News Summary
Former Louisiana Attorney General Charles C. Foti, Jr. and Kahn Swick & Foti, LLC are investigating the proposed $1.5 billion acquisition of Bridge Investment Group by Apollo Global Management. The inquiry focuses on whether the deal’s terms adequately reflect Bridge’s true value and if stakeholders are being treated fairly. The transaction has led to a surge in Bridge’s share price, and both KSF and Kaskela Law LLC are urging affected parties to seek consultation regarding their rights. The acquisition is expected to complete in the third quarter of 2025.
New Orleans, Louisiana – Former Attorney General of Louisiana, Charles C. Foti, Jr., along with Kahn Swick & Foti, LLC (KSF), has launched an investigation into the proposed acquisition of Bridge Investment Group Holdings Inc. (NYSE: BRDG) by Apollo Global Management, Inc. (NYSE: APO). This investigation seeks to determine if the terms of the sale are adequate and whether the proposed deal undervalues Bridge and its operations.
The transaction was announced on February 24, 2025, and outlines that Bridge shareholders and Bridge OpCo unitholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit at the closing of the deal. The agreed-upon value for this share exchange is approximately $11.50 per share of Bridge Class A common stock and Bridge OpCo Class A common unit.
As a result of the acquisition announcement, Bridge shares experienced a significant surge, climbing 35% immediately following the news. The acquisition, valued at $1.5 billion, is anticipated to augment Apollo’s capabilities in real estate equity and credit. It has been confirmed that Bridge will continue its operations as a standalone platform within Apollo’s asset management business, retaining its existing brand and management team post-acquisition.
KSF is actively assessing whether the transaction terms, particularly the share exchange ratio, reflect the true value of Bridge’s assets and operations or if they present an unfair evaluation. The firm encourages interested parties who believe they are affected by the potential undervaluation of the company to reach out for a consultation at no cost. Interested individuals can contact KSF’s Managing Partner Lewis S. Kahn via email at lewis.kahn@ksfcounsel.com or through a toll-free number at 855-768-1857 for inquiries and further information on the investigation.
In related developments, Kaskela Law LLC is also investigating the fairness of the proposed buyout of Bridge. They highlight concerns regarding whether the consideration being provided to Bridge shareholders is sufficient and if the company’s officers and directors may be in breach of their fiduciary duties or securities laws during the transaction process.
The anticipated timeline for the completion of the acquisition is expected to be during the third quarter of 2025. As a result of this impending transaction, Bridge has also decided to cancel its upcoming fourth-quarter earnings call, indicating a shift in focus toward the finalize negotiations with Apollo.
With the completion of this investigation, KSF aims to ensure that all shareholders and unitholders have a fair understanding of their rights and the implications of the acquisition. Ensuring a transparent process is paramount as the future of Bridge and its stakeholders is at stake following this significant corporate change.
Deeper Dive: News & Info About This Topic
- Business Wire: Bridge Investment Investor Alert
- Globe Newswire: Kaskela Law LLC Investigation
- Reuters: Apollo to Buy Bridge Investment Group
- TipRanks: Bridge Investment Group Merger Announcement
- Investopedia: Bridge Investment Group Stock Surge
- Wikipedia: Apollo Global Management
- Google Search: Bridge Investment Group
- Google Scholar: Bridge Investment Group
- Encyclopedia Britannica: Bridge Investment Group
- Google News: Bridge Investment Group Acquisition
Author: STAFF HERE NEWORLEANS WRITER
NEW ORLEANS STAFF WRITER The NEW ORLEANS STAFF WRITER represents the experienced team at HERENewOrleans.com, your go-to source for actionable local news and information in New Orleans, Orleans Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as French Quarter Festival, New Orleans Jazz & Heritage Festival, and Essence Music Festival. Our coverage extends to key organizations like the New Orleans Chamber of Commerce and Greater New Orleans, Inc., plus leading businesses in energy, healthcare, and education that power the local economy such as Entergy, Ochsner Health, and Tulane University. As part of the broader HERE network, including HEREShreveport.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
