Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Arconic Stock Jumped More Than 25% This Week

TheMotleyFool

0 0

Why Arconic Stock Jumped More Than 25% This Week: https://g.foolcdn.com/editorial/images/723326/a-surprised-person-looking-at-computer-screens-with-stock-price-charts-on-display.jpg

Shares of Arconic (NYSE: ARNC) skyrocketed this week and were trading 26.4% higher as of 11:30 a.m. Friday, according to data provided by S&P Global Market Intelligence.

Arconic produces aluminum products for various industries, including aerospace, automotive, defense, construction, and commercial transportation. Rumor is that a private equity firm is looking to acquire the company now.

Private equity firm Apollo Global Management reportedly submitted an offer to acquire Arconic in February, according to a report from The Wall Street Journal this week. The report further stated Arconic's advisors have approached other potential acquirers as well.

Source Fool.com

Like: 0

ARNC

Share