OUTERWALL ENTERS INTO DEFINITIVE MERGER AGREEMENT TO BE ACQUIRED BY CERTAIN FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT FOR $52.00 PER SHARE IN CASH
Transaction Valued at Approximately $1.6 Billion
Outerwall Board of Directors Declares $0.60 Quarterly Dividend
Bellevue-based Outerwall Inc. has announced that it has entered into an Agreement and Plan of Merger with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC, a global alternative investment manager, pursuant to which the Apollo Funds will acquire all of the outstanding shares of Outerwall common stock for $52.00 per share in cash. No word was given as to whether the company will be relocated or jobs will be affected.