Shareholder Alert: Ademi LLP investigates whether Arconic Corporation has obtained a Fair Price in its transaction with Apollo

MILWAUKEE, May 4, 2023 /PRNewswire/ -- Ademi LLP is investigating Arconic (NYSE: ARNC) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo. 

Click here to learn how to join the action https://www.ademilaw.com/case/arconic-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Arconic stockholders are expected to receive only $30.00 per share in an all-cash transaction that values the Arconic at an enterprise value of approximately $5.2 billion. The transaction agreement unreasonably limits competing bids for Arconic by imposing a significant penalty if Arconic accepts a superior bid. Arconic insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Arconic's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Arconic.

If you own Arconic common stock and wish to obtain additional information, please contact Guri Ademi either at [e-mail] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/arconic-corporation.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                                        
Guri Ademi
Toll Free: [phone]
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SOURCE Ademi LLP