Virtually Famous Marketing - We Make Your Business Famous Online

Tag Archives: Outerwall

Bellevue’s Outerwall to Be Acquired, Return to Private Ownership

Outerwall logoOUTERWALL 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.

Continue Reading