Arconic Postpones Annual Meeting Date

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Arconic (ARNC) Engages in Discussions with Elliott Management Corp

April 24, 2017 2:09 PM EDT

Arconic (NYSE: ARNC) During the past two weeks, Arconic has been engaged in extensive discussions with Elliott Management Corporation in an effort to resolve the pending proxy contest. The Arconic Board believes that a settlement on reasonable terms could benefit all shareholders by putting an end to this distracting proxy fight, so that the Company can focus on ensuring a seamless leadership transition and on executing its strategic plan. However, these discussions have not produced a settlement, as Elliott has repeatedly demanded an ever-expanding litany of settlement terms.

As part of its... More