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DewDiligence

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DewDiligence

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Re: DewDiligence post# 14300

Thursday, 04/13/2017 6:25:44 PM

Thursday, April 13, 2017 6:25:44 PM

Post# of 29335
Elliott seeks regime change at ARNC (the old Alcoa minus the mining operations), which could trigger a $500M payment:

https://www.wsj.com/articles/arconic-says-elliott-board-win-could-trigger-500-million-poison-put-payment-1492102654

In a regulatory filing late Wednesday, the aerospace and automotive parts maker said the election of the Elliott-backed directors could count as a “change-in-control,” which would require the company to pay down $500 million it owes to a trust that holds deferred compensation and retirement benefits.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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