Apollo Funds to Acquire Barnes Group for $3.6 Billion in Cash

Barnes Group Inc. (B) announced on October 7, 2024, that Apollo Funds will acquire the aerospace parts maker in an all-cash deal valued at $3.6 billion.

Deal Structure:

Under the terms of the agreement, Barnes shareholders will receive $47.50 per share in cash from the funds managed by affiliates of Apollo Global Management (APO), representing a premium of 4.95% from the stock’s last close.

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