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Arconic Inc (ARNC.N)

ARNC.N on New York Stock Exchange

16.96USD
1:33am IST
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Latest Key Developments (Source: Significant Developments)

Arconic Says Board Approved, Adopted Legal Fee Reimbursement Plan
Wednesday, 2 May 2018 

May 1 (Reuters) - Arconic Inc ::ARCONIC - NOTIFIED WELLS FARGO BANK THAT POTENTIAL CHANGE IN CONTROL, AS DEFINED IN SEPT 24, 2007 TRUST AGREEMENT NO LONGER EXISTED AS OF APRIL 13.ARCONIC-NOTIFIED WELLS FARGO BANK, ON APRIL 30, BOARD APPROVED REVOCATION, TERMINATION OF GRANTOR TRUST CREATED PURSUANT TO SEPT 2007 AGREEMENT TERMS.ARCONIC - ON APRIL 30, 2018, THE BOARD APPROVED AND ADOPTED A LEGAL FEE REIMBURSEMENT PLAN - SEC FILING.  Full Article

Arconic Says Updated 2018 Guidance Assumes Current Aluminum Prices Will Hold At These Elevated Levels
Monday, 30 Apr 2018 

April 30 (Reuters) - Arconic Inc ::ARCONIC SAYS REVENUE FOR Q1, WAS UP 8 PERCENT YEAR-OVER-YEAR AS ALUMINUM PRICES ACCOUNTED FOR $109 MILLION OR ABOUT 40 PERCENT OF THE INCREASE - CONF CALL.ARCONIC SAYS UPDATED 2018 GUIDANCE ASSUMES THAT CURRENT ALUMINUM PRICES WILL HOLD AT THESE ELEVATED LEVELS - CONF CALL.ARCONIC SAYS REDUCED GUIDANCE ASSUMES ALUMINUM PRICE AND MIDWEST PREMIUM OF $2,720 PER METRIC TON FOR Q2 THROUGH Q4 AT AVERAGE ALUMINUM PRICE AND MIDWEST PREMIUM OF $2,660 PER METRIC TON - CONF CALL.ARCONIC SAYS BEEN IN ACTIVE DISCUSSIONS WITH VARIOUS DEPARTMENTS OF THE U.S. GOVERNMENT ON THE PROCESS OF SANCTION SUPPLY - CONF CALL.ARCONIC SAYS SOME OF OUR OPERATIONS DOING BUSINESS WITH RUSAL FOR THEIR PRIMARY ALUMINUM SUPPLY ARE OPERATING NORMALLY - CONF CALL.  Full Article

Arconic To Freeze Pension Plans For U.S.-Based Salaried, Non-Bargained Hourly Employees
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Arconic Inc ::ARCONIC TO FREEZE PENSION PLANS FOR U.S.-BASED SALARIED AND NON-BARGAINED HOURLY EMPLOYEES.ARCONIC INC - IN Q1 OF 2018, CO EXPECTS TO RECORD LIABILITY DECREASE OF ABOUT $140 MILLION RELATED TO REDUCTION OF FUTURE BENEFITS.ARCONIC INC - ‍FOR FY 2018, COMPANY EXPECTS PENSION-RELATED EXPENSE TO BE LOWER BY APPROXIMATELY $50 MILLION PRE-TAX COMPARED TO 2017 FULL-YEAR EXPENSES​.ARCONIC INC - ‍RETIREES ALREADY COLLECTING BENEFITS AND FORMER EMPLOYEES WITH VESTED BENEFITS UNDER PENSION PLANS WILL NOT BE IMPACTED BY THE CHANGE​.ARCONIC INC - ‍PROVIDING ADDITIONAL TRANSITION CONTRIBUTION OF 3% OF ELIGIBLE COMPENSATION FOR REMAINING NINE MONTHS OF 2018 FOR AFFECTED EMPLOYEES​.  Full Article

Elliott Says Elliott, Elliott International & Eica Have Combined Economic Exposure In Arconic Of About 12.1 Pct Of Arconic's Shares As Of Dec. 19
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Arconic Inc ::ELLIOTT SAYS ELLIOTT, ELLIOTT INTERNATIONAL & EICA HAVE COMBINED ECONOMIC EXPOSURE IN ARCONIC OF ABOUT 12.1 PERCENT OF ARCONIC'S SHARES AS OF DEC. 19.ELLIOTT SAYS AS OF CLOSE OF BUSINESS ON MAY 30, ELLIOTT INTERNATIONAL, EICA HAD COMBINED ECONOMIC EXPOSURE OF ABOUT 13.2 PERCENT OF ARCONIC SHARES.  Full Article

Arconic Divests Its Latin America Extrusions Business
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Arconic Inc ::ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC INC - ‍UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS​.ARCONIC INC - ‍ BUSINESS IS PART OF COMPANY'S TRANSPORTATION AND CONSTRUCTION SOLUTIONS SEGMENT​.ARCONIC INC - DEAL IS EXPECTED TO CLOSE IN FIRST HALF OF 2018.ARCONIC INC - RESTRUCTURING-RELATED CHARGE PRIMARILY RELATES TO NON-CASH IMPAIRMENT OF NET BOOK VALUE OF BUSINESS.ARCONIC INC - ‍ RESTRUCTURING-RELATED CHARGE IS A SPECIAL ITEM AND WILL NOT IMPACT ADJUSTED EARNINGS PER SHARE IN Q4 OF 2017​.ARCONIC - WILL RECOGNIZE RESTRUCTURING-RELATED CHARGE REPRESENTING LOSS ON SALE OF ABOUT $40 MILLION AFTER-TAX, OR $0.08 PER DILUTED SHARE, IN Q4 2017.ARCONIC - POST REGULATORY, ANTI-TRUST REVIEWS, OWNERSHIP OF LATIN AMERICA EXTRUSIONS WILL BE TRANSFERRED TO A UNIT OF HYDRO EXTRUDED SOLUTIONS AS.  Full Article

Arconic Shareholders Approve Delaware Reincorporation
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Arconic Inc ::ARCONIC SHAREHOLDERS APPROVE DELAWARE REINCORPORATION.ARCONIC - SHAREHOLDERS HAVE APPROVED COMPANY'S REINCORPORATION FROM PENNSYLVANIA TO DELAWARE.ARCONIC - SHAREHOLDERS ALSO APPROVED ANNUAL ELECTION OF FULL ARCONIC BOARD FOLLOWING REINCORPORATION.ARCONIC INC - CURRENTLY EXPECTS REINCORPORATION MERGER TO BE EFFECTIVE ON OR ABOUT DECEMBER 31, 2017.  Full Article

Arconic ‍announces plans to install new horizontal heat treat furnace
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Arconic Inc ::Arconic Inc - ‍announced plans to install a new horizontal heat treat furnace at its davenport works facility in Iowa​.Arconic Inc - ‍$137 million investment is supported by economic development financial assistance from Iowa department of economic development & riverdale​.Arconic Inc - ‍construction on project is expected to begin late this year with commercial production expected to start in 2019​.  Full Article

Arconic inc ‍announces multi-year cooperative research agreement with Airbus
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Arconic Inc ::Announced a multi-year cooperative research agreement with Airbus to advance metal 3D printing for aircraft manufacturing​.  Full Article

‍TSI Inc announces distribution agreement with Arconic​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - ‍TSI Inc::‍TSI Incorporated announces a distribution agreement with Arconic Inc​.‍TSI Inc says TSI will resell Arconic's micro certified reference materials in a kit for field standardization of ChemLite LIBS metal analyzers​.  Full Article

‍Elliott Management Corp says strongly supports Charles Blankenship as Arconic's next CEO​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Arconic Inc :‍Elliott Management Corporation - strongly supports Charles Blankenship as Arconic's next CEO, John Plant as next board chair​.  Full Article

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London's Grenfell Tower was a death trap wrapped in 'petrol', inquiry hears

LONDON London's Grenfell Tower, where a huge fire killed 71 people a year ago, had been fitted during a recent refurbishment with cladding containing a material as flammable as petrol, a public inquiry heard on Tuesday.