BRIEF-Arconic Divests Its Latin America Extrusions Business [Reuters]
Arconic Corporation (ARNC)
Last arconic corporation earnings: 1/27 06:50 am
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arconic.com/global/en/investors/overview.asp
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Source: Reuters
BRIEF-Arconic Divests Its Latin America Extrusions Business | Reuters Reuters Staff 1 Min Read Dec 8 (Reuters) - Arconic Inc: * ARCONIC INC - ?UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS * ARCONIC INC - ? BUSINESS IS PART OF COMPANY‘S TRANSPORTATION AND CONSTRUCTION SOLUTIONS SEGMENT * ARCONIC INC - DEAL IS EXPECTED TO CLOSE IN FIRST HALF OF 2018 * ARCONIC INC - RESTRUCTURING-RELATED CHARGE PRIMARILY RELATES TO NON-CASH IMPAIRMENT OF NET BOOK VALUE OF BUSINESS * ARCONIC INC - ? RESTRUCTURING-RELATED CHARGE IS A SPECIAL ITEM AND WILL NOT IMPACT ADJUSTED EARNINGS PER SHARE IN Q4 OF 2017 * ARCONIC - WILL RECOGNIZE RESTRUCTURING-RELATED CHARGE REPRESENTING LOSS ON SALE OF ABOUT $40 MILLION AFTER-TAX, OR $0.08 PER DILUTED SHARE, IN Q4 2017 * ARCONIC - POST REGULATORY, ANTI-TRUST REVIEWS, OWNERSHIP OF LATIN AMERICA EXTRUSIONS WILL BE TRANSFERRED TO A UNIT OF HYDRO EXTRUDED SOLUTIONS AS Source text for Eikon: Further company coverage: Al
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