Private equity firm Apollo Global Management LLC
Apollo could reach a deal with Arconic as early as next week after a competing buyout consortium comprising Blackstone Group LP
Apollo`s offer currently stands at around $23 per share, though negotiations are ongoing and the price could change or deal talks could end unsuccessfully, added the sources, who asked not to be identified because the matter is confidential.
Apollo declined to comment, while Arconic, Blackstone, Carlyle, Onex and Canada Pension Plan Investment Board did not immediately respond to requests for comment.
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