Apollo Global Examined Bid For Marks & Spencer: Report

by Shivani Kumaresan, Benzinga Staff Writer

November 22, 2021 7:38 AM | 1 min read | Make a Comment

Apollo Global Management Inc APO reportedly examined a buyout of U.K.'s Marks & Spencer Group PLC MAKSF 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 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.