Apollo Global Management LLC will buy CEC Entertainment Inc., the parent of Check E. Cheese’s stores for about $950 million. Leon Black’s Apollo Global Management will pay $54 per share for CEC, representing a premium of 11.5% to the stock’s Wednesday closing. Apollo Deal includes go-shop period The global alternative asset manager, Apollo Global Management LLC said the deal would follow a review by CEC’s board of the company’s option. The deal is worth about $1.3 billion, including the assumption of debt. CEC’s stock rose sharply last week after Reuters reported that CEC was exploring a potential sale to private…
Apollo Global To Acquire Chuck E Cheese Parent For $950 Million
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports