# Apollo Management Group to acquire Arconic

Private equity firm Apollo Management Group is set to acquire Arconic, an aluminum products company, at $30 per share. The deal is expected to close before the end of 2023.

- Type: Acquisition
- Announced: 2023-05-12
- Where: United States
- Status: announced
- Products: aluminum semis
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Arconic](https://endata.com/companies/8076.md) (target)
- [Apollo Management Group](https://endata.com/companies/70259.md) (acquirer)

## Sources

- [steelmarketupdate.com](https://www.steelmarketupdate.com/2023/05/12/cru-aluminum-apollo-management-group-set-to-acquire-arconic/), 2023-05-12: "The deal is expected to close before the end of 2023, at $30 per share, nearly a 30% premium from when word of the acquisition circulated in February."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.