Private equity firm Apollo Global Management has approached online retail platform THG with a "highly preliminary" buyout proposal, as takeover activity in the City powered a £4bn deal-making spree.
Mergers and acquisitions moves were in full swing on the London Stock Exchange yesterday (17 April), as publicly listed companies worth a total of £4bn were subject to takeover bids, The Times reported, amid an improving outlook for the UK economy. Private equity house Apollo was behind at least two of the proposals including THG, where it must announce a firm intention to make a takeover offer by 15 May or walk away, THG said. Inside Blackstone's multi-million dollar mission to democratise private markets The board said there was "no certainty" that a firm offer would be made, and...
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