FirstGroup rejects Apollo takeover proposal

FirstGroup plc confirmed on April 11 that it had received a ‘preliminary and highly conditional’ indicative cash takeover proposal from US private equity firm Apollo Management.

FIRSTGROUP: The board of UK-based rail and bus operator FirstGroup plc confirmed on April 11 that it had received a ‘preliminary and highly conditional’ indicative cash takeover proposal from US private equity firm Apollo Management IX LP.

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