Digital imaging company Shutterfly announced on Monday that it's agreed to be acquired by Apollo Global Management.
Apollo Funds will acquire all outstanding shares of Shutterfly for $51 per share in cash, which represents a premium of roughly 1.5% to Shutterfly's closing price on Monday. Shutterfly ended the trading day up 2.7%, and was briefly halted in extended trading.
In a separate announcement on Monday, Shutterfly named Ryan O'Hara president and CEO, effective June 24.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apollo Nears Deals to Buy Shutterfly, SnapfishApollo Global Management is nearing deals to buy Shutterfly and Snapfish, which the private-equity giant plans to combine to create a big player in online-photo services.
Read more »
Apollo Nears Deals to Buy Shutterfly, SnapfishApollo Global Management is nearing deals to buy Shutterfly and Snapfish, which the private-equity giant plans to combine to create a big player in online-photo services.
Read more »
Hudson's Bay chairman, shareholders propose C$1.74 billion go-private dealHudson's Bay Co Executive Chairman Richard Baker on Monday teamed up with o...
Read more »
How SurveyMonkey recovered from the death of its CEO and became a $2.1 billion public companySurveyMonkey went public three years after its CEO, Dave Goldberg, suddenly died. The company is now run by Zander Lurie.
Read more »
United Technologies Strikes Deal to Acquire RaytheonUnited Technologies struck a deal to acquire military contractor Raytheon, continuing the sprawling industrial conglomerate’s transformation into a company focused on aerospace and defense.
Read more »