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If Apollo or Bain don’t bid for £3 billion plastics company RPC the stock could plummet
Are private equity giants Apollo and Bain really interested in a heavily shorted company that doesn’t generate much cash? It won’t be long before investors find out.
A £3.3 billion U.K. plastic packaging company called RPC Group said last month it was in talks with Apollo Global Management and Bain Capital about a buyout. The company—8% of whose shares are on loan to short sellers—faces big questions about its accounting, strategy and performance.