Deadline looms for Asda takeover bids

// Private equity firms have until today to make takeover offers for Asda
// Apollo & Lone Star are the front runners in preparing takeover offers for the Walmart-owned grocery chainAsda could potentially have a change of hands as early as this week, a private equity firms scramble to finalise their takeover bids for the Big 4 grocer ahead of today’s deadline.
According to The Telegraph, Apollo Global Management and rival Lone Star Funds are preparing takeover offers for £6.