Arconic To Go Private In $5.2 Bln Deal With Apollo Funds; Stock Up In Pre Market

Arconic Corp. (ARNC), a provider of aluminum sheet, plate, and extrusions, announced Thursday that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (APO) in an all-cash transaction. The deal values Arconic at an enterprise value of approximately $5.2 billion.

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