Company: APO
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119946
Chunk: 78

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-14
Form: 424B3
Chunk 78
---
der B, which included a deadline of July 31, 2024 for a definitive

45

proposal. The second round process letter sent to Apollo additionally included a request for a markup of the draft merger agreement by July 31, 2024. Given the preliminary nature of Bidder
B’s proposal on May 28, 2024, the second round process letter sent to Bidder B included a request for a term sheet outlining the structure and key terms for its proposed transaction by July 31, 2024.

On July 8, 2024, the special committee held a meeting with representatives of Cravath and Lazard. At the meeting, Mr. Leat reported
to the special committee that, following the July 2, 2024 call with Apollo, Mr. Morse had conveyed to Mr. Leat that Bridge’s management team would like to propose retaining approximately 40% of the total equity interest in Bridge
in order to move forward with the May 2024 Proposal. Representatives of Cravath discussed with the special committee the equity retention proposed by Bridge’s management, including the potential impact on the consideration received by
Bridge’s management team and the unaffiliated stockholders in a potential transaction. Following extensive discussion, the special committee decided to permit Bridge’s management team to propose their 40% equity retention to Apollo for a
range of reasons, including (a) the fact that the unaffiliated stockholders could nevertheless receive an attractive premium in a transaction with Apollo, (b) the potential to request additional value for the unaffiliated stockholders if
Apollo were willing to consider the proposed equity retention, (c) that the proposed transaction with Bidder B involved a buyout solely of the unaffiliated stockholders and (d) the need for Bridge’s management team, in their capacity
as significant stockholders of Bridge, to ultimately support any potential transaction that might be pursued with Apollo. Following discussion, the special committee determined to permit Bridge’s management team to convey their request while
also noting that significant benefits would also need to accrue to the unaffiliated stockholders.

The special committee also discussed
and approved Mr. Leat hosting a dinner to help facilitate representatives of Apollo meeting in person with members of Bridge’s management team at which they could become better acquainted in the interest of accelerating the ongoing
discussions of a potential transaction.

On July 11, 2024, Mr. Leat hosted a dinner for members of Bridge’s management
team, including