A PYMNTS Company

US: Outerwall agrees to $1.6bn offer

By  |  July 25, 2016

On July 25, Outerwall Inc. announced a deal to be acquired for $1.6 billion by funds managed by Apollo Global Management.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The deal’s terms state that Apollo will pay $52 a share in cash for each Outerwall share outstanding, representing an 11% premium to Friday’s closing price of $46.91. Outerwall expects the deal to close during this year’s third quarter.

    Full Content: Marketwatch

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.