Benzinga | Nov 22, 2021 07:38AM EST

Apollo Global Examined Bid For Marks & Spencer: Report

* Apollo Global Management Inc (NYSE:APO) reportedly examined a buyout of U.K.'s Marks & Spencer Group PLC (OTC:MAKSF) (OTC:MAKSY), Reuters reported.

* The New York-based company considers the purchase a bargain, as the group's shares are weighed down by the impact of the COVID-19 and the market failing to attribute enough value to Ocado Group PLC (OTC:OCDDY) venture, the report added.

* Apollo unsuccessfully bid for supermarket chain Asda, acquired by private equity firm TDR and the Issa brothers last year for ?6.8 billion.

* Price Action: APO shares closed lower by 0.60% at $74.95 on Friday.