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 price per share that was part of the fully financed bid?

What does the text suggest about the sentiment of investors leading up to the announcement?