22nd Jan 2019 11:13
LONDON (Alliance News) - Private equity firm Apollo Global Management LLC is in advanced talks to acquire European packaging company RPC Group PLC for more than USD3.8 billion and a deal could be announced as soon as Tuesday, the Wall Street Journal newspaper reported Monday citing people familiar with the matter.
https://www.wsj.com/articles/apollo-nears-deal-to-acquire-u-k-packaging-company-rpc-group-for-more-than-3-8-billion-11548090633
RPC in September 2018 disclosed that it was in talks with both Apollo and buyout rival Bain Capital about a possible sale. Bain withdrew from the bidding in early December, however.
RPC last Friday said the deadline for Apollo Global to make a bid has been been extended once again. Apollo Global initially had until last Friday to make an offer, which has now been extended until Wednesday.
RPC shares were trading up 1.4% at 736.80 pence on Tuesday morning.
Related Shares:
Rpc Group