Arconic Tumbles After Scuttling Apollo Buyout Deal

The video discusses the unexpected cancellation of a deal with Apollo, which led to a significant market reaction. Despite a fully financed bid, the decision was influenced by price and liabilities, particularly those related to the Grenfell fire. The market was shocked, and while some investors were caught off guard, others remained skeptical and benefited from the situation.

What was the market's initial reaction to the rejection of Apollo's offer?

• The market was confused.

• The market was optimistic.

• The market was shocked.

• The market was indifferent.

What was the price per share offered by Apollo?

• $1800

• $2500

• $2220

• $2000

Which major liability was covered in the offer?

• Employee pensions

• Legal fees

• Grenfell fire liabilities

• Environmental cleanup

Why was the decision to reject the offer surprising?

• The company had no other offers.

• The market expected a higher bid.

• The process was almost complete.

• The offer was too low.

What was the impact on investors who remained skeptical?

• They lost money.

• They made a profit.

• They broke even.

• They withdrew their investments.