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Arconic Inc (ARNC.N)

ARNC.N on New York Stock Exchange

23.85USD
17 Nov 2017
Change (% chg)

$0.12 (+0.51%)
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$23.73
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Latest Key Developments (Source: Significant Developments)

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

Arconic says Q3 earnings per share $0.22
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Arconic Inc -:Arconic reports third quarter 2017 results.Q3 adjusted earnings per share $0.25 excluding items.Q3 earnings per share $0.22.Q3 revenue $3.2 billion versus I/B/E/S view $3.09 billion.Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Arconic Inc- ‍reaffirming full year earnings guidance​.Arconic Inc sees FY 2017 revenue ‍$12.6 billion -$12.8 billion​.Arconic Inc sees FY 2017 capex about $600 mln‍​.FY2017 earnings per share view $1.18, revenue view $12.50 billion -- Thomson Reuters I/B/E/S.Arconic Inc qtrly ‍results were negatively impacted by sharply higher, non-cash lifo charge, resulting from a spike in aluminum prices​.Arconic - ‍on track to deliver improvement of about $100 million year over year in SG&A, with additional run-rate savings expected in 2018​.Arconic Inc - ‍qtrly results included a lifo- and metal lag-related $30 million charge ($46 million pre-tax) and $13 million in special items​.  Full Article

Arconic appoints Charles Blankenship CEO, John Plant named Chair of the Board
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Arconic Inc :Arconic appoints Charles “Chip” Blankenship Chief Executive Officer; John Plant named Chair of the Board.Arconic Inc - ‍Blankenship previously led GE Aviation's Commercial Engines Operation​.Arconic Inc - ‍Plant succeeds Pat Russo, who stepped into role of Chair of Board on an interim basis in April 2017​.Arconic Inc- ‍appointed Charles "Chip" Blankenship as CEO effective January 15, 2018​.  Full Article

Arconic announces mandatory conversion of its preferred stock
Friday, 29 Sep 2017 

Sept 28 (Reuters) - Arconic Inc :Arconic announces mandatory conversion of its 5.375% Class B mandatory convertible preferred stock.Outstanding 5.375% Class B mandatory convertible preferred stock to convert to shares of common stock at rate of 15.6996 common shares.Conversion deemed effective on October 1, 2017, mandatory conversion date​.  Full Article

Arconic director Patricia​ Russo buys 15,000 shares of co's common stock on Aug 15
Wednesday, 16 Aug 2017 

Aug 15 (Reuters) - Arconic Inc :Arconic Inc director ‍patricia​ Russo reports purchase of 15,000 shares of co's common stock on Aug 15 at average price of $24.57 per share - SEC filing.  Full Article

Arconic Inc says will redeem all of its outstanding 6.50% bonds due 2018 and 6.75% notes due 2018
Friday, 19 May 2017 

May 18 (Reuters) - Arconic Inc :Arconic Inc - will redeem on June 19, 2017 all of its outstanding 6.50% bonds due 2018 and 6.75% notes due 2018 between co, Bank of New York Mellon Trust Company.Arconic Inc - as of May 18, 2017, aggregate outstanding principal amount of 6.50% bonds is $100.01 million - SEC filing.Arconic Inc - as of May 18, 2017, aggregate outstanding principal amount of 6.75% notes is $344.8 million.  Full Article

Arconic announces cash tender offers by Citigroup Global Markets Credit Suisse Securities (USA)
Thursday, 6 Apr 2017 

Arconic Inc : Announces cash tender offers by citigroup global markets Credit Suisse Securities (USA) LLC for up to $1 billion of co's outstanding debt securities . Says cash tender offers is for up to $1 billion principal amount of arconic's outstanding debt securities . Purchasers are offering to purchase any and all of co's 6.500% notes due 2018 and 6.750% notes due 2018 .Purchasers also offering to purchase co's 5.720% notes due 2019 up to $500 million less the amount tendered and accepted in 2018 offers.  Full Article

Arconic says monetized more than 60 pct of 36.3 mln shares it retained in Alcoa Corp
Wednesday, 15 Feb 2017 

Arconic Inc : Says monetized more than 60 percent of 36.3 million shares it retained in Alcoa Corporation .Arconic Inc - sale of 23.4 million Alcoa Corporation shares will result in approximately $890 million in proceeds.  Full Article

BRIEF-Arconic inc ‍announces multi-year cooperative research agreement with Airbus

* Announced a multi-year cooperative research agreement with Airbus to advance metal 3D printing for aircraft manufacturing​ Source text for Eikon: Further company coverage: