05:00 AM EDT, 06/05/2026 (MT Newswires) -- Apollo Global Management ( APO ) on Friday has dropped its bid to acquire UK's Bodycote.

The firm said it does not intend to make a firm offer for the London-listed company, ending talks after submitting a conditional takeover proposal in May at 8.85 British pounds ($11.89) per share.

Apollo did not provide a reason for the withdrawal but said it continues to hold Bodycote and its management "in high regard."

Bodycote said it is no longer in an offer period following Apollo's withdrawal.