Apollo Global Management acquires Barnes Group Inc. in a $3.6B cash deal for $47.50/share, pending approval.

Barnes Group Inc. will be acquired by Apollo Global Management in a $3.6 billion cash deal, with shareholders receiving $47.50 per share—22% above the closing price on June 25, 2024. The transaction is set to close by the end of Q1 2025, pending shareholder and regulatory approval. Following the acquisition, Barnes will operate as a private entity and continue under its current name, while suspending its full-year 2024 financial guidance.

October 07, 2024
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