4 May 2023
Arconic Corporation (NYSE: ARNC) announced that it has 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 that values the company at an enterprise value of approximately $5.2 billion.
According to the agreement, Arconic shareholders will receive $30 per share in cash.
Source: Company’s Press Release