The multibillion-dollar sale of Arconic, which manufactured flammable panels tied to the deadly London tower fire in 2017, fell through after the company’s board rejected offers from private equity firms, including Apollo and Blackstone. Apollo had even secured financing on Wall Street to fund the deal, offering Arconic $22.20 per share, according to the Financial Times. The Philadelphia-based manufacturing company supplied the cladding panels fitted to the outside of the Grenfell Tower in West London, […]
source https://therealdeal.com/miami/2019/01/26/multibillion-dollar-buyout-of-u-s-company-linked-to-deadly-london-tower-fire-called-off/#new_tab
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