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WSJ: Alcoa spin-out Arconic draws LBO interest

Published 07/14/2018, 12:26 AM
© Reuters.  WSJ: Alcoa spin-out Arconic draws LBO interest
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  • Aerospace metals-maker Arconic (NYSE:ARNC) has drawn takeout interest from private-equity firms including Apollo Global Management (NYSE:APO), The Wall Street Journal reports.
  • With typical premiums, that could make for a relatively large deal for private equity, cresting $10B.
  • But leveraged buyouts are on pace for their busiest year since 2007, Dealogic says; firms are yet sitting a pile of $1T in unspent cash; and Apollo hasn't yet announced a large deal for 2018.
  • And even for its size, Arconic is cheaper than it was months ago: Shares are down 36% in 2018.
  • Now read: Fast Retailing Co. Ltd. ADR 2018 Q3 - Results - Earnings Call Slides


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