May
22
Arconic Settles With Elliott After Bruising and Public Dispute
ByIt was one of the most bitter battles between a company and a hedge fund in years, a fight rife with insults and innuendo — and it ultimately led to a chief executive’s ouster.
But on Monday, with days to go before Arconic shareholders met to vote on directors, the industrial parts maker settled its monthslong dispute with the activist investor Elliott Management.
The pact ends what had been an intensely watched proxy fight on Wall Street, at a time when much of corporate America has accepted shareholder activists — investors who prod companies for changes in strategy — as a way of life…
Arconic Settles With Elliott After Bruising and Public Dispute
