RTI shareholders will receive 2.8315 Alcoa shares for each RTI share, representing a value of $41 per RTI share based on Alcoa's closing price on March 6. The transaction has an enterprise value of $1.5 billion, including $330 million of RTI cash on hand and up to $517 million in RTI's convertible notes. RTI International Metals is a producer and global supplier of advanced titanium mill products and a manufacturer of fabricated titanium and specialty metal components for the national and international aerospace, defense, energy, medical device, and other consumer and industrial markets. Shares of Alcoa are up 0.14% to $14.50 in pre-market trading. Separately, TheStreet Ratings team rates RTI INTL METALS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate RTI INTL METALS INC (RTI) a BUY.