Crafts retailer Michaels will go private in $3.3 billion deal
![Crafts retailer Michaels will go private in $3.3 billion deal](https://image.cnbcfm.com/api/v1/image/101363859-454577317.jpg?v=1614781113)
Crafts retailer Michaels will go private in $3.3 billion deal
Apollo will acquire all outstanding Michaels stock for $22 per share, or a 47% premium to the arts and crafts retailer's closing price on Friday..
Apollo will acquire all outstanding Michaels stock for $22 per share, or a 47% premium to the arts and crafts retailer's closing price on Friday.
![Crafts retailer Michaels will go private in $3.3 billion deal](https://s3-media0.fl.yelpcdn.com/bphoto/Ku7ZrshwIbjXQRyY-nswMQ/348s.jpg)
MICHAELS - 170 Photos & 31 Reviews - 1721 S Stapley Dr, Mesa, Arizona - Arts & Crafts - Phone Number - Yelp
![Crafts retailer Michaels will go private in $3.3 billion deal](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i9S97lInDwrk/v0/1200x800.jpg)
Apollo to Acquire Retailer Michaels for $3.3 Billion in Cash - Bloomberg
![Crafts retailer Michaels will go private in $3.3 billion deal](https://imageio.forbes.com/specials-images/imageserve/619c42d72480acdc5fd738a2/Milwaukee-Cityscapes-And-City-Views/0x0.jpg?format=jpg&width=960)
America's Largest Private Companies: Cargill Is Back At No. 1
![Crafts retailer Michaels will go private in $3.3 billion deal](https://www.petage.com/wp-content/uploads/2023/11/Pet-Age_Power-50-2023-1-e1698854017340.jpg)
The Power 50: Recognizing the Industry's Leading Pet Product Manufacturers
Michaels Expands Online Assortment with New Third-Party
![Crafts retailer Michaels will go private in $3.3 billion deal](https://www.thestreet.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cg_face%2Cq_auto:good/MTY3NTM5MzU2OTM1NDY0ODQ2/martin-baccardax.png)
Michaels in $5 Billion Go-Private Deal With Apollo Global - TheStreet
![Crafts retailer Michaels will go private in $3.3 billion deal](https://costar.brightspotcdn.com/dims4/default/57fe81e/2147483647/strip/true/crop/2100x1400+0+0/resize/2100x1400!/quality/100/?url=http%3A%2F%2Fcostar-brightspot.s3.us-east-1.amazonaws.com%2F11%2Fb1%2F7051fb484813a7dd6cc4930c24f6%2Fgettyimages-972203150.jpg)
Arts and Crafts Retailer Michaels To Close Distribution Center as It Changes Up Operations
![Crafts retailer Michaels will go private in $3.3 billion deal](https://res.cloudinary.com/hilnmyskv/image/upload/q_auto,f_auto/v1691415352/Algolia_com_Blog_assets/Featured_images/product/measuring-ecommerce-conversion-rates-and-revenue-with-a-profit-calculator/zbeifod6qdddvnqqt62q.png)
Estimate ecommerce ROI with our profit calculator
![Crafts retailer Michaels will go private in $3.3 billion deal](https://image.cnbcfm.com/api/v1/image/106848661-16147969171614796909-14512792326-1080pnbcnews.jpg?v=1614796916&w=750&h=422&vtcrop=y)
Apollo Global bets on convention recovery in deal with Las Vegas Sands
![Crafts retailer Michaels will go private in $3.3 billion deal](https://bestlifeonline.com/wp-content/uploads/sites/3/2023/02/michaels-overcharging-shoppers-lawsuit-news.jpg?quality=82&strip=all)
Michaels Slammed for Allegedly Overcharging Shoppers
![Crafts retailer Michaels will go private in $3.3 billion deal](https://static01.nyt.com/images/2021/03/01/business/01Economy-Briefing-Michaels/01Economy-Briefing-Michaels-superJumbo.jpg)
Michaels Draws Buyout Interest From Private Equity - The New York Times
![Crafts retailer Michaels will go private in $3.3 billion deal](https://www.pymnts.com/wp-content/uploads/2021/03/shutterstock_1822332974.jpg)
Apollo Global Closes Acquisition Deal With Crafts Chain Michaels
![Crafts retailer Michaels will go private in $3.3 billion deal](https://bloximages.newyork1.vip.townnews.com/stltoday.com/content/tncms/assets/v3/editorial/e/4c/e4c264eb-a5b8-5362-a569-9ba8a6358b9c/652e762c1d985.image.jpg?resize=1920%2C1080)
CVS, Walgreens and Rite Aid are closing thousands of stores
![Crafts retailer Michaels will go private in $3.3 billion deal](https://media1.moneywise.com/cdn-cgi/image/fit=cover,g=left,width=756,height=336,f=auto,quality=80/a/804/big-chains-closing-most-stores_hero_1800x800_hero_800x1800_v20180117162327.jpg)
48 Top Stores Closing the Most Locations