apollo global management

Recently, it was announced that Apollo Global Management, LLC successfully completed a merger transaction which permits their affiliates of Apollo Funds to acquire all of the outstanding common stock of Diamond Resorts International, Inc. Affiliates will receive a $30.25 per share cash tender for all outstanding shares of common stock following the merger.

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Just reported this morning, Diamond Resorts International has agreed to be bought by private equity firm Apollo Global Management LLC for $2.2 billion dollars.

Apollo will pay $30.25 per share—a 26% premium over Diamond’s closing share price Tuesday. This offer is 58% more than Diamond Resorts’ closing share price on February 24th. At that time, the company had said they were exploring strategic alternatives for growth.

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