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Economy

mahatmakanejeeves

(70,380 posts)

3. Apollo Nears Deal to Buy Arconic for More Than $10 Billion

Reply to Tansy_Gold (Original post)

Tue Jan 15, 2019, 02:05 PM

Jan 2019

BUSINESS
Apollo Nears Deal to Buy Arconic for More Than $10 Billion

The private-equity firm would pay between $21 and $22 a share in a deal that is expected to be announced this week

By Dana Mattioli, Cara Lombardo and Miriam Gottfried
Updated Jan. 15, 2019 12:47 p.m. ET

Private-equity firm Apollo Global Management LLC is nearing a deal to buy Arconic Inc. for more than $10 billion, ending months of negotiation over what would be one of the largest leveraged buyouts in recent years.

Apollo would pay between $21 and $22 per share in a deal that’s likely to be announced this week, according to people familiar with the matter.

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