...#s are being Crunched. Apollo desperate to get Bain to Secure ANY Deal. Many bidders have walked away....
The "newbies" in charge have big egos and low confidence, which leads to big mouths spewing promises of a big deal pending.
I trust it's "Just a Deal". Not "Big". Not "Inspiring". Not 'Transformational".
Just
A
Deal
Private Equity needs to shift the losses.
From one frying pan to the next.