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Elliott spurns offer, forging ahead with Arconic proxy fight

Tensions between Elliott Management and specialty metals maker Arconic Inc escalated on Tuesday, as the hedge fund spurned a truce offered by the company and urged shareholders to elect all four of its director nominees.
Elliott’s latest letter to shareholders came a day after Arconic said it was willing to interview Elliott’s nominees and elect the two best candidates for the seats. That offer was set to expire on Wednesday.