MASSENA — Shareholders have approved the sale of Arconic to hedge fund Apollo Global Management, Inc. Apollo Global Management, Inc. provides asset …
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MASSENA — Shareholders have approved the sale of Arconic to hedge fund Apollo Global Management, Inc.
Apollo Global Management, Inc. provides asset management services. According to the Wall Street Journal, Apollo “offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity.” The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.
Shareholders approved the sale with 99% of shareholders voting to approve the merger.
In a press release issued by Arconic on July 25, officials say the vote took place during a special meeting on June 12.