Feb
28
Shareholder Activism at Arconic Points to a New Wave
By
CreditHarry Campbell
Arconic, the aerospace and automotive parts manufacturer formerly known as Alcoa, is brawling with Paul Singer’s hedge fund, the activist Elliott Management, which owns 13 percent of Arconic.
It’s a battle that shows not just how hard activism is becoming, but how difficult it is for the average person to know exactly what is going on.
The old Alcoa split last year, spinning off its aluminum production business into a new company with the old name of Alcoa. The parent company became Arconic, one of those corporate-speak names, probably meant to invoke an Epcot-like future in some marketing manager’s mind…
Shareholder Activism at Arconic Points to a New Wave
