Average of 24.28% annual share price growth from December 1st to November 30th for the past 5 years. $123.47 is quite reasonable although WAT has underperformed the market thus far this year. With catch up could easily reach 139.
The truth is nobody knows for sure what they will do. The history of Vodafone is to invest in a diverse range of telecom companies worldwide. Recent banter has them significantly increasing investments in Africa.
There are plenty of buyers far better capable of bringing a deal to fruition than Apollo.
Furthermore, a Chinese, European or American buyer would benefit from expanded technology and patents held by Cooper. They have a real lead in the truck business.