Apollo, Other PE Firms Express Interest In Arconic
Arconic (ARNC) has received takeover interest from private-equity firms, including Apollo Global Management (APO), Miriam Gottfried and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter.
A deal for the aerospace parts maker could be worth over $10B, but no buyout agreement is imminent, the Journal adds.
Arconic shares closed Friday up 8c to $17.38. Its market capitalization is currently around $8.3B.
Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
