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Tuesday, April 25, 2017 3:01:12 PM
Arconic Postpones Annual Meeting Date
The Arconic shareholders got a message from the company stating it's reasons for the two week (maximum) delay.
Arconic Postpones Annual Meeting Date - April 24, 2017
The introduction:
Announces Willingness to Nominate Two of Elliott’s Director Nominees in an Effort to Resolve the Proxy Contest
NEW YORK--(BUSINESS WIRE)--Arconic (NYSE: ARNC) today announced that it is postponing its 2017 Annual Meeting of Shareholders from May 16, 2017 to a date toward the end of May 2017. The precise date, time and location of the Annual Meeting will be announced at a later time.
During the past two weeks, Arconic has been engaged in extensive discussions with Elliott Management Corporation in an effort to resolve the pending proxy contest. The Arconic Board believes that a settlement on reasonable terms could benefit all shareholders by putting an end to this distracting proxy fight, so that the Company can focus on ensuring a seamless leadership transition and on executing its strategic plan. However, these discussions have not produced a settlement, as Elliott has repeatedly demanded an ever-expanding litany of settlement terms.
Arcam's Annual General Meeting has been delayed from March 28 at 5 pm to June 16
About Arcam Group
The Arconic shareholders got a message from the company stating it's reasons for the two week (maximum) delay.
Arconic Postpones Annual Meeting Date - April 24, 2017
The introduction:
Announces Willingness to Nominate Two of Elliott’s Director Nominees in an Effort to Resolve the Proxy Contest
NEW YORK--(BUSINESS WIRE)--Arconic (NYSE: ARNC) today announced that it is postponing its 2017 Annual Meeting of Shareholders from May 16, 2017 to a date toward the end of May 2017. The precise date, time and location of the Annual Meeting will be announced at a later time.
During the past two weeks, Arconic has been engaged in extensive discussions with Elliott Management Corporation in an effort to resolve the pending proxy contest. The Arconic Board believes that a settlement on reasonable terms could benefit all shareholders by putting an end to this distracting proxy fight, so that the Company can focus on ensuring a seamless leadership transition and on executing its strategic plan. However, these discussions have not produced a settlement, as Elliott has repeatedly demanded an ever-expanding litany of settlement terms.
Arcam's Annual General Meeting has been delayed from March 28 at 5 pm to June 16
About Arcam Group
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