Alcoa Completes Merger with Reynolds Metals
July 10, 2000
The U.S. Department of Justice and the European Union have approved the proposed merger between Alcoa Inc., Pittsburgh, PA, and Reynolds Metal Com-pany, Richmond, VA, and the merger has been completed. Under the terms of a consent decree, Alcoa will sell a 25% interest in Reynolds' Longview, Washington aluminum smelter, as well as Reynolds' interest in three aluminum refineries. Three of the four global business units of Reynolds will be fully merged with Alcoa.