RE: Others could emerge...9 Dec 2021 11:28
November 2021
Apollo Global Management Inc. has abandoned a pursuit of British lender Metro Bank Plc.
New York-based Apollo, which has a track record in financial services investments, approached Metro Bank several weeks ago to express its interest in a potential deal, according to the people. The private equity firm decided in recent days not to proceed with a bid, the people said, asking not to be identified discussing confidential information.
I seem to recall, a few years ago-maybe upto 5 years-
there was a similar approach, and the Management refused that offer, it was widely discussed, and general
conclusion was it would take an offer of £5.00- give or take a few pennies !
I cannot remember exact numbers or dates, but I can recollect the interest for the Offer.
So Carlyle were way off, and as normal with any offers, the Offer is always LOW-
so, whilst there is an interest, I firmly believe, the Apollo Business have gathered all their info,
and .......................who knows.
New offer in New Year ?
No offer-asking Price is out of their reach ?
any thoughts guys/gals ??