ARNC News and Press, Arconic Inc. From 04/26/23

Effective May 1, 2023, Vagner Finelli will join Howmet Aerospace (NYSE:HWM) as President, Howmet Fastening Systems (HFS) . In this role, Vagner will have responsibility for all HFS employees and locations globally. Vagner will be based in Torrance, CA, and will report directly to John Pla...

2023-04-14 11:04:17 ET Summary Arconic has recently attracted acquisition interests from a number of private equity firms, including Apollo Global Management, Carlyle Group, and Lone Star Funds. Meanwhile, activist investor Sachem Head has accumulated a position and is pushing for...

2023-04-12 09:10:43 ET Apollo Global Management ( NYSE: APO ) said Wednesday that it achieved over $1B in diverse spending across its funds' private equity portfolio with an emphasis on minority- and women-owned suppliers. As part of Apollo's ( APO ) Supplier Diversity...

Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2023 financial results on Tuesday, May 2, 2023. The press release and presentation materials will be available at approximately 7:00 AM ET on May 2, 2023, via the “Investors” section of the Howmet Aerospace website. A ...

2023-03-31 12:42:56 ET Activist invest Sachem Head has taken a stake in Arconic ( NYSE: ARNC ) and is pushing the aluminum maker to continue with a process to sell itself. Sachem Head, run by Scott Ferguson, has amassed its stake in Arconic ( ARNC ) in recent weeks, acco...

2023-03-30 13:38:39 ET Apollo Global ( APO ) is said considering offering as much as $2.78 billion for Arconic ( NYSE: ARNC ). The private equity firm is evaluating making an offer of around $27 or $28 a share by early April, according to traders who cited a Bloomberg re...

2023-03-29 12:25:15 ET Arconic ( NYSE: ARNC ) rose 1.6% amid a report that private equity firms Carlyle Group ( CG ) and Lone Star Funds have joined Apollo Global ( APO ) in the sales process for the company. At least two other parties are also in the sales proce...

2023-03-04 12:35:01 ET The week ending March 3 saw the Industrial Select Sector among gains ( XLI ) ( +3.35% ). ISM Manufacturing improved marginally in February, though less than forecasted. Meanwhile, PMI Manufacturing came below consensus for February. X...

Shares of Arconic (NYSE: ARNC) skyrocketed this week and were trading 26.4% higher as of 11:30 a.m. Friday, according to data provided by S&P Global Market Intelligence . Arconic produces aluminum products for various industries, including aerospace, automotive, defense, c...

Arconic Corp ( NYSE: ARNC ) jumped 20% on a report that private equity firm Apollo Global ( APO ) is in discussions to purchase the aerospace-parts maker. Apollo ( APO ) submitted this month and has debt financing in place, according to a WSJ report , which cited peopl...