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Apollo Global Examined Bid For Marks & Spencer: Report

Benzinga Real-time News · Nov 22, 2021 07:40

Apollo Global Management Inc (NYSE:APO) reportedly examined a buyout of U.K.'s Marks & Spencer Group PLC (OTC:MAKSF) (OTC:MAKSY), Reuters reported.
The New York-based company considers the purchase a bargain, as the group's shares are weighed down by the impact of the COVID-19 and the market failing to attribute enough value to Ocado Group PLC (OTC:OCDDY) venture, the report added.
Apollo unsuccessfully bid for supermarket chain Asda, acquired by private equity firm TDR and the Issa brothers last year for £6.8 billion.
Price Action: APO shares closed lower by 0.60% at $74.95 on Friday.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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