Arconic Inc. versus Elliott Management Corp.: A Battle for Control
Arconic Inc. was a lightweight-material engineering firm that supplied the aerospace, automotive, and commercial transportation industries. Elliott Management Corporation was an activist investment firm that held a minority investment in Arconic Inc.. The two companies were locked in a public disagreement on how to generate acceptable financial returns for investors. At a shareholders' meeting on May 25, 2017, all shareholders would be able to vote on the four nominees that would become members of Arconic's new board. In the weeks leading up to the annual shareholders' meeting, the tension between the Arconic board and Elliott Management continued to build. Jonathan Chen is affiliated with . Carolyn Burns is affiliated with Ivey Business School. Christopher Williams is affiliated with Durham University.