Apollo Global Management Ends Pursuit of UK's Bodycote
Summary
Apollo Global Management has announced it will not make a firm offer to acquire British thermal processing services company Bodycote. This decision marks the termination of a potential takeover pursuit. While the financial terms of the potential deal were not disclosed, this indicates a shift in Apollo's M&A strategy or assessment regarding this specific target.
At the time of this announcement, APO was trading at $128.67 on NYSE in the Finance sector, with a market capitalization of approximately $74B. The 52-week trading range was $99.56 to $157.28. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.