THG shares surge off the back of private equity buyout approach

Matt Moulding (photo credit - Peter Searle)

Source: Peter Searle

THG shares have surged after the retailer confirmed it received “a highly preliminary and non-binding indicative proposal” for a buyout from private equity firm Apollo Global Management.

Shares of the online retailer rose more than a third on Monday after it confirmed the news.

THG did not disclose any pricing information and said Apollo is required to make an offer by May 15, in accordance with the rules of the board. 

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