Fri
Feb 8 2019
01:52:pm

Bloomberg: The company will separate into one company focused on parts making and another on the production of aluminum sheets, Arconic said Friday in a statement as it reported fourth-quarter earnings. One of the units will be spun off, and Arconic will consider a sale of any operations that don’t fit into either of the businesses.

The company also cut their dividend by two-thirds. The rolled sheet business presumably includes the plant in Alcoa. And they only recently finished changing their iconic tower sign after splitting off from Alcoa.

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