Arconic Reportedly Considering Selling Itself

(RTTNews) - Arconic Inc. (ARNC) is considering selling itself, according to media reports, citing people familiar with the matter.

Arconic shares jumped 4.73% on the news to end Friday trading at $22.23.

The move company after the aluminium products company was reportedly approached by several private equity players interested in buying out the Alcoa-spin-off.

A consortium of Blackstone and Carlyle and another group of private equity groups including of KKR and Onex have expressed their interest in acquiring Arconic, according to reports, and Apollo, another US private equity group, is also exploring a deal.

Blackstone, Carlyle, KKR, Onex and Apollo declined to comment. Arconic did not immediately respond to a request for comment.