Apollo Agrees to Acquire Emerald Holding, Questex in $1.5 Billion All-Cash Deals
MT Newswires Live
May 11
Apollo Global Management Inc (APO) said Monday its managed funds signed definitive agreements to purchase Emerald Holding (EEX) and Questex to form a combined business events platform.
The company will pay $5.03 per share to acquire Emerald, assigning the target company an expected value of about $1.50 billion, the company said.
The buyout is expected to close in H2, depending on standard regulatory clearance and shareholder support, including a committed vote from majority owner Onex, Apollo said.
Following the completion of the transaction, Emerald will leave the public stock exchange and become a private business, it said.
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