Apollo in Talks to Buy Aerospace-Parts Maker Arconic
Private-equity firm
Apollo
Global Management Inc. is in talks to acquire aerospace-parts maker
Arconic Corp.
ARNC 19.48%
, according to people familiar with the matter.
Apollo submitted a bid in February and has debt financing in place, the people said.
Arconic’s advisers have also reached out to other potential acquirers, the people said. There is no guarantee there will be a deal with any of…