APO
120.3
$
-0.70%
Stock APO APOLLO GLOBAL MANAGEMENT, INC.
End-of-day quote Nyse 06:00:00 2024-07-17 pm EDT 1st Jan Change
120.3 USD -0.70% +29.12%
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Radian Group Reportedly Held Deal Talks With Investor Group
February 15, 2019 at 12:00 am EST
Radian Group Inc. (NYSE:RDN) was in takeover talks with an investor group including Apollo Global Management, LLC (NYSE:APO) and Centerbridge Partners, L.P.as recently as last week, before discussions stalled over the terms of a potential deal, according to people familiar with the matter. Canada Pension Plan Investment Board, which owns 2.4% of Radian, according to data compiled by Bloomberg, was also part of the group, said the people, who asked not to be identified as the details are private. It's unclear whether the talks could be revived, the people said.
Representatives for Apollo, Canada Pension and Radian declined to comment. Centerbridge didn't respond to requests for comment.