Apollo could make higher offer for TDC; Telia could also be interested - report
Apollo Global Management is reportedly mulling over raising the offer for Denmark – based telecoms company TDC, according to Bloomberg.
The wire report cited unnamed sources close to the situation and wrote that the investor company is thinking of making a higher offer than its original bid, which was rejected in July. The item said that Apollo had engaged financial advisors for the job as well as it is raising funds. The item claimed that Apollo may make its renewed offer within weeks.
The Sweden – based telecoms company Telia could also make an offer, the item said, citing the same unnamed sources and TDC could even interest other private equity players. TDC turned down a bid earlier in July but did not say who the bidder was. The item said that Apollo may still decide not to make an offer.