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Arconic Goes Private with Apollo Funds Acquisition
Arconic Corporation, headquartered in Pittsburgh, PA, entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. The all-cash transaction, valued at around $5.2 billion, includes a minority investment from funds managed by affiliates of Irenic Capital Management. Upon completion of the transaction, the company’s shares will no longer trade on the New York Stock Exchange, and Arconic will become a private company. Founded in 2016,…
By Lynn Brown, Long Point Associates. Environmental Product Declaration (EPDs) are essentially an “environmental nutrition label” for a product. But rather…