- 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.
Apollo Global closes on $1.6B Outerwall deal
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Symbol | Last Price | % Chg |
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Apollo Global Management, Inc. |