THG shares fall after failed takeover talks with Apollo

Investors, who have wiped out 90% of THG’s market value since September 2020, react to the latest development

THG has ended talks about a possible takeover bid by Apollo saying that the private equity company’s offer is an inadequate valuation of the online retail tech company.

THG, formerly known as the Hut Group, said that after a “short period of discussion” to give Apollo the chance to up its offer for the company, its board has unanimously decided to “terminate all discussions”.