OREANDA-NEWS. August 24, 2016. Affiliates of certain funds managed by affiliates of
Apollo Global Management, LLC (NYSE: APO) (together with its
consolidated subsidiaries, “Apollo”) determined to further extend the
offering period of Apollo’s previously announced cash tender offer to
purchase all of the outstanding shares of common stock of Diamond
Resorts International, Inc. (“Diamond Resorts”) for a period of four (4)
business days. The tender offer, as previously extended, was scheduled
to expire at 5:00 P.M., New York City time, on August 24, 2016. The
expiration date of the tender offer is extended to 5:00 P.M., New York
City time on August 30, 2016, unless further extended.
Continental Stock Transfer & Trust Company, the depositary for the
tender offer, has advised Apollo that, as of 5:00 P.M., New York City
time, on August 23, 2016, 41,066,105 shares of common stock of Diamond
Resorts were tendered pursuant to the tender offer, which represented
approximately 58.88% of the outstanding shares of common stock of
Diamond Resorts. Stockholders who have already tendered their shares of
common stock of Diamond Resorts do not have to re-tender their shares or
take any other action as a result of the extension of the expiration
date of the tender offer.
Okapi Partners LLC is the Information Agent for the tender offer and any
questions or requests for the Offer to Purchase and related materials
with respect to the tender offer may be directed to them, toll-free at
(877) 629-6357.
About Apollo
Apollo (NYSE: APO) is a leading global alternative investment manager
with offices in New York, Los Angeles, Houston, Chicago, Bethesda,
Toronto, London, Frankfurt, Madrid, Luxembourg, Singapore, Mumbai,
Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under
management of approximately \\$186 billion as of June 30, 2016, in private
equity, credit and real estate funds invested across a core group of
nine industries where Apollo has considerable knowledge and resources.
For more information about Apollo, please visit www.agm.com.
Forward-Looking Statements
In this press release, references to “Apollo,” “we,” “us,” “our” and
the “Company” refer collectively to Apollo Global Management, LLC,
together with its consolidated subsidiaries. This press release may
contain forward looking statements that are within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. These statements
include, but are not limited to, discussions related to Apollo’s
expectations regarding the performance of its business, its liquidity
and capital resources and the other non-historical statements in the
discussion and analysis. These forward-looking statements are based on
management’s beliefs, as well as assumptions made by, and information
currently available to, management. When used in this press release, the
words “believe,” “anticipate,” “estimate,” “expect,” “intend” and
similar expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in these
forward looking statements are reasonable, it can give no assurance that
these expectations will prove to have been correct. These statements are
subject to certain risks, uncertainties and assumptions, including risks
relating to our dependence on certain key personnel, our ability to
raise new private equity, credit or real estate funds, market
conditions, generally, our ability to manage our growth, fund
performance, changes in our regulatory environment and tax status, the
variability of our revenues, net income and cash flow, our use of
leverage to finance our businesses and investments by our funds and
litigation risks, among others. We believe these factors include but are
not limited to those described under the section entitled “Risk Factors”
in Apollo’s annual report on Form 10-K filed with the Securities and
Exchange Commission (the “SEC”) on February 29, 2016, as such factors
may be updated from time to time in our periodic filings with the SEC,
which are accessible on the SEC’s website at www.sec.gov.
These factors should not be construed as exhaustive and should be read
in conjunction with the other cautionary statements that are included in
this press release and in other filings. We undertake no obligation to
publicly update or review any forward-looking statements, whether as a
result of new information, future developments or otherwise, except as
required by applicable law. This press release does not constitute an
offer of any Apollo fund.
Additional Information
This press release is neither an offer to purchase nor a solicitation
of an offer to sell securities. On July 14, 2016, affiliates of
certain funds managed by affiliates of Apollo filed a tender offer
statement on Schedule TO (including the Offer to Purchase, a related
Letter of Transmittal and other offer materials) with the SEC and
Diamond Resorts filed the related Solicitation/Recommendation statement
on Schedule 14D-9 with the SEC. Prior to making any decision regarding
the tender offer, Diamond Resorts stockholders are strongly advised to
read the Schedule TO (including the Offer to Purchase, a related Letter
of Transmittal and other offer materials) and the related
Solicitation/Recommendation statement on Schedule 14D-9. Diamond Resorts
stockholders may obtain the Schedule TO (including the Offer to
Purchase, a related Letter of Transmittal and other offer materials) and
the related Solicitation/Recommendation statement on Schedule 14D-9 at
no charge on the SEC’s website at www.sec.gov.
In addition, the Schedule TO (including the Offer to Purchase, a related
Letter of Transmittal and other offer materials) and the related
Solicitation/Recommendation statement on Schedule 14D-9 may be obtained
free of charge from Okapi Partners LLC, the information agent for the
tender offer, at 1212 Avenue of the Americas, 24th Floor, New York, New
York 10036, Telephone Number (877) 629-6357 or banks and
brokers may call (212) 297-0720.
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