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Evening Standard
Evening Standard
Business
Daniel O'Boyle

The Hut Group shares plunge as it walks away from Apollo takeover talks

Apollo THG Matt Moulding

Shares in The Hut Group (THG) plunged as the online retailer revealed today it had walked away from takeover talks with private equity firm Apollo.

THG had announced last month that Apollo had made a “highly preliminary” buyout proposal, prompting the ecommerce group’s shares to surge.

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