Apollo backs out of $2 billion takeover pursuit of UK’s Bodycote
June 5 (Reuters) – U.S.-based Apollo Global Management does not intend to make a firm offer for British thermal processing services company Bodycote, the groups said on Friday, ending talks over a £1.52 billion ($2.04 billion) proposal. The alternative asset manager had submitted a conditional all-cash bid to Bodycote last month following several previous approaches, sending its shares surging as the 885 pence per share offer stood at a nearly […]