Apollo Global Management Affiliates to Acquire Emerald Holding for $1.5 Billion
Emerald Holding, Inc. entered into a definitive merger agreement to be acquired by affiliates of Apollo Global Management. The all-cash transaction values Emerald at approximately $1.5 billion. Stockholders will receive $5.03 per share in cash upon completion of the merger.
The deal has already received written consent from stockholders representing approximately 93% of the company's voting power. This consent eliminates the need for a formal stockholder meeting. The transaction is expected to close in the second half of 2026, pending customary closing conditions and regulatory approvals in the United States and Morocco.
Key Takeaways
- Emerald Holding stockholders will receive $5.03 per share in an all-cash transaction valuing the company at $1.5 billion.sec.govca.investing.com
- The deal price represents a 42.1% premium over the closing price on December 15, 2025.stocktitan.net
- Stockholders representing 93% of voting power provided written consent, removing the need for a formal meeting.sec.gov
- The merger is subject to regulatory reviews in the United States and Morocco and is expected to close in late 2026.sec.govca.investing.com
- A law firm has launched an investigation into the fairness of the acquisition price for minority shareholders.prnewswire.com
Sources
PREM14C Emerald Holding, Inc.
SEC
“This primary filing details the $5.03 per share cash consideration and the 93% voting power consent.”
Emerald Holding, Inc. Preliminary Merger Information Statement
StockTitan
“This source highlights the 42.1% premium over the December 2025 closing price.”
Shareholder Alert: Levi & Korsinsky LLP Notifies Stockholders of Investigation
PR Newswire
“This source documents the legal investigation into the fairness of the acquisition price.”