Exclusive: Apollo in advanced talks to acquire Arconic -sources

(Reuters) - Private equity firm Apollo Global Management LLC is in advanced negotiations to acquire aluminium products maker Arconic Inc for more than $11 billion, people familiar with the matter said on Tuesday. Apollo could reach a deal with Arconic as early as next week after a competing buyout consortium comprising Blackstone Group LP , Carlyle Group LP , Onex Corp and Canada Pension Plan Investment Board indicated it may need three more weeks to complete due diligence on the company, the sources said

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