Monday, July 25, 2016
Redbox Owner to Go Private for $1.6 Billion in Cash
Redbox corporate parent Outerwall July 25 announced it has entered into a definitive merger agreement with a private equities group for $1.6 billion in cash. The deal, which calls for Apollo Funds to pay Outerwall common stock shareholders $52 per share — 51% above market value — is expected to close by the third quarter.
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