(Tiper Stock Exchange) – Apollo Global Managementthe US private equity giant, has announced its intention to promote avoluntary takeover bid (OPA). on all the shares of Applus Servicesa Spanish company that provides inspection, testing and quality assurance services.
Apollo notified the Spanish stock market regulator that it had bid €9.50 in cash per sharea 1.9% premium to Thursday’s closing price of €9.32, for a total valuation of €1.23bn.
Take off Applus Serviceswhich stands at 9.83 euros, with an increase of 5.42%. Operationally, expectations are for a positive continuation of the day with resistance seen in the 9.91 area and later at 10.06. Support at 9.77.