Arconic Corp (PITTSBURGH)

* ARCONIC ANNOUNCES $200 MILLION OF ACTIONS TO MITIGATE COVID-19 IMPACT

Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management.

U.S. aluminum products maker Arconic Inc said on Friday it would split its portfolio between the company's two core businesses - the aircraft and power generation components unit, and the sheet and plate products division - with one of them being spin off at a later date.

U.S. aluminum products maker Arconic Inc said Chairman John Plant will take on the additional role of chief executive officer on Wednesday, weeks after it rejected a takeover bid by private equity firm Apollo Global Management.

Arconic Inc said on Wednesday Chairman John Plant will also serve as the chief executive officer of the U.S. aluminum products maker, replacing Chip Blankenship, who assumed the role early last year.

U.S. aluminum products maker Arconic Inc <ARNC.N> said on Tuesday it was no longer pursuing a sale of the company because it had not received an acceptable offer, sending its shares plunging as much as 21 percent.

Arconic Inc is no longer pursuing a potential sale of the company, the aluminum products maker said on Tuesday.

Apollo Global Management LLC <APO.N> is nearing a deal to buy U.S. aluminum products maker Arconic Inc <ARNC.N> for more than $10 billion, the Wall Street Journal reported on Tuesday.

Apollo Global Management LLC is nearing a deal to buy U.S. aluminum products maker Arconic Inc for more than $10 billion, the Wall Street Journal reported on Tuesday.

Shares of Arconic Inc <ARNC.N> closed up 9.7 percent after Bloomberg reported that Apollo Global Management LLC <APO.N> is in talks to buy the U.S. aluminum products maker for about $22 a share, citing people familiar with the matter.

Elliott Management Corp, the activist hedge fund that sits on Arconic Inc's <ARNC.N> board, is working to address potential liabilities weighing on the sale process for the U.S. aluminum products maker, according to people familiar with the matter.

Private equity firm Apollo Global Management LLC <APO.N> is in advanced negotiations to acquire U.S. aluminum products maker Arconic Inc <ARNC.N> for more than $11 billion, people familiar with the matter said on Tuesday.

U.S. specialty metals maker Arconic Inc <ARNC.N> reported a better-than-expected quarterly profit on Tuesday and raised its full year earnings forecast, driven by higher demand for aluminum parts used in airplanes.

U.S. specialty metals maker Arconic Inc reported a better-than-expected third-quarter profit on Tuesday, helped by higher demand for aluminum parts used in aircraft.

Aluminum products maker Arconic Inc's <ARNC.N> board of directors is mulling an $11 billion acquisition offer it received last Friday from buyout firm Apollo Global Management LLC <APO.N>, according to people familiar with the matter.

Blackstone Group LP <BX.N>, Carlyle Group LP <CG.O>, Onex Corp <ONEX.TO> and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic Inc <ARNC.N>, according to people familiar with the matter.

Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with the matter said.

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with the matter said.