BRIEF-Arconic To Be Acquired By Apollo Funds

Arconic Corp (PITTSBURGH): * ARCONIC TO BE ACQUIRED BY APOLLO FUNDS

* ARCONIC CORP - ALL-CASH TRANSACTION THAT VALUES COMPANY AT AN ENTERPRISE VALUE OF APPROXIMATELY $5.2 BILLION * ARCONIC CORP - AGREEMENT PROVIDES THAT ARCONIC SHAREHOLDERS WILL RECEIVE $30.00 PER SHARE IN CASH

* ARCONIC CORP - PROPOSED DEAL FOR $30.00 PER SHARE * ARCONIC CORP: TRANSACTION INCLUDES A MINORITY INVESTMENT FROM FUNDS MANAGED BY AFFILIATES OF IRENIC CAPITAL MANAGEMENT

* ARCONIC CORP - TRANSACTION INCLUDES A MINORITY INVESTMENT FROM FUNDS MANAGED BY AFFILIATES OF IRENIC CAPITAL MANAGEMENT * ARCONIC CORP - TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2023 Source text for Eikon: Further company coverage:

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