(Reuters) - Aluminum products maker Arconic Inc is weighing takeover approaches from at least two private-equity groups, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The company’s shares rose 13 percent to $21.75 in after-market trading.
Blackstone Group and Carlyle Group have made a joint approach to the aerospace-parts maker, while Apollo Global Management has also expressed interest, according to the report on.wsj.com/2NK2fVu.
The two competing groups have indicated a willingness to pay a per-share price in the mid-$20s, the Journal reported.
Arconic’s board plans to discuss the possibility of a sale at a meeting on Thursday, according to the report.
Arconic, which had a market value of $9.30 billion as Wednesday’s close, declined to comment.
Reporting by Nikhil Subba in Bengaluru; Editing by Shounak Dasgupta