Reuters
05 Jun 2026, 06:41 UTC · 5h ago
Apollo bows out of $2 billion takeover pursuit of UK's Bodycote
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Reuters
05 Jun 2026, 06:41 UTC · 5h ago
Top 1 mover · tap to explore
Story key points
1 claims · impact-rated
Apollo Global Management and Bodycote have terminated discussions regarding a £1.52 billion takeover proposal. — The collapse of a multi-billion pound acquisition removes a significant price premium for Bodycote shareholders, leading to an immediate share price drop.
-0.80Ticker attribution
Model heads
Shares dropped up to 12% following the collapse of the £1.52 billion takeover proposal.
The termination of takeover talks is a neutral event for the private equity firm's broader operations.
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[a_to_b] Apollo Global Management was in talks to acquire Bodycote, though the proposal has since ended.
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