North Shore-based aerospace parts maker Arconic finalized its acquisition by private-equity firm Apollo Global Management, Inc. The $5.2 billion deal, which will take the company private, was announced in May. Arconic will continue to operate under its name and brand. “The closing of this transaction with Apollo Funds brings new
Operator: Good afternoon, and welcome to the Alcoa Corporation Second Quarter 2023 Earnings Presentation and Conference Call. [Operator Instructions] Please note this event is being recorded.
Upper Burrell planners are recommending approval for a proposed building addition at the Alcoa Technical Center. The township’s planning commission issued the recommendation at its meeting Tuesday. According to township documents, Alcoa Technical Center intends to add the approximately 5,100-square-foot building for equipment storage at the research complex at 859
North Shore-based aerospace parts maker Arconic is being purchased by private-equity firm Apollo Global Management Inc., the company announced Thursday. The cash transaction values Arconic at an enterprise value of about $5.2 billion, according to a press release from the company. Under the agreement, Arconic shareholders will receive $30 per
Arconic Corp, the North Shore-based aerospace-parts maker with roots in the Allegheny Valley, is in talks about a potential acquisition. The Wall Street Journal reported that private-equity firm Apollo Global Management Inc. is looking into buying Arconic Corp. Apollo submitted a bid in February and has debt financing in place.