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Bridge Investment Group Holdings Inc. (NYSE:BRDG), an investment advisory firm based in Salt Lake City, Utah, with a market capitalization of $1.26 billion and a current stock price of $9.57, disclosed on Wednesday a definitive merger agreement with Apollo Global Management Inc. (NYSE:APO), a leading global alternative investment manager. The stock has shown strong momentum, delivering a 37.27% return over the past year. According to InvestingPro analysis, Bridge currently trades slightly above its Fair Value. The merger agreement, originally entered into on February 23, 2025, outlines that Bridge will merge with Apollo, resulting in Bridge becoming a wholly-owned subsidiary of Apollo.
The merger, which is subject to customary closing conditions and the approval of Bridge stockholders, is scheduled for a vote at a special meeting on June 17, 2025. The announcement follows the effective registration statement filed with the Securities and Exchange Commission (SEC) on May 14, 2025, and the commencement of mailing the definitive proxy statement to Bridge stockholders on or about May 16, 2025.
In the wake of the merger announcement, Bridge has faced legal challenges. Two purported Bridge stockholders have filed complaints alleging that the proxy statement issued by Bridge omitted or misrepresented material information. Despite these challenges, InvestingPro data shows Bridge maintains a FAIR overall Financial Health Score of 2.26, with particularly strong cash flow metrics. The company offers an attractive 4.6% dividend yield, with dividend growth of 57.14% in the last twelve months. For deeper insights into Bridge’s financial health and valuation metrics, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers. The plaintiffs are seeking to enjoin the transactions until these alleged deficiencies are corrected, among other demands.
Bridge has denied the claims made in the complaints, maintaining that the proxy statement was not materially deficient and that no supplemental disclosure is required under applicable laws. To avoid the risk of delaying the merger and to minimize litigation costs and uncertainties, Bridge has chosen to voluntarily supplement the proxy statement, as detailed in their recent SEC filing.
The supplemental disclosures provide additional information on the engagement of financial advisors, the valuation methodologies used for analyzing the merger, and the potential tax benefits related to the transaction. Bridge has emphasized that these supplemental disclosures should not be considered admissions of the legal necessity or materiality of the additional information.
Investors are encouraged to read the Registration Statement and Joint Proxy Statement/Prospectus in their entirety for a complete understanding of the proposed transaction, which represents a significant event for both Bridge and Apollo. The information is available on the SEC’s website and the respective companies’ investor relations pages. For a comprehensive analysis of Bridge’s financial position, including detailed valuation metrics and growth projections, InvestingPro subscribers can access exclusive insights and advanced analytical tools that go beyond publicly available information. InvestingPro’s detailed analysis reveals several additional key insights about Bridge’s financial outlook, with multiple ProTips available to subscribers.
This news is based on Bridge Investment Group Holdings Inc.’s recent SEC filing and does not include any speculative content regarding the potential outcomes or broader implications of the merger.
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