APM Human Services (ASX:APM) confirms takeover bid from major shareholder
APM Human Services's major shareholder, Madison Dearborn Capital Partners, which holds over 30% of the company's stock, has emerged as the frontrunner for a takeover.
A letter of intention has been received from Madison Dearborn to acquire 100% of APM's shares.
APM seeks an extension for considering the offer, aiming to resume trading on April 8.
The company suspended trading to address interest from potential buyers after a failed $1.8 billion bid by CVC.
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