OREANDA-NEWS. September 01, 2016. Affiliates of certain funds managed by affiliates of Apollo Global
Management, LLC (NYSE:APO) (together with its consolidated subsidiaries,
“Apollo”) and Outerwall Inc. (“Outerwall”) today announced an agreement
to extend the offering period of Apollo’s previously announced cash
tender offer to purchase all of the outstanding shares of common stock
of Outerwall to 12:00 Midnight, New York City time, on September 22,
2016 (one minute after 11:59 P.M., New York City time, on September 22,
2016), unless further extended. The tender offer was previously
scheduled to expire at 12:00 Midnight, New York City time, on September
1, 2016 (one minute after 11:59 P.M., New York City time, on September
1, 2016).
Computershare Trust Company, N.A., the depositary for the tender offer,
has advised Apollo that, as of 5:00 P.M., New York City time, on August
31, 2016, 4,834,209 shares of common stock of Outerwall were tendered
pursuant to the tender offer, which represented approximately 28.1% of
the outstanding shares of common stock of Outerwall. Stockholders who
have already tendered their shares of common stock of Outerwall 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 acting as information agent for Apollo in the
tender offer. Requests for documents and questions regarding the tender
offer may be directed to Okapi Partners LLC by telephone at (855)
305-0856 or banks and brokers may call (212) 297-0720, or by email at info@okapipartners.com.
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, Shanghai and Hong Kong. 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 August 5, 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 Outerwall filed the related Solicitation/Recommendation statement on
Schedule 14D-9 with the SEC. Prior to making any decision regarding the
tender offer, Outerwall 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. Outerwall
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 (855) 305-0856 or banks and
brokers may call (212) 297-0720.
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