News: APM UPDATE 1-Australia's APM Human Services gets takeover offer from largest shareholder

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April 5 (Reuters) -

APM Human Services International (APM) said on Friday it had received a letter of intention from its largest shareholder, Madison Dearborn Capital Partners, to acquire all shares of the Australian employment services firm.

The company, which went on a trading halt last week, requested its trading suspension be extended to April 8 to receive and consider the indicative offer.

APM did not reveal further details but said it expects to receive a non-binding indicative offer on Friday.

Madison Dearborn owns more than 29% stake in the company.

The development comes after private equity firm CVC Asia Pacific failed to go ahead with its A$1.83 billion ($1.20 billion) takeover offer for the company.

($1 = 1.5188 Australian dollars)