Business News

Alcoa Notified of Hart Scott Rodino Filing by Highfields Capital

Tuesday 29. July 2008 - Alcoa (NYSE:AA) today announced it received an official notification on Friday, July 25 2008, that Highfields Capital has filed under the Hart Scott Rodino Act its intention to acquire up to approximately eight percent of Alcoa's common shares, inclusive of the approximately two percent of Alcoa’s common shares Highfields’ affiliated funds already own.

“In the course of our meetings with major investors, we have met with the senior management of Highfields and believe we understand their views,” said Alcoa Chief Executive Officer, Klaus Kleinfeld. “We are committed to generating shareholder value and have a detailed plan in place to deliver profitable growth, leverage the Alcoa advantage, and execute in a disciplined and rigorous manner.”