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Birmingham Post

Business

Alistair Houghton

UNCOVERED: Thg reveals takeover approach from apollo global management | History Defined

THG Apollo Apollo Global Management

Shares in online retail and software giant THG have soared this morning after the Manchester group revealed a preliminary takeover approach.

THG, formerly The Hut Group, confirmed it had received a "highly preliminary and non-binding indicative proposal" from Apollo Global Management.

Shares in the group rose more than 40% this morning on the news.

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