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Arconic Nixes Voting Rights Deal as Elliott Looms

Arconic Inc. said it's waiving an unusual voting agreement it had with private equity firm Oak Hill Capital Partners

Arconic Inc. (ARNC) - Get Report said it's waiving an unusual voting agreement it had with private equity firm Oak Hill Capital Partners in a move that comes less than a week after activist Elliott Management Corp.'s Paul Singer alleged that the aerospace components manufacturer traded corporate assets for votes.

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This article was written by a staff member of TheStreet.

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