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.

News 12 Staff

Mar 3, 2021, 8:51 PM

Updated 1,198 days ago

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  • Google is shaking up its ad business. The tech giant will stop selling ads based on browsing across websites.
  • 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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