
After a year-long review of its strategic alternatives and no satisfactory offers, lightweight metals supplier Arconic [ARNC] on Tuesday said it will not sell the business. “Together with management, we have been conducting a rigorous and comprehensive strategy and portfolio review over the past year and as part of the process considered a sale of the company, among other matters, John Plant, Arconic’s chairman, said in a statement. “However, we did not receive a proposal for a full-company transaction that…