shares fell more than 4%. The deal includes $330 million of RTI cash on hand and $517 million in RTI’s convertible notes.

RTI International Metals is a supplier of titanium products, and has companies including Boeing (BA) as customers. About 80% of its business is in the aerospace-defense industry.

Aluminum Prices Are Week, But Alcoa Continues to Diversify

Last week, Alcoa completed its acquisition of titanium and aluminum manufacturer Tital. Today, Alcoa announced an acquisition that will boost its exposure in the aerospace-industry. The aluminum business has been falling, and Alcoa is taking action. Going forward, the company said that it will be more focused on the aerospace and automotive industries.

Mutual Funds to Watch

Investors interested in AA may also be interested in the funds listed below. These funds currently have the largest stakes in the company.
Symbol Mutual Fund Stake
VMCIX Vanguard Mid Cap 1.76%
Liquid error: internal Vanguard Total Stock Market 1.67%
FPACX FPA Crescent 1.58%

The Bottom Line

The funds listed above allow investors to gain exposure to Alcoa while remaining diversified. Investors interested in Alcoa may also be interested in Kaiser Aluminum (KALU).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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