** Shares of aerospace and industrial components maker Barnes Group rise 2.4% to $46.34 premarket
** Agrees to be acquired by private-equity firm Apollo Global Management in an all-cash transaction that values it at about $3.6 billion
** Apollo offers $47.50 per share in cash, a 4.9% premium to the stock's last close
** Reuters last week reported that Apollo was in talks to buy Barnes, citing people familiar with the matter
** Shares of Barnes, which have gained 38.7% YTD, closed up 12.98% on Friday on the news
** Apollo said it expected Barnes' businesses to benefit from long-term aerospace trends at a time when travel demand is rampant
** Transaction expected to close before the end of the first quarter of 2025
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.parmar@thomsonreuters.com))
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