Wednesday, June 29, 2016

UPDATE 3-Alcoa spins off smelting business; aero, auto unit now 'Arconic'

CHICAGO, June 29 (Reuters) - Metals company Alcoa Inc

said on Wednesday it will spin off its traditional aluminum

smelting business as part of its planned company split, with up

to 19.9 percent of the new company owned by its business that

serves aerospace and transportation industries.

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