After rejecting the private equity firm’s most recent purchase offer, British e-commerce platform THG Plc (THG.L) announced on Friday that it had ended talks with Apollo Global Management (APO.N), citing “no merit” in discussions.
THG stock jumped by more than 40 percent last month after the company announced it had received a “highly preliminary” takeover proposal from Apollo Global Management.
THG stated it did not see any benefit in asking for more time before Apollo had to make a final offer or walk away on May 15th.
