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.
Wachtell-advised aluminum sheet and plate provider Arconic Corp. said Thursday it will become a private company after agreeing to be bought by funds managed by Paul Weiss-led Apollo Global Management in an all-cash transaction that values the company at about $5.2 billion.