- Millicom International Cellular (TIGO ) jumped 16% on a report that private equity firm Apollo ( APO ) and former Softbank executive Marcelo Claure are considering a bid that would value the Late American telecom company at almost $10 billion.
- The group is considering a bid in the high teens per share, according to an FT report.
- Apollo ( APO ) declined to comment to the FT and Claure and Millicom ( NASDAQ: TIGO ) didn't immediately respond to a request for comment.
- The FT item comes after Reuters reported in 2019 that Liberty Latin America had approached Millicom ( TIGO ) with a takeover bid.
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Millicom International surges after report of takeover interest