Arconic to be acquired by apollo funds

Pittsburgh--(business wire)--arconic corporation (nyse: arnc) (“arconic” or the “company”) announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of apollo global management, inc. (nyse: apo) (“apollo”), in an all-cash transaction that values the company at an enterprise value of approximately $5.2 billion. the transaction includes a minority investment from funds managed by affiliates of irenic capital management (“irenic”). the agreement.
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