Apollo Global to acquire Univar in $8.1 billion deal, says report

Shares of Univar rose nearly 14% to $35.40 in premarket trading

M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV
Reuters
1 min read Last Updated : Mar 14 2023 | 5:23 PM IST
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.

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Topics :Apollo Globalacquisitionstock market rally

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