Arconic Corporation in its $5.2 billion acquisition by Apollo Global Management and Irenic Capital Management

On May 4th, 2023, Arconic Corporation (NYSE: ARNC) announced that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO), in an all-cash transaction that values Arconic at an enterprise value of approximately $5.2 billion.  The transaction includes a minority investment from funds managed by affiliates of Irenic Capital Management.  Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Arconic.