Arconic Inc. struck a deal to give hedge fund Elliott Management Corp. seats on its board of directors, a settlement that ends a bruising five-month battle days before the vote. According to the agreement, Elliott will receive board spots for three of its nominees, while Arconic keeps three of its own nominees, with one current director stepping down. The companies announced the agreement Monday morning, confirming a Wall Street...

Source: Wall Street Journal May 22, 2017 13:34 UTC