MKM Partners Downgrades Diamond Resorts International (DRII) to Neutral
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Apollo (APO) to Acquire Diamond Resorts (DRII) in $2.2B Deal
June 29, 2016 9:06 AM EDTDiamond 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
Apollo Global (APO) Said Near Deal to Buy Diamond Resorts (DRII) - DJ
June 29, 2016 8:00 AM EDTApollo Global (NYSE: APO) Said Near Deal to Buy Diamond Resorts (NYSE: DRII) - DJ
... More