Arconic Announces Plans to Split Into Two Companies

The video discusses Arconic's decision to split into two businesses, following a similar path as its predecessor Alcoa. This move comes after a failed buyout attempt by Apollo, hindered by pension liabilities. Elliott Management, a major stakeholder, has been influential in Arconic's board decisions but faces challenges like aluminum price fluctuations and external events such as the Grenfell Tower fire.

What recent decision has Arconic made regarding its business structure?

How does the recent breakup of Arconic relate to its history with Alcoa?

What was the outcome of the attempted buyout by Apollo?

What factors have influenced the stock price and operational decisions at Arconic?

What challenges has Elliott faced in their investment in Arconic?