Allegheny Technologies to sell Cast Products business to CPP [Reuters]
ATI Inc. (ATI)
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Source: Reuters
Allegheny Technologies to sell Cast Products business to CPP - PE Hub Allegheny Technologies to sell Cast Products business to CPP Print Email Allegheny Technologies Incorporated Consolidated Precision Products Corp Warburg Pincus. PRESS RELEASE PITTSBURGH–(BINESS WIRE)–Allegheny Technologies Incorporated (NYSE: ATI) today announced it has reached a definitive agreement to sell its Cast Products business to Consolidated Precision Products Corp. (CPP) of Cleveland, OH. CPP operates 16 global facilities manufacturing products primarily for the aerospace, defense and industrial industries and is a portfolio company of Warburg Pincus, a leading global private equity firm. The transaction, subject to customary regulatory approvals, is expected to close in the early part of the third quarter 2019. The ATI Cast Products business unit is part of the High Performance Materials & Components (HPMC) segment. It produces titanium investment castings that are primarily used aerospace & defense
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ATI
News
- ATI Inc. (NYSE: ATI) had its price target raised by analysts at KeyCorp from $56.00 to $58.00. They now have an "overweight" rating on the stock.MarketBeat
- ATI Announces Completion of Vandergrift Operations Expansion [Yahoo! Finance]Yahoo! Finance
- ATI Celebrates Completion of Most Advanced Materials Finishing Operations [Yahoo! Finance]Yahoo! Finance
- ATI Celebrates Completion of Most Advanced Materials Finishing OperationsPR Newswire
- ATI Inc. (NYSE: ATI) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a "buy" rating and a $70.00 price target on the stock.MarketBeat
ATI
Earnings
- 2/1/24 - Beat
ATI
Sec Filings
- 4/15/24 - Form 144
- 4/12/24 - Form 144
- 3/28/24 - Form ARS
- ATI's page on the SEC website