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According to WSJ, Arconic (ARNC) approached by buyout firms

  • July 16, 2018

POTENTIAL DEAL DETAILS

StockArconic Inc.SymbolARNC
Date Announced07/13/2018Source The Wall Street Journal
TypeNews Report

Aerospace-parts maker Arconic Inc. (ARNC) is the subject of takeover interest from private-equity firms, according to people familiar with the matter.

Update(s):

July 25, 2018: Arconic (ARNC) weighs buyout approaches from Apollo (APO) and Blackstone (BX) -Carlyle (CG) Pairing

August 25, 2018: Arconic (ARNC) is speaking with private equity firms that have shown interest in acquiring the company, including a consortium of Blackstone Group LP (BX) and Carlyle Group LP (CG) , another consortium of KKR & Co and Onex Corp, as well as Apollo Global Management LLC (APO), the sources said on Friday.

October 07, 2018: Blackstone Group LP (BX), Carlyle Group LP (CG), Onex Corp and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic Inc (ARNC), according to people familiar with the matter.

October 23, 2018: Aluminum products maker Arconic Inc’s (ARNC) board of directors is mulling an $11 billion acquisition offer it received last Friday from buyout firm Apollo Global Management LLC (APO), according to people familiar with the matter.

October 31, 2018: Private equity firm Apollo Global Management LLC (APO) is in advanced negotiations to acquire U.S. aluminum products maker Arconic Inc (ARNC) for more than $11 billion, people familiar with the matter said on Tuesday.

December 03, 2018: Apollo Global Management LLC (APO) is the leading bidder to take aerospace manufacturer Arconic Inc. private after a months-long sale process, according to people familiar with the matter

January 02, 2019: Apollo Global Management LLC (APO) is in talks to buy Arconic Inc. (ARNC) for about $22 a share in a deal that could be reached by mid-January, according to people familiar with the matter.

January 15, 2019: Private-equity firm Apollo Global Management LLC (APO) is nearing a deal to buy Arconic Inc. (ARNC) for more than $10 billion, ending months of negotiation over what would be one of the largest leveraged buyouts in recent years.

January 22, 2019:Arconic (ARNC) shares fell 25 percent on Tuesday after the aluminum products maker said it was no longer pursuing a sale of the company, following reports that it was in talks with Apollo Global Management LLC (APO) to sell itself for more than $10 billion.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.