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ARNC - Reuters: Large P-E consortium forms in bid to acquire Arconic
Arconic Inc.
Arconic (NYSE:ARNC) +4.2% pre-market after Reuters reports that Blackstone (NYSE:BX), Carlyle (NASDAQ:CG), Onex (OTCPK:ONEXF) and Canada Pension Plan Investment Board have joined forces in a bid to buy the maker of aluminum products, which will decide later this month whether to agree to a sale.
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