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Personal-equity firm Apollo International Management Inc. is close to a deal to acquire aerospace areas organization Arconic Corp., the Wall Street Journal described late Wednesday.
The Journal, which first claimed Apollo APO was in talks to invest in Arconic in February, noted the offer would value Arconic ARNC at $30 a share, or about $3 billion, and could be introduced by the time Arconic studies quarterly earnings in advance of the market place opens Thursday.
Pittsburgh-based…
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