Alchemy Investments Acquisition Corp shares rise 3.55% intraday after Skyward Specialty Insurance Group announced acquisition of Apollo Group Holdings.

Alchemy Investments Acquisition Corp rose 3.55% during intraday trading, with the company announcing that Skyward Specialty Insurance Group, Inc. has entered into a definitive agreement to acquire 100% of Apollo Group Holdings Limited for a total consideration of $555 million. The transaction is expected to deliver double-digit adjusted operating EPS accretion in the first full year post-acquisition.