Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Jan 8 3:59 PM EST

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To: richardred who wrote (4944)	7/26/2018 9:34:03 AM
From: richardred	of 7255

Arconic weighs buyout approaches from private-equity firms: WSJ (Reuters) - Aluminum products maker Arconic Inc is weighing takeover approaches from at least two private-equity groups, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company’s shares rose 13 percent to $21.75 in after-market trading. Blackstone Group and Carlyle Group have made a joint approach to the aerospace-parts maker, while Apollo Global Management has also expressed interest, according to the report on.wsj.com/2NK2fVu. The two competing groups have indicated a willingness to pay a per-share price in the mid-$20s, the Journal reported. Arconic’s board plans to discuss the possibility of a sale at a meeting on Thursday, according to the report. Arconic, which had a market value of $9.30 billion as Wednesday’s close, declined to comment. reuters.com

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