Apollo Global Management has completed an all-stock acquisition of Bridge Investment Group Holdings Inc. Bridge will operate as a platform company within Apollo’s asset management business, maintaining its brand and leadership. Bridge stockholders will receive 0.07081 Apollo shares for each Bridge share, equivalent to $11.50 per Bridge Class A share. David Sambur, Apollo Partner, stated that the acquisition enhances Apollo’s real estate capabilities. Bob Morse, Bridge Executive Chairman, mentioned that joining Apollo will broaden investment verticals and strengthen capital formation. APO is currently trading at $134.56 on the NYSE.

Read more at Nasdaq, Inc.: Apollo Completes All-Stock Acquisition Of Bridge To Expand Real Estate Equity Platform