Apollo Global closes on $1.6B Outerwall deal

• With payment made, Apollo Global Management (NYSE:APO) has wrapped its purchase of kiosk operator Outerwall (OUTR).
• Apollo paid $52/share (total enterprise value of $1.6B, including debt). On Sept. 23, about 69.3% of the outstanding shares of Outerwall were tendered and accepted.
• The firm said Outerwall's segments will be operated as three distinct businesses: Galen Smith will run Redbox as its CEO, James Gaherity will serve as CEO of Coinstar, and David Maquera will act as CEO of ecoATM.
• Outerwall CEO Erik Prusch is leaving the company.