Applus draws takeover interest from Apollo, Apax
Shares of Spanish industrial testing company Applus rose 14% on May 4 after Reuters reported that the company had drawn interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement to the Spanish market regulator on May 5 that it had received unsolicited approaches from investors, allowing them to conduct due diligence. The news further drove the stock price on May 5 to its highest level since 2020.0
