Funds managed by Apollo Management X, L.P. and Apollo Global Management, Inc. proposed to acquire Bodycote plc from a group of shareholders for £1.5 billion.
Published on 05/22/2026
at 04:57 pm EDT - Modified on 05/21/2026
Funds managed by Apollo Management X, L.P. and Apollo Global Management, Inc. (NYSE:APO) proposed to acquire Bodycote plc (LSE:BOY) from a group of shareholders for £1.5 billion on May 22, 2026. A cash consideration valued at £9.011 per share will be paid by Apollo Management X, L.P. and Apollo Global Management, Inc. Under the proposal, Bodycote shareholders would receive an offer price of 885 pence per share in cash and would be entitled to receive the proposed final dividend of 16.1 pence per share for the 2025 financial year without any reduction to the offer price.
The transaction is subject to shareholders approval of Bodycote.
Barclays Bank PLC acted as financial advisor for Bodycote plc. Goldman Sachs International acted as financial advisor for Bodycote plc.
Apollo Global Management, Inc. specializes in alternative asset management. The activity is organized around two sectors:
- sale of retirement savings products: for institutions, companies and individuals;
- alternative asset management: fund management on behalf of pension funds, sovereign wealth funds, institutional and individual investors.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
Funds managed by Apollo Management X, L.P. and Apollo Global Management, Inc. proposed to acquire Bodycote plc from a group of shareholders for £1.5 billion.
Choose MarketScreener 
