April 2 (Reuters) - Australia's APM Human Services (APM) is in talks with various parties regarding a potential transaction, it said on Tuesday, days after private equity firm CVC Asia Pacific failed to go ahead with its A$1.83 billion ($1.19 billion) takeover offer.
The employment services firm, which went on a trading halt last week after the exclusivity period for CVC Asia Pacific's proposed takeover bid expired, requested its shares be suspended from trading.
APM last traded at A$1.630 per share on March 26 before the halt.
APM did not specify if the talks were for a buyout or a stake sale. It also did not disclose the names of the parties interested or the proposed transaction values.
However, a local media report suggested that private equity firms such as U.S.-based Apollo Global Management and Bain Capital, among others, could be interested, and added that APM could still be in talks with CVC Asia Pacific.
CVC Asia Pacific had initially tabled an offer of A$1.60 per share for APM that the latter rebuffed, citing that the bid did not "sufficiently reflect its fundamental value". It later upped the offer to A$2.00 per share.
CVC Asia Pacific did not immediately respond to Reuters' requests for comment. ($1 = 1.5406 Australian dollars)
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News: APM Australia's APM Human Services in talks for likely deal as CVC Asia's $1.2 bln offer fails
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