# Arconic shareholders approve Apollo acquisition

Arconic Corp. shareholders voted to approve the company's acquisition by Apollo Global Management Inc. in a deal valued at about $5.2 billion, with shareholders receiving $30 per share. The transaction is expected to close in Q3 2023.

- Type: Acquisition
- Announced: 2023-07-25
- Where: Pittsburgh, Pennsylvania, United States
- Value: $5.20B
- 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)
- [Abu Dhabi Investment Authority](https://endata.com/companies/5100.md) (investor)
- [Arconic](https://endata.com/companies/8076.md) (target)
- [Univar Solutions](https://endata.com/companies/15507.md) (target)

## Sources

- [quadcitiesbusiness.com](https://quadcitiesbusiness.com/arconic-shareholders-approve-apollo-acquisition-deal/), 2023-07-25: "This transaction represents a realization of value for Arconic shareholders at a meaningful premium and enables the company to execute its long-term strategic vision."
- [nny360.com](https://www.nny360.com/communitynews/business/arconic-shareholders-approve-company-s-pending-acquisition-by-apollo-funds/article_6ff6fa4f-95eb-5f22-8f8a-5bd3a6e2d6c4.html), 2023-07-26: "This transaction represents a realization of value for Arconic shareholders at a meaningful premium and enables the Company to execute its long-term strategic vision."
- [everchem.com](https://everchem.com/category/mergers-acquisitions/page/23/), 2023-08-01: "Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority."
- [northcountrynow.com](https://northcountrynow.com/stories/arconic-sale-finalized-for-52-billion-no-word-on-impact-for-massena-operations,190684), 2023-08-22: "The closing of this transaction with Apollo Funds brings new perspective combined with deep industry expertise that will benefit our customers, employees, investors and the communities where we operate."
- [bsmac.org](https://bsmac.org/2023/12/10/apollo-takes-over-metals-producer-arconic-in-a-4-6bn-deal/), 2023-12-10: "On August 18, 2023, Apollo Global Management acquisition of the lightweight metals manufacturer Arconic Corp. was finalized in a $4.6bn all-cash deal."

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