Market Overview

CEC Entertainment to Be Acquired by Affiliate of Apollo Global Management for $54.00/Share in Cash

Share:
Related APO
Leading Proxy Advisory Firms ISS and Glass Lewis Recommend OM Group Stockholders Vote "FOR" the Merger Transaction with Apollo Affiliated Funds in Partnership with Platform Specialty Products
Benzinga's M&A Chatter for Tuesday June 16, 2015
Time To Buy Sprouts Farmers Market (Seeking Alpha)

An affiliate of Apollo Global Management, LLC (NYSE: APO) (together with
its consolidated subsidiaries, “Apollo”) and CEC Entertainment, Inc.
(NYSE: CEC) (“CEC”) today announced that they have entered into a
definitive merger agreement (the “Merger Agreement”) whereby Apollo, a
leading global alternative investment manager, will acquire CEC, the
nationally recognized leader in family dining and entertainment which
operates 577 Chuck E. Cheese's stores, for approximately $1.3 billion,
including the assumption of the Company's outstanding debt.

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

Related Articles (APO + CEC)

Get Benzinga's Newsletters