business
Monday, December 15, 2014
It would be the largest corporate takeover highly leveraged by a financial investor in US history. Apollo is an eye cast on animal feed manufacturers Petsmart – and is reportedly ready to lay billion on the table .
In the US, the largest takeover is looming through a financial investor. The specialty chain for pet food and accessories Petsmart could be taken for some eight billion dollars (6.4 billion euros) from the financial investor Apollo according to information provided by the Bloomberg news agency.
The talks ran for several weeks, the report said, citing a person familiar with the matter. An offer for the chain with 53,000 employees and 1,340 stores is within reach. Speaker of the companies involved did not comment.
If Apollo access, this would be the largest corporate takeover highly leveraged in the United States. So far, the takeover of the industrial enterprise Gates Global is here by Blackstone for $ 5.4 billion up front. The 2014 has so far been relatively quiet in terms of highly leveraged acquisitions by financial investors. To date, the volume went to Bloomberg data, $ 100 billion in 2013 to $ 65 billion back.
Source: n-tv.de
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