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Apollo Global Management to buy specialty chemical distributor Univar Solutions Inc in a deal valued at $8.1 billion including debt, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Shares of Univar rose nearly 14% to $35.40 in premarket trading.
Last year, US hedge fund Engine Capital urged Univar Solutions to consider a sale or other strategic options. In January German chemicals distributor Brenntag ended takeover talks with Univar.
Univar and Apollo did not immediately respond to a Reuters request for comment.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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First Published: Tue, March 14 2023. 17:23 IST
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