The Fresh Market (TFM) Takeover Seen as Best Case Scenario at Deutsche Bank

Go back to The Fresh Market (TFM) Takeover Seen as Best Case Scenario at Deutsche Bank

Apollo Global to Acquire The Fresh Market (TFM) for ~$1.36B

March 14, 2016 6:32 AM EDT

The Fresh Market, Inc. (NASDAQ: TFM) and an affiliate of Apollo Global Management, LLC (NYSE: APO) announced that they have entered into a definitive 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 approximately 24% over The Fresh Markets closing share price on March 11, 2016, and a premium of approximately 53% over the February 10, 2016 closing share price, the day prior to press... More

Exclusive: Apollo Global nears deal to acquire Fresh Market - sources

March 11, 2016 10:32 PM EST

By Greg Roumeliotis and Mike Stone

(Reuters) - Private equity firm Apollo Global Management LLC (NYSE: APO) is nearing a deal to acquire Fresh Market Inc (NASDAQ: TFM), a U.S. specialty grocery retailer, for more than $1.3 billion, people familiar with the matter said on Friday.

The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector. The New York-based buyout firm's past investments include Sprouts... More