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ARNC.US
id: 699
Arconic (ARNC) M&A Case
S.D. New York
Court1:23-cv-05167
Case numberOn 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
Voluntary Dismissed
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
05/04/2023