# Apollo Global Management to acquire Arconic for about $3 billion

Apollo Global Management agreed to acquire aluminum-products company Arconic Corp. for about $3 billion, or $30 per share.

- Type: Acquisition
- Announced: 2023-05-04
- Where: United States
- Value: $3.00B
- Status: announced
- Products: aluminum products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Apollo Global Management](https://endata.com/companies/3851.md) (acquirer)
- [Arconic](https://endata.com/companies/8076.md) (target)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2023-05-04/apollo-agrees-to-buy-parts-maker-arconic-for-about-3-billion), 2023-05-04: "Apollo Global Management Inc. agreed to acquire aluminum-products company Arconic Corp. for about $3 billion."
- [post-gazette.com](https://www.post-gazette.com/business/pittsburgh-company-news/2023/05/04/arconic-alcoa-apollo-acquisition-howmet/stories/202305040098), 2023-05-04: "Pittsburgh-based Arconic agrees to be acquired by Apollo Global Management Inc."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1790982/000114036123022970/ny20008996x1_8k.htm), 2023-05-04: "On May 4, 2023, Arconic Corporation entered into an Agreement and Plan of Merger with Arsenal AIC Parent LLC and Arsenal AIC MergeCo Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.