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Apollo Hybrid Value to Invest in Standard Industries Holdings' Acquisition of Grace


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Apollo Hybrid Value to Invest in Standard Industries Holdings’ Acquisition of Grace
Apollo Global Management, Inc.April 30, 2021 GMT
NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) announced that certain funds managed by its affiliates have committed to invest $600 million as part of an agreement in which Standard Industries Holdings Inc. will acquire W.R. Grace & Co. (“Grace”) (NYSE: GRA), a leading global specialty chemicals company, in an all-cash transaction valued at approximately $7.0 billion. ....

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