Arconic | Jotup

TriMas Appoints New General Manager of Its Allfast Fastening Systems Business

Retrieved on:

Thursday, December 7, 2023

Engineering, Machine Tools, Metalworking & Metallurgy, Aerospace, Manufacturing, Mac, Jan Vansina, University, Howmet Aerospace, Carrigan, Management information system, Management, Metal fabrication, Masco, Arconic

TriMas (NASDAQ: TRS) today announced the appointment of William “Bill” Carrigan to the position of Allfast Fastening Systems General Manager, effective December 1, 2023.

Key Points:

TriMas (NASDAQ: TRS) today announced the appointment of William “Bill” Carrigan to the position of Allfast Fastening Systems General Manager, effective December 1, 2023.
He will report directly to Vitaliy Rusakov, recently hired as President of TriMas Aerospace.
In connection with this announcement, Patrick Gioia, Allfast’s prior General Manager, has left the company to pursue other opportunities.
TriMas Aerospace goes to market under the following leading brands: Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, RSA Engineered Products, Weldmac Manufacturing, Martinic Engineering™ and TFI Aerospace.

TriMas Announces New President of Its TriMas Aerospace Group

Retrieved on:

Tuesday, October 24, 2023

TriMas (NASDAQ: TRS) today announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023.

Key Points:

TriMas (NASDAQ: TRS) today announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023.
Rusakov is a proven aerospace industry veteran, with more than 25 years of experience leading global manufacturing businesses in the aerospace, commercial transportation and related sectors.
In his most recent role, Rusakov worked at Howmet Aerospace, formerly a division of Arconic and Alcoa, where he served as President of Howmet’s Fastening Systems business.
TriMas Aerospace goes to market under the following leading brands: Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, RSA Engineered Products, Weldmac Manufacturing, Martinic Engineering™ and TFI Aerospace.

Barclays Appoints Two New Senior Hires Into Its Financial Sponsors Group

Retrieved on:

Thursday, September 14, 2023

Barclays today announces the appointment of Christian Oberle as Head of Americas Financial Sponsors Group.

Key Points:

Barclays today announces the appointment of Christian Oberle as Head of Americas Financial Sponsors Group.
Mr. Oberle will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group.
In addition, Barclays is also pleased to announce the appointment of Tom Vignon as a Managing Director and senior member of its Financial Sponsors Group in EMEA.
“We are delighted to welcome Christian and Tom to Barclays and to our Financial Sponsors practice, which has long been one of the key strengths of our Investment Banking franchise,” said JF Astier, Head of Financial Sponsors Group at Barclays.

Arconic Names Marcelo Morgueta Chief Financial Officer

Retrieved on:

Tuesday, September 5, 2023

Natural Resources, Manufacturing, Steel, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Executive, Transport, Business administration, São Paulo State University, BDO, Corporation, Management, Finance, UNESP, Arconic

Arconic Corporation (“Arconic” or the “Company”) announced today that its Vice President of Finance and Treasurer, Marcelo Morgueta, has accepted the position of Executive Vice President and Chief Financial Officer of Arconic.

Key Points:

Arconic Corporation (“Arconic” or the “Company”) announced today that its Vice President of Finance and Treasurer, Marcelo Morgueta, has accepted the position of Executive Vice President and Chief Financial Officer of Arconic.
Incoming Chief Executive Officer of Arconic Chris Ayers, said, “I am very pleased to welcome Marcelo to our executive leadership team.
I look forward to working with him to advance our long-term strategic goals.”
Morgueta has extensive expertise in corporate finance, financial planning, operations finance, and almost two decades of experience in the aluminum industry.
Most recently, Morgueta was Vice President, Finance and Treasurer at Arconic, and prior to the company separation in 2020, he served as Chief Financial Officer of two large business segments, Global Rolled Products and Transportation and Construction Solutions.

Arconic Names Chris Ayers CEO and Chairman of the Board

Retrieved on:

Friday, August 25, 2023

Arconic Corporation (NYSE:ARNC) (“Arconic” or the “Company”) announced today that Chris Ayers will become Chief Executive Officer and Chair of the Board of Arconic, effective September 11, 2023.

Key Points:

Arconic Corporation (NYSE:ARNC) (“Arconic” or the “Company”) announced today that Chris Ayers will become Chief Executive Officer and Chair of the Board of Arconic, effective September 11, 2023.
Ayers has served on Arconic’s Board of Directors for the past seven years and held several executive positions in key businesses within the Company’s predecessor, Alcoa, prior to his board role.
Current Arconic CEO Tim Myers will continue to serve in an advisory capacity as Arconic’s Lead Outside Director of the Board.
Prior to serving on Arconic’s Board of Directors, Ayers was President and Chief Executive Officer of WireCo WorldGroup, Inc., from 2013 through 2017.

Arconic Completes Transaction with Apollo Funds

Retrieved on:

Friday, August 18, 2023

Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).

Key Points:

Arconic Corporation (“Arconic” or the “Company”) and Apollo (NYSE: APO) today announced that Apollo Funds have completed the previously announced acquisition of the Company, which includes a minority investment from funds managed by affiliates of Irenic Capital Management (“Irenic”).
Tim Myers, Arconic Chief Executive Officer, said, “The closing of this transaction with Apollo Funds brings new perspective combined with deep industry expertise that will benefit our customers, employees, investors, and the communities where we operate.
and Goldman Sachs & Co. LLC served as financial advisors to Arconic, and Wachtell, Lipton, Rosen & Katz served as legal counsel to Arconic.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo Funds.

Arconic Shareholders Approve Acquisition by Apollo Funds

Retrieved on:

Tuesday, July 25, 2023

Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Manufacturing, Steel, ARNC, Corporation, Acquisition, Bangladesh Securities and Exchange Commission, NYSE, APO, Special, Security (finance), Arconic

Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that its shareholders have voted at a special meeting of Arconic shareholders (the "Special Meeting") to approve the Company's pending acquisition by funds managed by affiliates of Apollo (NYSE: APO) including a minority investment from funds managed by affiliates of Irenic Capital Management.

Key Points:

Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced today that its shareholders have voted at a special meeting of Arconic shareholders (the "Special Meeting") to approve the Company's pending acquisition by funds managed by affiliates of Apollo (NYSE: APO) including a minority investment from funds managed by affiliates of Irenic Capital Management.
Under the terms of the merger agreement, Arconic shareholders will receive $30.00 per share in cash for every share of Arconic common stock they own immediately prior to the effective time of the merger.
Assuming timely satisfaction of necessary closing conditions, the transaction is expected to close in the third quarter of 2023.
The final voting results on the proposals voted on at the Special Meeting will be set forth in a Form 8-K filed by Arconic with the U.S. Securities and Exchange Commission.

(ARNC): Johnson Fistel Investigates Proposed Sale of Arconic Corporation; Is $30.00 a Fair Price?

Retrieved on:

Tuesday, July 18, 2023

ARNC, Apollo, Learning, Sale, LLP, Acquisition, NYSE, SAN, Apollo Global Management, APO, Arconic

SAN DIEGO, July 18, 2023 (GLOBE NEWSWIRE) -- Stockholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) breached their fiduciary duties in connection with the proposed sale of the Company to Apollo Global Management, Inc. (NYSE: APO) (“Apollo”).

Key Points:

SAN DIEGO, July 18, 2023 (GLOBE NEWSWIRE) -- Stockholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) breached their fiduciary duties in connection with the proposed sale of the Company to Apollo Global Management, Inc. (NYSE: APO) (“Apollo”).
If you are a stockholder of Arconic and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ( [email protected] ) at 619-814-4471.
Additionally, you can click or copy and paste the following link:
There is no cost or obligation to you.
On May 4, 2023, Arconic announced that it has entered into a definitive agreement to be acquired by Apollo.

Moore Kuehn Encourages SYNH, SPPI, ARNC and EMBK Investors to Contact Law Firm

Retrieved on:

Monday, July 3, 2023

PLLC, Spectrum Pharmaceuticals, Assertio Therapeutics, Wall Street, Fraud, Apollo Global Management, Intuition, Security (finance), Bank, Arconic, Syneos Health

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.

Key Points:

Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies.
Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq.
Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims.

ARCONIC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Arconic Corporation - ARNC

Retrieved on:

Friday, June 30, 2023

Class Action Lawsuit, Professional Services, Legal, ARNC, Sale, KSF, NYSE, Apollo Global Management, APO, Arconic

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arconic Corporation (NYSE: ARNC) to affiliates of Apollo Global Management, Inc. (NYSE: APO).

Key Points:

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arconic Corporation (NYSE: ARNC) to affiliates of Apollo Global Management, Inc. (NYSE: APO).
Under the terms of the proposed transaction, shareholders of Arconic will receive $30.00 in cash for each share of Arconic that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .