Arconic no longer considering sale, shares slide

Arconic no longer considering sale, shares slide

Aluminum giant Arconic’s shares fell Tuesday after the company said it was abandoning talks to sell itself. The company had been nearing a deal to sell itself to Apollo Global Management, the buyout firm owned by billionaire Leon Black. Reports indicate Apollo’s bid fell short of the $23 a share that was sought by Arconic’s board of directors.

KCooper
KCooper
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