Apollo Global Management LLC (APO.N) is nearing a deal to buy U.S. aluminum products maker Arconic Inc (ARNC.N) for more than $10 billion, the Wall Street Journal reported on Tuesday.
The private equity firm would pay between $21 and $22 per share in a deal that would likely be announced this week, the report said, citing people familiar with the matter.
The deal would represent a premium of 10 percent or more as the shares were recently trading just above $19, according to the report.
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