THG – shares jump 36% on approach from Apollo Global
The UK Investor recently featured THG (LON:THG) online retailer has had an approach from Apollo Global Management.
In reaction the group’s shares leapt 36% to 90p.
It was only last week that we asked whether the shares, then 65p, were a Buy or a Sell.
We suggested that they could easily hit the 80p level, however even that price has been beaten.
There are no details as yet about the value of the approach but the market is giving its guidance as to potential price.
The group is due to announce its 2022 finals tomorrow – so investor attention will be quite intense over the next few days.