Deals
Apollo Weighs Higher Bid for Danish Phone Carrier TDC
- Buyout firm Apollo is raising financing as it explores new bid
- Other private equity firms may also bid for the carrier
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Buyout firm Apollo Global Management LLC is considering a higher offer for Danish phone company TDC A/S after an initial approach was rejected in July, according to people familiar with the matter.
Apollo is working with financial advisers and raising funds for the new offer, the people said, asking not to be identified because the deliberations are private. A new bid may come within weeks, one of the people said. TDC has a market value of about $4.5 billion.