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Private equity firm acquires Michaels in $5 billion deal

Private equity firm acquires Michaels in $5 billion deal

Private equity firm acquires Michaels in $5 billion deal

Private equity firm acquires Michaels in $5 billion deal

By Alexis Benveniste, CNN Business Private equity giant Apollo Global Management is acquiring arts and crafts retailer Michaels in a $5 billion deal.

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