equity

"But an acquisition from private equity is a surprise and there's a lot of industry anxiety around this deal."

"I do have concerns about equity of access," he adds.

Michaels was founded in 1973 and is owned by private equity firm Apollo Global Management.

The sustained pressure campaign began in January with an executive order to roll back diversity, equity and inclusion efforts in the federal government, which resulted in the Smithsonian Institution shuttering its office of diversity.

Voters see a leader defending their freedoms by fighting policies such as diversity and equity, which they often equate with racism, and mask mandates, which they view as government overreach, Seitz said.