COMPANIES BPP , the business college operator, has agreed a 620p-per-share offer from Apollo Global, the US education investor. The deal values BPP’s equity at £303.5m ($487.6m).
In late afternoon trading on Monday, BPP shares were up 50p at 617p, but several shareholders gave only lukewarm approval to the bid. Andy Brough, a fund manager at Schroders who controls 17 per cent of BPP’s stock, said that he was in favour of “any cash offer”.
