Apollo Global Management (APO) on Friday has dropped its bid to acquire UK's Bodycote.
The firm said it does not intend to make a firm offer for the London-listed company, ending talks after submitting a conditional takeover proposal in May at 8.85 British pounds ($11.89) per share.
Apollo did not provide a reason for the withdrawal but said it continues to hold Bodycote and its management "in high regard."
Bodycote said it is no longer in an offer period following Apollo's withdrawal.
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