Goldman Sachs Downgrades Diamond Resorts International (DRII) to Neutral

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. ANET
7. SWKS
8. CVS
9. SPY
10. XYZ

Go back to Goldman Sachs Downgrades Diamond Resorts International (DRII) to Neutral

Apollo (APO) to Acquire Diamond Resorts (DRII) in $2.2B Deal

June 29, 2016 9:06 AM EDT

Diamond Resorts International, Inc. (NYSE: DRII) announced that it has entered into an Agreement and Plan of Merger with affiliates of certain funds (the Apollo Funds) managed by affiliates of Apollo Global Management, LLC (NYSE: APO), pursuant to which the Apollo Funds will acquire Diamond Resorts for $30.25 per share or approximately $2.2 billion.

The all-cash offer represents a premium of approximately 26% over Diamond Resorts closing share price on June 28, 2016, and a premium of approximately 58% over the closing share price on February 24, 2016, the day of Diamond Resorts announcement that it was exploring... More