MKM Partners Downgrades Diamond Resorts International (DRII) to Neutral

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Go back to MKM Partners 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

Apollo Global (APO) Said Near Deal to Buy Diamond Resorts (DRII) - DJ

June 29, 2016 8:00 AM EDT

Apollo Global (NYSE: APO) Said Near Deal to Buy Diamond Resorts (NYSE: DRII) - DJ

... More