PITTSBURGH, August 25, 2023--Arconic Corporation (NYSE:ARNC) ("Arconic" or the "Company") announced today that Chris Ayers will become Chief Executive Officer and Chair of the Board of Arconic, effective September 11, 2023. Ayers has served on Arconic’s Board of Directors for the past seven years and held several executive positions in key businesses within the Company’s predecessor, Alcoa, prior to his board role. Current Arconic CEO Tim Myers will continue to serve in an advisory capacity as A

One of Pittsburgh's largest manufacturers is no longer publicly traded. Arconic Corp., an aluminum company born in 2017 out of the split of Pittsburgh mainstay Alcoa, announced Friday that its acquisition by Apollo Funds has been completed. Shareholders had approved the $5.2 billion deal — $30 a share of Arconic — in late July.

PITTSBURGH & NEW YORK, August 18, 2023--Arconic Corporation ("Arconic" or the "Company") and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management ("Irenic"). The Company will continue to operate under the Arconic name and brand.

Chesapeake Energy Corp. (NASD:CHK) will replace Mercury Systems Inc. (NASD: MRCY) in the S&P MidCap 400, and Mercury Systems will replace Arconic Corp. (NYSE: ARNC) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, August 21. Apollo Global Management Inc. (NYSE:APO) is acquiring Arconic in a deal that is expected to close soon, pending final closing conditions. Mercury Systems is more representative of the small-cap market space.

PITTSBURGH, July 31, 2023--Arconic Corporation (NYSE: ARNC) ("Arconic" or the "Company") today reported second quarter 2023 results. Sales were $2.0 billion, down 22% year over year due to lower aluminum prices and the divestiture of Russian Operations and up 1% organically driven by strength in aerospace and ground transportation offset by declines in industrial, packaging, and building and construction. The Company reported net income of $59 million, or $0.58 per share, compared with $114 mill

PITTSBURGH, July 25, 2023--Arconic Corporation (NYSE: ARNC) ("Arconic" or the "Company") announced today that its shareholders have voted at a special meeting of Arconic shareholders (the "Special Meeting") to approve the Company's pending acquisition by funds managed by affiliates of Apollo (NYSE: APO) including a minority investment from funds managed by affiliates of Irenic Capital Management. Under the terms of the merger agreement, Arconic shareholders will receive $30.00 per share in cash

The effective date of the takeover of Arconic Corp. has been narrowed to sometime in the third quarter, according to a filing by the Pittsburgh-based manufacturer. Arconic (NYSE: ARNC) in May reached a definitive agreement with perennial suitor Apollo Global Management Inc. (NYSE: APO) in a $5.2 billion all-cash transaction that will take Arconic private three years after it split from Alcoa. At the time, Alcoa and Apollo had expected a close sometime in the second half of 2023.

When it came time for Arconic Corp. to set out its latest sustainability goals, the Pittsburgh-based aluminum manufacturer was guided by wanting to make sure the targets were real. Earlier this year, Arconic (NYSE: ARNC) announced it would reduce its scope 1, 2 and 3 greenhouse gas emissions 30% by 2030, as well as cut its energy intensity by 10%. This week, the company released its sustainability report that talks about what kinds of things it's done over the past year and how it plans to rea...

PITTSBURGH, June 01, 2023--Leading aluminum sheet, plate, extrusions, and architectural products manufacturer Arconic Corporation (NYSE: ARNC) ("Arconic" or the "Company") announced the details of its 2030 Sustainability Goals along with a campaign that will highlight the Company’s commitment and progress toward its sustainability agenda.

Arconic Corp (NYSE: ARNC) has agreed to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) for $5.2 billion and also reported its first-quarter FY23 results. Arconic shareholders will receive $30.00 per share in cash, a premium of ~36% to its undisturbed closing stock price on February 27, 2023. "This transaction will provide Arconic with the backing of one of the world's premier investment firms and will allow us to leverage Apollo's industry expertise and