Olshan Client Elliott Management Reaches Agreement with Alcoa on Three Board Seats
February 1, 2016
The Wall Street Journal, The New York Times DealBook, Yahoo!Finance, and other media sources have reported on an agreement reached between Olshan client Elliott Management Corp. and Alcoa Inc., a global leader in lightweight metals technology, engineering and manufacturing. Under the agreement, Alcoa agreed to expand the board of directors by appointing an additional three members - Ulrich “Rick” Schmidt, John C. Plant and Sean O. Mahoney - to serve on Aloca’s board of directors effective February 5, 2016. Steve Wolosky and Andrew Freedman represent Elliott Management in connection with its investment in Alcoa.