Barnes Group Soars on Strong Aerospace Demand, Acquisition News Sends Shares Higher

Barnes Group, Inc. (B) reported a strong third quarter with revenue exceeding expectations, driven by booming demand in its Aerospace segment. The company’s Aerospace OEM backlog surged 19% sequentially, reflecting optimism for future industry growth. However, the company announced it will be acquired by Apollo Global Management in an all-cash deal valued at $3.6 billion, leading to the suspension of its financial guidance for the year.

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