
Arconic Mulls Competing Buyout Bids From Apollo and Blackstone-Carlyle
According to people familiar with the matter, a deal could be announced as early as next week. Alternative asset manager Apollo Global Management is said to be in advanced talks to buy US lightweight metals engineering and manufacturing company Arconic for over $11 billion, sources told Reuters. The potential transaction will be the largest leveraged buyout of 2018. According to people familiar with the matter, a deal could be announced as early as next week. Arconic has also