Cryptocurrency Q&A
Is Michaels owned by Target?
Is Michaels owned by Target?
DigitalDragon
Tue Oct 01 2024
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6 answers
1013
Excuse me, I'm a bit confused about the ownership structure here. I've heard that Michaels, the arts and crafts retailer, is somehow connected to Target, the popular department store chain. Can you clarify if Michaels is indeed owned by Target, or is there some other relationship between the two companies that I'm not aware of? I'd appreciate any insights you might have on this matter.
6 answers
SsangyongSpirited
Thu Oct 03 2024
The company's management reached an agreement with Apollo Global Management, a prominent venture capital firm, for a buyout deal.
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CryptoTamer
Thu Oct 03 2024
Under the terms of the agreement, Apollo would acquire The Michaels Companies at a price of $22 per share, valuing the entire company at approximately $3.3 billion.
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CryptoLegend
Thu Oct 03 2024
This acquisition marked a strategic shift for The Michaels Companies, as it would transition from a publicly traded company to a privately held entity.
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amelia_miller_designer
Thu Oct 03 2024
On March 3rd, 2021, The Michaels Companies, a leading arts and crafts retailer, announced a significant corporate development.
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BlockchainLegendary
Thu Oct 03 2024
Apollo Global Management, known for its expertise in investments and asset management, is expected to provide The Michaels Companies with the resources and support necessary for continued growth and success.
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