Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 102

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 102
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 and financial advisors, Bridge obtained the best terms and highest price that Apollo is willing to pay for Bridge and, as Apollo had conveyed that the Revised 
 December Proposal was its “best and final” proposal, that further negotiations would have created a risk of causing Apollo to abandon the mergers altogether or materially delay the entry into definitive transaction agreements with respect          
 to the mergers;                                                                                                                                                                                                                                         |

| • |     | the reviews undertaken by the special committee and the Bridge Board of the merger agreement and the structure of 
 the transactions, including, among others, the specific financial and other terms and conditions set out below;   |

| • |     | the terms of the merger agreement permitting Bridge to receive acquisition proposals that do not result from a                                      
 material breach of the non-solicitation obligations in the merger agreement, and the other terms and conditions of the merger agreement, including: |

| • |     | that at any time prior to obtaining the Bridge stockholder approval, Bridge may, in certain circumstances                                                                                                  
 described in the merger agreement, (i) enter into an acceptable confidentiality agreement with a third party who has made an acquisition proposal and/or its affiliates and representatives and furnish    
 non-public information, and afford access to the books or records or officers of Bridge or its subsidiaries, to such third party and its affiliates and representatives and (ii) engage in discussions and 
 negotiations with such third party and its affiliates and representatives with respect to such acquisition proposal;                                                                                       |

| • |     | that the merger agreement may be terminated, in certain circumstances, including, among others, by Bridge (acting                                                                                                                                        
 upon the direction of the special committee), at any time prior to receipt of the Bridge stockholder approval in order to enter into a definitive agreement with respect to a superior proposal concurrently with such termination, provided that Bridge 
 shall pay Apollo a termination                                                                                                                                                                                                                           |

59

| fee of $45,000,000 simultaneously with, and as a condition to, such termination in order to accept and enter into a definitive agreement with respect to a superior proposal; and |

| • |     | that the special committee (or the Bridge Board, acting upon the direction of the special committee) may effect                                                                                                                                          
 an adverse recommendation change pursuant to the merger agreement upon the recommendation of the special committee in certain circumstances, including (i) in the event that Bridge has received a written acquisition proposal and the special          
 committee (or Bridge Board, acting upon the recommendation of the special committee), among other requirements, determines in good faith (after consultation