Barnes Group Shareholders Approve Acquisition by Apollo Affiliated Funds

MT Newswires Live

2025/01/10

Barnes Group (B) said Thursday that its shareholders approved the acquisition by funds managed by affiliates of Apollo Global Management (APO).

The transaction offers Barnes' shareholders $47.50 per share in cash, according to the company.

Barnes said that 80% of the company's outstanding shares as of Dec. 6, 2024, voted in favor of the acquisition.

The company expects to close the deal before the end of Q1.

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