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Apollo Global Management to buy Michael Cos for $3.3 bln

Crafts retailer Michaels Cos said on Wednesday it had entered into an agreement to be bought by private equity firm Apollo Global Management for $3.3 billion.

March 3 (Reuters) - Crafts retailer Michaels Cos MIK.O said on Wednesday it had entered into an agreement to be bought by private equity firm Apollo Global Management APO.N for $3.3 billion.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: https://twitter.com/sampath_uday ;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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