Dec 21 (Reuters) - RPC Group Plc on Friday yet again pushed the deadline by which Apollo Global Management must make a firm offer to buy the London-listed plastics packaging firm or walk away.
The fourth such extension of the deadline gives the U.S. private equity firm time until Jan. 18 to make a firm buyout offer.
“Discussions are well advanced and Apollo has confirmed to RPC that its diligence is now substantially complete,” RPC said in a statement.
U.S.-based Bain Capital was also in discussions with RPC for a possible buyout but talks ended early this month, leaving Apollo in the lead to buy Europe’s biggest plastics packager. (Reporting by Samantha Machado in Bengaluru; Editing by Sai Sachin Ravikumar)