Alcoa dumps ASX for NYSE

THE AUSTRALIAN Stock Exchange has indicated it would grant Alcoa’s formally requested approval to be removed from the official list of the ASX, effective market close on October 17, 2016, as long as certain conditions are satisfied.

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Its Australian operations remain important to Alcoa. The ASX, not so much.

Alcoa has been on the ASX official list since 2000, and, as of June 30 this year, the number of Alcoa CHESS Depositary Instruments quoted on the ASX was less than 1% of the company's total issued

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