The Chicago Entrepreneur

: Univar rallies on report of $8 billion buyout by Apollo Global Management

Univar Solutions Inc.’s stock UNVR is up nearly 14% in premarket trading Tuesday after the Wall Street Journal reported that the chemical company is being acquired by Apollo Global Management Inc. APO agreed to be acquired for $8.1 billion, or $36.15 a share. The purchase price of $36.15 a share is a premium of 16% over Univar’s closing price of $31.17 on Monday. Apollo’s stock is up 2.2% in premarket trades.

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