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Apollo in talks to buy Arconic Corporation, reveals the WSJ - Part 2

The Wall Street Journal has just trotted out another story about Apollo purchasing US-listed Arconic Corporation.

According to the WSJ, Apollo is "nearing a deal" to buy industrial parts maker Arconic for around $30 a share or $3 billion.

This report comes after the newspaper revealed Apollo was sniffing around Arconic in February this year.

Shares in Arconic have leapt 30pc in the US pre-market.

Below is a link to the WSJ scoop:..

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Apollo in talks to buy Arconic Corporation, reveals the WSJ

Hacks at the Wall Street Journal are on a bit of a roll, landing a string of deal scoops in recent days.

The latest is a tale about Apollo, the private equity firm, trying to buy Arconic Corporation, a US-listed parts manufacturer.

Apollo submitted a bid for Arconic in February and has debt financing in place, reports the Wall Street Journal. Below is a link to the WSJ Scoop:..

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