Aluminum-parts manufacturer Arconic Inc. said it plans to spin off one of its two main business units after rejecting a $10-billion offer for the entire company and abruptly replacing its chief executive. Arconic on Friday didn’t say whether it would aim to divest the aluminum-sheet or aerospace components unit. The company said smaller businesses that don’t fit into either unit would be sold.

Source: Wall Street Journal February 08, 2019 14:09 UTC