Mergers and Acquisitions: Macquarie Group wins, Apollo Global Management loses

New deal Macquarie Group and Apollo Global Management

In brief: Regular mergers and acquisitions have been successful for the Australians, but failed for the British. Macquarie Group is seeking his, and Apollo Global Management is out of business.

Australia’s largest investment bank Macquarie Group will merge its assets with a unit of asset management, resulting in an office, managing assets valued at A $ 306 billion ($ 260 billion).

British insurer Brit Insurance Holdings has rejected a new proposal Apollo Global Management in the amount of 824 million pounds ($ 1.25 billion), saying that negotiations will begin only when more favorable conditions. It is reported that Apollo Global voiced Brit Insurance the new price of 10.50 pounds per share. However, the company has done on June 11 proposal in the amount of 785 million pounds, or 10.0 pounds per share.

Ukrainian Globalist
2010-07-02 15:44, Economics.

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