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Birmingham Post
Birmingham Post
Business
Alistair Houghton

THG reveals takeover approach from Apollo Global Management

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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