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Top related persons:
Irenic - 1 Oleg Movchan - 1 Enfusion - 1 Adam Katz - 1 Andy Dodge - 1 Katz - 1 Dodge - 1 Elliott - 1
Top related locs:
Vista Rifkind Wharton New York Cravath Bengaluru
Top related orgs:
Arconic - 2 Thomson - 2 YORK - 1 Enfusion Inc - 1 Francisco Partners - 1 Vista Equity Partners - 1 Irenic Capital Management - 1 Francisco - 1

Search resuls for: "Arconic"


14 mentions found


☆ Exclusive: Software company Enfusion draws takeover interest from private equity, Irenic Capital
  + stars: | 2023-06-26 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
NEW YORK, June 26 (Reuters) - Software company Enfusion Inc (ENFN.N) is attracting takeover interest from private equity firms and strategic buyers, several people familiar with the matter said. Enfusion's management has been approached in recent months by Francisco Partners, Vista Equity Partners and investment firm Irenic Capital Management, said the sources who asked not to be identified because the talks are private. The company has experienced turbulence in the executive ranks, with its chief executive officer and chief financial officer resigning just months apart from one another last year. The name of the private equity partner could not be learned. Irenic, which was co-founded by Elliott Management veteran Adam Katz and former Indaba Capital partner Andy Dodge, recently worked with private equity giant Apollo Global Management to buy industrial parts manufacturer Arconic.
Persons: Irenic, Oleg Movchan, Enfusion, Adam Katz, Andy Dodge, Katz, Dodge, Elliott, Deutsche Boerse, Svea Herbst, Bayliss, Nick Zieminski Organizations: YORK, Enfusion Inc, Francisco Partners, Vista Equity Partners, Irenic Capital Management, Francisco, Elliott Management, Indaba, Apollo Global Management, Arconic, Harvard, Nasdaq, Deutsche, Svea, Thomson Locations: Vista
☆ Veteran Morgan Stanley dealmaker Rob Kindler to join law firm
  + stars: | 2023-06-06 | by ( ) www.reuters.com   time to read: +2 min
June 6 (Reuters) - Rob Kindler, a top executive at Morgan Stanley (MS.N), is leaving the investment bank after a 17-year stint to join a major law firm. The veteran dealmaker will join Paul, Weiss, Rifkind, Wharton & Garrison as the global chair of mergers and acquisitions (M&A), the law firm said on Tuesday. A New Yorker, Kindler began his legal practice at Cravath, Swaine & Moore, another major law firm where he spent nearly two decades. "I am delighted to once again have him as my partner," said Barshay, who is the chair of the Paul, Weiss' corporate department. Kindler's return to legal practice coincides with a challenging period for the industry, which like investment banks, has been navigating a dreary environment for dealmaking.
Persons: Rob Kindler, Morgan Stanley, dealmaker, Paul, Weiss, Kindler, Moore, Kindler's, Scott Barshay, Barshay, Cooley, Goodwin Procter, Niket, Maju Samuel, Chris Reese Organizations: Garrison, Yorker, JPMorgan, Comcast, AT, T Broadband, Dow, IHS, Wall Street, Apollo Global, Arconic, WWE, Endeavor Group, UFC, Thomson Locations: Rifkind, Wharton, New York, Cravath, Bengaluru
☆ Apollo Global-Led Group Nears Deal to Buy Arconic
  + stars: | 2023-05-04 | by ( Lauren Thomas | ) www.wsj.com   time to read: 1 min
Arconic makes parts for the aerospace, automotive, building and energy industries. Photo: Luke Sharrett/Bloomberg NewsPrivate-equity firm Apollo Global Management is nearing a deal to buy industrial-parts manufacturer Arconic , according to people familiar with the matter. The deal is set to value Arconic at $30 a share, or roughly $3 billion, according to the people. It could be announced by the time Arconic reports its results Thursday, assuming the talks don’t fall apart at the last minute. Shares of Arconic, which makes parts for the aerospace, automotive, building and energy industries, closed at $22.55 Wednesday.
☆ Apollo to take aerospace supplier Arconic private in $5.2 billion deal
  + stars: | 2023-05-04 | by ( Pratyush Thakur | ) www.reuters.com   time to read: +1 min
May 4 (Reuters) - Arconic Corp (ARNC.N) has agreed to be bought by Apollo Global Management Inc (APO.N) in a take-private deal valued at about $5.2 billion, the U.S. aerospace supplier said on Thursday. Apollo will pay $30 for each Arconic share held, representing a premium of 35.6% as of close on Feb. 27, a day before reports of deal talks emerged. The company, which supplies to Boeing Co (BA.N), had rebuffed an almost $10 billion offer from Apollo in 2018. Two years later, the company split into two publicly traded firms, Arconic Corp and Howmet Aerospace Inc (HWM.N). Arconic retained rolled products, aluminum extrusions, and building and construction systems business, while the engine products, fastening systems and forged wheels businesses were spun off to Howmet.
☆ Stocks making the biggest moves before the bell: Paramount, PacWest, Shopify & more
  + stars: | 2023-05-04 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines in premarket trading. PacWest Bancorp – PacWest tumbled 37% in premarket trading after the banking company said it was considering various strategic options. Shopify – The e-commerce platform reported-better-than expected quarterly results and also announced the sale of parts of its fulfillment operation as well as its logistics division. Qualcomm – Qualcomm slumped 7.7% in premarket trading after the chipmaker issued a weaker than expected current quarter forecast, hurt by sagging smartphone sales. Qualcomm did report better than expected revenue for its latest quarter, with earnings matching Wall Street estimates.
☆ Stocks making the biggest moves midday: PacWest, Western Alliance, Paramount Global & more
  + stars: | 2023-05-04 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Paramount Global — The media stock cratered more than 27% after the company slashed its dividend and reported earnings that fell short of analyst expectations. Paramount Global cut is dividend to 5 cents from 24 cents a share, marking its first reduction since 2009. PacWest , First Horizon , Western Alliance — Regional bank stocks were under heavy pressure again on Thursday. Royal Caribbean — The cruise line advanced 6% after the company beat Wall Street expectations for the quarter. The company reported a wider overall loss than expected due to tax expenses related to an IRS settlement.
☆ Apollo in Talks to Acquire Arconic
  + stars: | 2023-02-28 | by ( Lauren Thomas | Laura Cooper | ) www.wsj.com   time to read: 1 min
An aluminum coil at an Arconic manufacturing facility in Alcoa, Tenn., last year. Private-equity firm Apollo Global Management Inc. is in talks to acquire aerospace-parts maker Arconic Corp., according to people familiar with the matter. Apollo submitted a bid in February and has debt financing in place, the people said.
☆ Goldman Sachs downgrades Arconic, cites uncertain demand outlook in Europe
  + stars: | 2023-02-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
It's time to sell shares of Arconic , according to Goldman Sachs. Analyst Emily Chieng downgraded the aluminum products maker to sell from neutral, citing a weak European demand outlook. ARNC 1D mountain Arconic shares fall premarket Shares of Arconic this year have gained about 4.6% following a roughly 36% slump in 2022. Chieng trimmed the firm's price target to $21 from $23 a share, representing more than 5% downside from Monday's close. Shares fell about 4% premarket.
☆ Stocks making the biggest premarket moves: Dish, Target, Zoom, Arconic and more
  + stars: | 2023-02-28 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Check out the companies making the biggest moves in premarket trading:Dish Network — The satellite company's shares fell almost 5% amid its multi-day service outage and double-downgrade from Bank of America. Revenue also beat, but Target's full-year EPS guidance came in below expectations. Arconic — Shares fell 3.5% following a downgrade to sell from neutral by Goldman Sachs. Full-year revenue guidance came in lighter than expected, but its earnings guidance topped estimates. Workday — The human resources software fell 2.4% after its revenue guidance for the first quarter came in lighter than expected.
☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dick's, Costco, Snowflake, Meta, Dish & more
  + stars: | 2023-02-28 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Here are Tuesday's biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said it's standing by its buy rating heading into the company's analyst day on March 1. Barclays reiterates Apple as equal weight Barclays said low growth in the App Store is the "new norm" for Apple. Morgan Stand reiterates Dick's as overweight Morgan Stanley said it's standing by its overweight rating heading into Dick's earnings on March 7. Bank of America downgrades Dish to underperform from buy Bank of America said it sees inflationary pressure for the satellite TV company. Deutsche Bank reiterates Salesforce as buy Deutsche Bank said it's standing by shares of Salesforce heading into earnings on Wednesday.
☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
  + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.
☆ Starboard nominates directors to the board at Rogers. Here’s how the firm could boost margins
  + stars: | 2023-02-11 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +7 min
Activist Commentary: Starboard Value is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On Dec. 15, 2022 , Starboard delivered a letter to the company nominating four directors for election to the board at the 2023 Annual Meeting. Both sides seem to share the same views regarding margin improvement, and there is a new CEO who Starboard likely supports. Having Starboard representation on the board would help management stay focused and get the support it needs. While Starboard is not advocating for any strategic transaction, the firm is an economic animal with fiduciary duties.
☆ Alcoa Appoints New CFO Amid Executive Reshuffle
  + stars: | 2023-01-11 | by ( Jennifer Williams-Alvarez | Colin Kellaher | ) www.wsj.com   time to read: +4 min
Alcoa Corp. named a new finance chief amid a wider executive reshuffle as the aluminum producer faces soaring energy costs and volatile prices. Ms. Beerman succeeds current CFO William Oplinger, who will become chief operations officer next month after about six years in the top finance role. In addition, two executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring, Alcoa said. It will “ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer,” Chief Executive Roy Harvey said in a statement. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
  + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com   time to read: +9 min
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
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