Apollo nears deal to buy Arconic, valuing company at about $3 billion: report

Private-equity firm Apollo Global Management Inc. is close to a deal to acquire aerospace parts company Arconic Corp., the Wall Street Journal reported late Wednesday.

The Journal, which first reported Apollo APO was in talks to buy Arconic in February, reported the deal would value Arconic ARNC at $30 a share, or about $3 billion, and could be announced by the time Arconic reports quarterly earnings before the market opens Thursday.


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