What will happen to current Alcoa (AA) shares once the company splits into Alcoa and Arconic?

I haven't been able to find any detailed information on what will happen to existing Alcoa Inc. (AA) shares once the company completes its split in November into Alcoa Corp (AA), which will focus on its traditional mining, smelting, and refining business, and Arconic (ARNC), which will focus on engineering parts for the aerospace and automotive industries. All I know is that Alcoa recently completed a 1:3 reverse stock split in preparation for the upcoming company split.

Submitted October 18, 2016 at 11:13PM by burrbro235 http://ift.tt/2e6pME0