Howmet Aerospace Inc. (HWM) News
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HWM News Highlights
- For HWM, its 30 day story count is now at 20.
- Over the past 12 days, the trend for HWM's stories per day has been choppy and unclear. It has oscillated between 1 and 9.
- ARNC, APO and PAY are the most mentioned tickers in articles about HWM.
Latest HWM News From Around the Web
Below are the latest news stories about HOWMET AEROSPACE INC that investors may wish to consider to help them evaluate HWM as an investment opportunity.
4 big deal reports: More tremors across regional banks
Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: more market-moving headlines in regional banks Western Alliance and PacWest; JPMorgan officially picks up First Republic; First Horizon and TD Bank drop their planned merger; and Arconic gets taken out by Apollo. The regional bank shares experienced turbulence this week.
Why Arconic Stock Zoomed This Week
Shares of Arconic (NYSE: ARNC) rocketed this week and were trading up 16.9% for the week as of 9:40 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. The aluminum company, which primarily serves the aerospace and automotive industries, just announced its quarterly numbers, but that has nothing to do with the stock's meteoric rise. The reason behind Arconic's jump is much bigger, and it will affect every investor in the company.
Howmet Aerospace to Host Virtual Webcast of Annual Meeting of Shareholders
PITTSBURGH, May 04, 2023--Howmet Aerospace Inc. (NYSE:HWM) will host its 2023 Annual Meeting of Shareholders on Wednesday, May 17, 2023, at 9:00 a.m. Eastern Time. The annual meeting will be held in a virtual format only, via webcast at http://www.virtualshareholdermeeting.com/HWM2023. A replay of the webcast will be available on the company website from 10:00 a.m. Eastern Time on Thursday, May 18, 2023, until March 1, 2024.
Arconic taken private by Apollo Global in $5.2 billion deal
Aluminum maker Arconic is being taken private by Apollo Global Management in a deal worth approximately $5.2 billion. Arconic is the company once known as Alcoa. Alcoa Inc. spun off its alumina and bauxite operations in 2016 into a company called Alcoa Corp., while Arconic became the company that produces rolled and plate aluminum, as well as products for the aerospace and industrial sector.
Acquisition & Q1 Earnings: Why Arconic Shares Are Shooting Higher Today
Arconic Corp (NYSE: ARNC) has agreed to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) for $5.2 billion and also reported its first-quarter FY23 results. Arconic shareholders will receive $30.00 per share in cash, a premium of ~36% to its undisturbed closing stock price on February 27, 2023. "This transaction will provide Arconic with the backing of one of the world's premier investment firms and will allow us to leverage Apollo's industry expertise and
These Stocks Are Moving the Most Today: PacWest, First Horizon, Arconic, Shopify, Paramount, Peloton, and More
CARD PacWest says deposits are rising and that it's in ongoing discussions with partners and investors, First Horizon's merger deal with TB Bank is mutually terminated, and Arconic will be bought by Apollo Global Management.
Why Arconic Stock Is Soaring Today
Private equity giant Apollo Global Management (NYSE: APO) has a deal in place to acquire Arconic (NYSE: ARNC) for about $5.2 billion in cash and assumed debt. Arconic has been a company in transition for most of the last decade. Three years later, Arconic split itself again, grouping its engine products, fasteners, and other aerospace components into a separate company called Howmet Aerospace.
Arconic Stock Soars After Results. Earnings Have Nothing to Do With It.
Aluminum-products maker Arconic ‘s first-quarter earnings fell short of expectations. On Thursday morning, Arconic (ticker: ARNC) reported first-quarter earnings of 24 cents a share, while analysts had expected 31 cents. Arconic shares are up 27%, at $28.74, in midday trading.
Apollo Agrees to Take Over Arconic for About $3 Billion
(Bloomberg) -- Apollo Global Management Inc. agreed to acquire aluminum-products company Arconic Corp. for about $3 billion.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages On; Apple Climbs in Late Trading: Markets WrapPacWest Is Weighing Strategic Options, Including Possible SaleThe buyout firm will pay $30 a share for the P
Arconic (ARNC) Q1 Earnings and Revenues Surpass Estimates
Arconic (ARNC) delivered earnings and revenue surprises of 14.29% and 6.02%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?