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APO - Aegion gains after report of rival bid from Apollo Global
Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
Aegion (AEGN) rose 4.2% in after hours trading after a report that PE firm Apollo Global (APO) made a rival bid for the company, topping a deal with New Mountain Capital made last month.Apollo Global is said to have offered more than the $26/share agreed in the New Mountain transaction, though below $30, according to a Bloomberg report.Yesterday, Aegion EPS beats by $0.03, misses on revenue.