WSJ : Apollo Global Nears Deal To Acquire RPC Group For More Than $3.8 Bln

(RTTNews) - Private-equity giant Apollo Global Management LLC (APO) is in advanced talks to acquire RPC Group PLC (RPC.L), one of Europe's biggest packaging companies, for more than $3.8 billion, the Wall Street Journal reported citing people familiar with the matter.

A deal could be announced as soon as Tuesday, the Journal reported.

The report said some bankers have suggested that political uncertainty and the resultant stock and currency-market volatility could crimp deal-making in the U.K., making it trickier for buyers and sellers to agree on a sale price. But the Apollo-RPC agreement offers further evidence that this view may be overly pessimistic for private-equity firms.