Applus Services, S.A. (APPS.MC)
| Previous close | 11.44 |
| Open | 11.40 |
| Bid | 11.50 x 0 |
| Ask | 11.54 x 0 |
| Day's range | 11.40 - 11.52 |
| 52-week range | 7.31 - 11.66 |
| Volume | |
| Avg. volume | 149,466 |
| Market cap | 1.483B |
| Beta (5Y monthly) | 0.96 |
| PE ratio (TTM) | 57.50 |
| EPS (TTM) | 0.20 |
| Earnings date | 22 Feb 2024 |
| Forward dividend & yield | 0.16 (1.40%) |
| Ex-dividend date | 04 Jul 2023 |
| 1y target est | 9.56 |
- Reuters
Applus' board favours Amber's takeover bid over Apollo's
The takeover bidding war for industrial testing firm Applus started last summer when buyout fund Apollo and its rival Amber, a vehicle of infrastructure fund I Squared Capital Advisors and TDR Capital, filed a tender offer for the Spanish company. Both funds have improved their offers and Amber has ended up offering 11 euros per share while Apollo's bid amounts to 10.65 euros a share.
- Reuters
Apollo agree to buy 22% stake in Applus in tender offer after raising price
Apollo had made a cash bid for Applus at 9.50 euros per share in June. Apollo's agreement with 15 investors in Applus is the latest episode of a bidding war pitching the U.S. fund against infrastructure fund I Squared Capital Advisors and TDR Capital, who offered 9.75 euros per share. Spain's government last month authorised Apollo to take over Applus, while the stock market regulator is still assessing I Squared and TDR's offer.
- Reuters
Spain greenlights Apollo's bid for Applus Services
The decision followed a favourable report by the country's Foreign Investment Board, Manzana Spain Bidco - which is fully owned by Apollo - said in the regulatory filing. Apollo made a cash bid for Applus in June at 9.50 euros ($10.51) per share, valuing the company at 1.23 billion euros.
