Deals
Apollo Bids for Aegion After New Mountain Buyout Deal
- Aegion confirms unsolicited proposal from another party
- Apollo is offering to pay more than New Mountain for company
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Apollo Global Management Inc. has made a bid for Aegion Corp., a pipeline-services company that last month agreed to be taken private by New Mountain Capital, according to people with knowledge of the matter.
The New York-based firm’s offer values Aegion at more than the $26 per share in the New Mountain deal, and less than $30 a share, said one of the people, who asked not to be named because the bid hasn’t been announced. It’s possible that Apollo could combine Aegion with another company, one of the people said.