Just another Network site

Diamond Resorts to Be Bought by Apollo in $2.2 Billion Deal

  • Centerview Partners advised Diamond Resorts.
  • Diamond Resorts to Be Bought by Apollo in $2.2 Billion Deal
  • Diamond Resorts rose 24 percent to $29.77 at 9:44 a.m. New York time.
  • Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
  • The $30.25-a-share cash offer for the Las Vegas-based company is 58 percent more than Diamond Resorts’ closing share price on Feb. 24, when the company said it was exploring strategic options, according to a statement Wednesday.

Read the full article, click here.


@business: “Diamond resorts to be bought by Apollo in a $2.2 billion cash deal”


Diamond Resorts International Inc., an operator of timeshare properties, said it agreed to be acquired by affiliates of Apollo Global Management LLC for about $2.2 billion.


Diamond Resorts to Be Bought by Apollo in $2.2 Billion Deal