Apollo Global to buy industrial magnet maker OM for $1.03 billion

June 1, 2015 1:20 PM

70 0

Private equity firm Apollo Global Management LLC (APO.N) will buy industrial magnet and battery maker OM Group Inc (OMG.N) for about $1.03 billion in cash.

OM said on Monday that Apollo Global's offer of $34 per share for the company represents a premium of 28 percent to its Friday close.

Also read: ZTE shares rise in Hong Kong after clarification of U.S. bill impact

Read more

To category page

Loading...