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Apollo Withdraws £1.5 Billion Bid for UK's Bodycote
Apollo has withdrawn its £1.5 billion bid for London-listed heat treatment company Bodycote, causing Bodycote's stock to fall by 10%. The US suitor's decision to abandon the offer was confirmed by the company.
5 Jun, 07:00 — 5 Jun, 08:29
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (51/100)3 sources25/33
Spectrum spread— 3/5 buckets covered17/33
Far L1
Far Left (1)
The Independent
Left
Center1
Center (1)
FT
Right1
Right (1)
seeking-alpha
Far R
Geographic diversity— 2 regions9/34
UK2US1
Sources
Showing 3 of 3 sources
FTVery High63d ago
Apollo drops £1.5bn bid for London-listed Bodycote
US private equity group says it may make another offer for components maker in coming months
Read full article →The IndependentMostly Factual63d ago
Bodycote shares fall as US suitor Apollo ditches £1.5bn bid interest
Macclesfield-based Bodycote said late last month it had received a conditional all-cash takeover approach from Apollo worth 885p a share.
By Holly Williams
Read full article →seeking-alphaMixed63d ago
Apollo withdraws $2B bid for UK's Bodycote; stock dips 10%
Read full article →Coverage Timeline
First report: FT · 5 Jun, 07:00|Full coverage: 3 · 1h|Window: 1h
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