Arconic Inc. Announces Commencement of When Issued Trading of Arconic Rolled Products Corporation Common Stock
Arconic Corporation (ARNC)
Last arconic corporation earnings: 1/27 06:50 am
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US:NYSE Investor Relations:
arconic.com/global/en/investors/overview.asp
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Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--In connection with the separation of Arconic Inc. (NYSE: ARNC) into two independent, publicly-traded companies, Arconic Inc. announced today that Arconic Rolled Products Corporation (which will be renamed Arconic Corporation in connection with the separation) (“Arconic Corporation”), is expected to commence trading today, March 18, 2020, on a “when issued” basis under the symbol “ARNC WI” on the New York Stock Exchange. At the time of separation, Arconic Inc. stockholders are expected to receive one share of Arconic Corporation common stock for every four shares of Arconic Inc. common stock held as of the record date. The record date for the distribution of Arconic Corporation common stock is March 19, 2020 and the time of the distribution is expected to be 12:01 A.M. on April 1, 2020. “Regular-way” trading in Arconic Corporation’s common stock is expected to begin on April 1, 2020.The distribution remains subject to the satisfaction or waiver of the c
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