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home / news releases / APO - Cardtronics gains after hours as $39/share bid from third party revealed

APO - Cardtronics gains after hours as $39/share bid from third party revealed

Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
Cardtronics (CATM) spiked up 14% to $40.50 in after hours trading after the company revealed that it received an offer from an undisclosed party for $39/share in cash, above the $35 deal it struck with Apollo (APO) and Hudson Executive last month.Cardtronics said it received an unsolicited offer from unidentified ``Party L'' on Dec. 31, according to proxy filing; on Jan. 4, CATM entered into a non-disclosure agreement with the unidentified party in connection with its Dec. 31 proposalThe original acquisition agreement remains in full force and effect and the Cardtronics board reaffirmed its support of and recommendationApollo and Hudson Executive originally offered $31/share for Cardtronics

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Cardtronics gains after hours as $39/share bid from third party revealed
Stock Information
Company Name: Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests
Stock Symbol: APO
Market: NYSE
Website: apollo.com
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