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ARNC.US
id: 699

Arconic (ARNC) M&A Case

S.D. New York
Court
1:23-cv-05167
Case number
On May 4, 2023, Arconic Corporation (NYSE: ARNC) announced that it entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) in an all-cash transaction where Arconic shareholders will receive $30.00 per share in cash.

Taking the usual premium paid in such deals into account, Investors of $ARNC may have reasons to suspect that the pricing terms of the M&A transaction with $APO are unfair and the proxy statement in favor of the transaction fails to disclose material information.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
04 May 2023
Collecting participants…

Arconic Corp

Arconic Corporation manufactures and sells fabricated aluminum sheets, plates, extrusions, and architectural products and systems in the United States and internationally. It operates through three...

    Ticker
    ARNC.US
    ISIN
    US03966V1070
    CIK
    0001790982
    Sector
    Industrials
    Industry
    Metal Fabrication
    Country
    USA
    Address
    201 Isabella Street, Pittsburgh, PA, United States, 15212-5872