Emerald Expositions shares rise on Apollo buyout report

Investing.com -- Shares of Emerald Expositions Events climbed more than 6.3% in pre-market trading on Monday following a Wall Street Journal report that Apollo Global Management will acquire the company.

According to the report, Apollo Global Management will acquire publicly traded Emerald Holding and privately held Questex to create a platform for live events.

Emerald shareholders will reportedly receive $5.03 in cash per share under the deal terms, valuing the company at roughly $1 billion.

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