Apollo Global-Led Group Nears Deal to Buy Arconic
Private-equity firm
Apollo Global Management
APO -0.54%
is nearing a deal to buy industrial-parts manufacturer
Arconic,
ARNC -5.69%
according to people familiar with the matter.
The deal is set to value
Arconic
HWM -0.58%
at $30 a share, or roughly $3 billion, according to the people. It could be announced by the time Arconic reports…