Isn’t It Arconic, Don’t You Think? Like A Private Equity Bid After Your Spinoff | Value Investing News

Isn’t It Arconic, Don’t You Think? Like A Private Equity Bid After Your Spinoff

Submitted by VINBot on Wed, 2019-01-16 07:51
  • The WSJ is reporting that Arconic (ARNC) is nearing a deal with private equity firm Apollo Global Management (APO) to be taken private.
  • While the exact deal value is unknown right now, estimates peg Arconic’s value at over $10b or between $21 and $22 per share.
  • The price represents a modest premium to recent close, but the name… Read More »
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Isn’t It Arconic, Don’t You Think? Like A Private Equity Bid After Your Spinoff
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