
High performance metals producer Alcoa [AA] on Monday said it has agreed to acquire RTI International Metals [RTI] in a $1.5 billion deal that will expand its titanium and value-added solutions used by the aerospace industry.The $1.5 billion enterprise value of the pending acquisition, which is expected to close in three to six months subject to regulator and RTI shareholder approvals, includes $1.3 billion in new stock issuance, $330 million in cash on hand at RTI, and $517 million in…