Takeover in Aviation: Apollo Secures Barnes Group

Apollo Global Management has agreed to purchase the Barnes Group, a respected manufacturer in the technology and aerospace sectors. The acquisition will be executed as an all-cash transaction valued at approximately $3.6 billion. Barnes shareholders will receive a payment of $47.50 per share in cash, according to the companies. This offer represents a 22 percent premium compared to Barnes' closing stock price on June 25, the day before reports of a potential sale emerged. The transaction is expected to be completed by the end of the first quarter of 2025.