Previous close | 11.48 |
Open | 11.58 |
Bid | 12.46 x 0 |
Ask | 13.08 x 0 |
Day's range | 11.56 - 12.80 |
52-week range | 7.46 - 12.80 |
Volume | |
Avg. volume | 536,927 |
Market cap | 1.498B |
Beta (5Y monthly) | 1.06 |
PE ratio (TTM) | 29.05 |
EPS (TTM) | 0.40 |
Earnings date | N/A |
Forward dividend & yield | 0.16 (1.61%) |
Ex-dividend date | 04 Jul 2023 |
1y target est | N/A |
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.
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.
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.