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MIK - Michaels Cos gains after NYT report of nearing deal with Apollo
The Michaels Companies Inc.
Michaels Cos. (MIK) gained 1.3% in premarket trading after the NYT reported that the craft supply chains talks to sell itself to Apollo (APO) are "progressing" and a deal could be announced as soon as this week.Recall, March 1, Michaels Cos. gains on NYT report of takeout interest.