India, May 11 -- Apollo Global Management, Inc. (APO), on Monday said Apollo-managed funds entered into separate definitive agreements to acquire Emerald Holding, Inc. (EEX) and Questex, LLC in all-cash transactions.
The transaction is expected to close in the second half of 2026.
The company said it intends to combine the businesses to create a North American B2B experiential events and media platform.
Under the terms of the agreement, Emerald shareholders will receive $5.03 per share in cash, representing a 42.1% premium to the company's unaffected share price and implying an estimated enterprise value of about $1.5 billion.
Upon completion of the transaction, Emerald will become a private company and its shares will no longer trade o...