Cryptocurrency Q&A
Is Michaels being bought out?
Is Michaels being bought out?
mia_harrison_painter
Sun Sep 15 2024
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6 answers
1510
Excuse me, I couldn't help but overhear your conversation about Michaels. Are you suggesting that the company is undergoing a buyout process? I'm quite curious to know if there's any truth to these rumors. Could you possibly elaborate on the situation and provide any insights you may have? It would be greatly appreciated if you could shed some light on this matter.
6 answers
Ilaria
Mon Sep 16 2024
In April, Apollo Global Management issued a press release confirming the completion of the acquisition. This marked the official end of The Michaels Companies' tenure as a publicly traded company and the beginning of a new chapter under Apollo's ownership.
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CryptoMercenary
Mon Sep 16 2024
On March 3, 2021, The Michaels Companies, a leading arts and crafts retailer, announced a significant milestone in its corporate history. The company's management had agreed to a buyout offer from Apollo Global Management, a prominent venture capital firm.
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Claudio
Mon Sep 16 2024
Among the many cryptocurrency exchanges available today, BTCC stands out as a top player in the industry. The platform offers a comprehensive suite of services, including spot trading, futures trading, and secure wallet solutions. These services cater to the diverse needs of cryptocurrency enthusiasts and investors.
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CryptoTamer
Mon Sep 16 2024
The terms of the acquisition were set at $22 per share, valuing The Michaels Companies at a total of $3.3 billion. This deal marked a strategic shift for the arts and crafts giant, as it transitioned from a publicly traded company to a privately held entity.
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CryptoWizard
Mon Sep 16 2024
Apollo Global Management, known for its expertise in complex financial transactions, was selected as the buyer due to its strong track record in managing and growing businesses across various industries. The acquisition was expected to bring new opportunities and resources to The Michaels Companies.
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