Apollo Global Examined Bid For Marks & Spencer: Report

Apollo Global Examined Bid For Marks & Spencer: Report
  • Apollo Global Management Inc APO reportedly examined a buyout of U.K.'s Marks & Spencer Group PLC MAKSF MAKSYReuters 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 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.

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