Bodycote says Apollo has pulled £1.5bn offer, shares slump
By Frank Prenesti
Date: Friday 05 Jun 2026
(Sharecast News) - Bodycote said Apollo Management had pulled out of its proposed £1.5bn offer for the UK thermal processing company, sending its shares down 12%.
"The board of Bodycote has strong confidence in Bodycote's potential and its strategy to create a high-performing, resilient business with attractive growth prospects," the company said on Friday.
It reiterated it had made a positive start to 2026 trading as set out in a trading update last month. US-based Apollo submitted an all-cash bid to Bodycote two weeks ago after several approaches.
Reporting by Frank Prenesti for Sharecast.com
See latest RNS on Investegate
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN