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Bridge Investment Group Holdings Inc. (BRDG) Soars 14.71% on Apollo Acquisition News
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 7:25 am ET1min read
On April 9, 2025,
Group Holdings Inc. (NYSE: BRDG) saw a significant pre-market rise of 14.71%, reflecting a surge in investor interest and confidence in the company's future prospects.One of the key factors driving this surge is the proposed acquisition of Bridge Investment by
, Inc. (APO). Under the terms of the deal, Bridge shareholders and unit holders of its subsidiary will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively. This acquisition is part of Apollo's broader strategy to expand its real-estate management portfolio, which has been well-received by investors.Additionally, Halper Sadeh LLC, an investor rights law firm, is investigating potential violations of federal securities laws and breaches of fiduciary duties related to the proposed transaction. This investigation aims to ensure that shareholders receive fair consideration and adequate disclosures, which could further influence the stock's performance as the deal progresses.
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