Tagged ARNC

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Arconic to Potentially Spin Off Unit

NEW YORK–(BUSINESS WIRE)–Arconic Inc. (NYSE: ARNC) today reported fourth quarter 2018 and full year 2018 results. Arconic Chairman and Chief Executive Officer John Plant said, “Having been a Director of Arconic since 2016 and Chairman of the Board since 2017, I have a historical perspective of the Company and understand what we can achieve. I…

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Elliott Calls Alcoa Spin Dramatically Undervalued

Item 4. Purpose of Transaction. Item 4 is hereby amended to add the following: This Schedule 13D is being amended as a result of an increase in the Reporting Persons’ combined economic exposure from approximately 7.5% to approximately 9.0%. The Reporting Persons believe that following the recently completed separation, the Issuer’s shares are dramatically undervalued…