OM Group, Inc.NYSE
Jun. 1, 2015, 8:17 AM
- Funds managed by affiliates of Apollo Global (NYSE:APO) agree to purchase OM Group (NYSE:OMG) for $34 per share in cash - 28% above Friday's close.
- Apollo in turn will spin off OM's Electronic Chemicals and Photomasks businesses to Platform Specialty Products (NYSE:PAH) for $365M in cash. The businesses generated $28M of adjusted EBITDA last year, and PAH sees synergy opportunities north of $20M over the next two years.
Jul. 5, 2011, 7:46 AM