Private equity firm acquires arts & crafts retailer Michaels in $5 billion deal
Retailer Michaels is looking to go private. The arts and crafts giant reached a $5 billion deal with Apollo Global Management to go private. Apollo will acquire Michaels stock for $22 per share as part of the deal.
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Mar 3, 2021, 8:51 PM
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Updated 1,394 days ago
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- Retailer Michaels is looking to go private. The arts and crafts giant reached a $5 billion deal with Apollo Global Management to go private. Apollo will acquire Michaels stock for $22 per share as part of the deal.
- Theater chain Alamo Drafthouse Cinema is filing for Chapter 11 bankruptcy.
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