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Reusable shopping bags are displayed beneath a checkout counter at a Michaels craft store in Cincinnati, Ohio.
Luke Sharrett | Bloomberg | Getty Images
Arts and crafts retailer Michaels Companies said on Wednesday it had entered into an agreement to be bought by the private-equity firm Apollo Global Management in a deal valued at $5 billion.
Read the full press release here.
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This article was originally published by Cnbc.com. Read the original article here.