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Apollo And Athene To Merge In All-Stock Transaction GlobeNewswire Apollo and Athene have entered into a definitive agreement to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene. Under the terms of the transaction, each outstanding Class A common share of Athene will be exchanged for a fixed ratio of 1.149 shares of Apollo common stock. Upon closing of the merger, current Apollo shareholders will own approximately 76% of the combined company on a fully diluted basis, and Athene shareholders will own approximately 24%. The merger of Apollo and Athene combines two growth companies providing products and services that are in high demand – investment returns and retirement income. The stronger capital base and complete alignment will allow the company to rapidly scale asset and liability origination, broaden distribution channels and act as a leading global solutions provider. The company will operate in an environment power

United statesHoulihan lokeyScott kleinmanMarc rowanJim belardiJames zelterLeon blackJay claytonJosh harrisWharton garrisonIowa insurance divisionSidley austinLatham watkinsApollo coMeagher flomApollo investor relations department