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The Fresh Market Agrees to be Acquired by Funds Managed by Affiliates of Apollo Global Management for $28.50 Per Share in Cash

March 14, 2016 6:30 AM EDT

GREENSBORO, N.C. and NEW YORK, March 14, 2016 (GLOBE NEWSWIRE) -- The Fresh Market, Inc. (NASDAQ: TFM) (The Fresh Market or the Company), a growing specialty grocery retailer, and an affiliate of Apollo Global Management, LLC (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that they have entered into a definitive agreement (the Merger Agreement) whereby certain funds managed by Apollo, a leading global alternative investment manager, will acquire The Fresh Market for approximately $1.36 billion.

The $28.50 per share all-cash offer by the Apollo Funds represents a premium of... More