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OFFON

APOLLO GLOBAL MANAGEMENT, INC.

(APO)
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Apollo Global Management Mulls Bid for Morrison Supermarkets -- Update

07/05/2021 | 03:08am EDT

By Sabela Ojea

Apollo Global Management Inc. said Monday that it is in the preliminary stages of making a possible offer for Wm. Morrison Supermarkets PLC.

The New York firm said that it hasn't yet approached the board of the British grocer, adding that there can be no certainty that any offer will be made.

The terms of a potential offer aren't yet finalized, the company said.

On July 3, a group of investors led by SoftBank Group Corp.'s Fortress Investment Group LLC agreed to buy the grocery chain for more than $8.7 billion.

On June 21, Morrisons said that it had rejected a $7.7 billion offer proposal made by U.S. private-equity group Clayton Dubilier & Rice LLC.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

07-05-21 0307ET

Stocks mentioned in the article
ChangeLast1st jan.
APOLLO GLOBAL MANAGEMENT, INC. -0.49% 62.71 Delayed Quote.28.66%
SOFTBANK GROUP CORP. -1.39% 6542 End-of-day quote.-18.81%
WM MORRISON SUPERMARKETS PLC 0.17% 291.1 Delayed Quote.64.14%
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Analyst Recommendations on APOLLO GLOBAL MANAGEMENT, INC.
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Financials (USD)
Sales 2021 2 183 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 3,15%
Capitalization 14 770 M 14 770 M -
Capi. / Sales 2021 6,77x
Capi. / Sales 2022 6,13x
Nbr of Employees 1 825
Free-Float 90,9%
Chart APOLLO GLOBAL MANAGEMENT, INC.
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Apollo Global Management, Inc. Technical Analysis Chart | APO | US03768E1055 | MarketScreener
Technical analysis trends APOLLO GLOBAL MANAGEMENT, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 62,71 $
Average target price 69,22 $
Spread / Average Target 10,4%
Managers and Directors
Marc Jeffrey Rowan Chief Executive Officer & Director
Scott Martin Kleinman Co-President & Director
James Charles Zelter Co-President & Director
Martin Kelly Co-Chief Operating & Financial Officer
Walter Clayton Non-Executive Chairman
Sector and Competitors