 FOOTHILL RANCH, Calif., Nov. 30, 2020 GLOBE NEWSWIRE -- Kaiser Aluminum Corporation NASDAQ:KALU, today announced that it has entered into a definitive agreement to purchase Alcoa Warrick LLC, containing all the assets of the Warrick Rolling Mill Warrick, from Alcoa Corporation Alcoa for a purchase price of 670 million at an implied multiple of approximately seven times adjusted EBITDA as of the last twelve months ended September 30, 2020. Alcoa will retain ownership of the related smelting assets, power plant, and land. As part of the transaction, Kaiser Aluminum will enter into a market based molten aluminum supply agreement, and a long-term ground lease that includes provisions for utility services, and will have customary transition services. 