Reasons for Reincorporation from Pennsylvania to Delaware: Arguments presented by Arconic Corporation (ARNC)

Background

Prior to the 2017 Annual Meeting, Arconic entered into an agreement with affiliates of Elliott Management Corporation (‘‘Elliott’’) to resolve the proxy contest and agreed to reincorporate in Delaware on or prior to December 31, 2017.

The below arguments are presented by the company to change the Company’s jurisdiction of incorporation from Pen…