Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 93

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 93
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 discussions focused on Bridge’s operations, financial model, investment processes, information technology, property management operations,
Bridge’s insurance business, overlap in Bridge’s and Apollo’s investor base, and long-range business plans, including fundraising plans and plans for various Bridge vertical non-controlling
interests, and change of control consent requirements across Bridge’s portfolio of assets and funds.

Also during such time period,
as authorized by the special committee on December 12, 2024, Mr. Morse and Mr. Sambur had a number of telephone discussions regarding the proposed post-closing compensation and incentive retention packages with respect to
Bridge’s senior management team, and representatives of Bridge and Apollo had frequent, sometimes daily, telephone discussions regarding the deal process. J.P. Morgan, Lazard, Latham and Cravath were kept apprised of such discussions.

On February 3, 2025, representatives of Paul, Weiss requested the December Baseline Projections from Cravath. The December Baseline
Projections were provided to Apollo on February 5, 2025.

On February 5, 2025, representatives of Paul, Weiss sent to Latham and
Cravath revised drafts of the merger agreement and voting and support agreement, and drafts of other ancillary agreements, including a form of lock-up agreement and a form of restrictive covenant agreement.
Among other matters, the revised merger agreement reflected the same proposals in Paul, Weiss’ initial markup, including the removal of the majority of the minority approval condition, the inclusion of a closing condition with respect to the
receipt of client consents, and a termination fee payable by Bridge, in certain circumstances, equal to 5% of Bridge’s equity value.

On February 6, 2025, the special committee held a meeting with representatives of Cravath and Lazard. Representatives of Lazard shared
updates on the status of negotiations with Apollo. Representatives of Cravath presented a summary of the key outstanding items in the revised draft of the merger agreement under negotiation with Apollo, including the removal of the majority of the
minority approval condition, and discussed these key items with the special committee.

53

On February 7, 2025, a Bridge Board meeting was held, and representatives of Latham and
J.P. Morgan and members of management were in attendance. During the meeting, representatives of J.P. Morgan provided a status update on the overall deal process and status of discussions with Apollo. Representatives of Latham discussed with members
of the Bridge Board