Onex, CPPIB join consortium formed for Arconic bid: Reuters
Blackstone Group LP, Carlyle Group LP, Onex Corp and Canada Pension Plan Investment Board have joined forces in a bid to acquire U.S. aluminum products maker Arconic Inc, sources told Reuters. Based in Pittsburgh, Pennsylvania, Arconic’s products, which are made of aluminum, titanium or nickel, are used around the world by aerospace, automotive, commercial transportation and packaging manufacturers. The company, which has a market capitalization of US$10.6 billion and total debt of US$6.3 billion, will decide whether to agree to a sale later this month, the sources said.
9 October 2018•3 mins read
