Barnes Group Agrees To Be Acquired By Apollo Funds For $3.6B; Barnes Shareholders To Receive $47.50 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Barnes Group has agreed to be acquired by Apollo Funds for $3.6 billion. Shareholders of Barnes will receive $47.50 per share in cash.
October 07, 2024 | 10:46 am
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POSITIVE IMPACT
Apollo Funds is acquiring Barnes Group for $3.6 billion, expanding its portfolio with this strategic acquisition.
The acquisition of Barnes Group by Apollo Funds is a strategic move that could enhance Apollo's investment portfolio, potentially leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Barnes Group is set to be acquired by Apollo Funds for $3.6 billion, with shareholders receiving $47.50 per share in cash.
The acquisition by Apollo Funds at a premium price of $47.50 per share is likely to positively impact Barnes Group's stock price in the short term as it reflects a premium over the current market price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100