Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 119

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 119
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 defined in Section 12b-2of the Exchange Act) of any of the foregoing). The Lazard Opinion is not intended to and does not constitute a recommendation to any stockholder or any other person as to how such stockholder or person should vote or act with respect to the mergers or any matter relating thereto. The full text of the written Lazard Opinion should be read carefully in its entirety for a description of the assumptions made, procedures followed, matters considered, and applicable qualifications and limitations based upon the review undertaken by Lazard in preparing its opinion. In connection with its opinion, Lazard:

| • |     | reviewed the financial terms and conditions of the merger agreement; |

| • |     | reviewed certain publicly available historical business and financial information relating to Bridge and Apollo; |

| • |     | reviewed (A) certain financial forecasts and other data provided by the management of Bridge and utilized at                                                                        
 the direction of the special committee relating to the business of Bridge and (B) certain publicly available financial forecasts and other data relating to the business of Apollo; |

| • |     | held discussions with members of the senior management of Bridge with respect to the business and prospects of 
 Bridge;                                                                                                        |

| • |     | reviewed public information with respect to certain other companies in lines of business Lazard believed to be 
 generally relevant in evaluating the business of Bridge;                                                       |

| • |     | reviewed the financial terms of certain business combinations involving companies in lines of business comparable 
 in certain respects to the business of Bridge;                                                                    |

| • |     | reviewed historical stock prices and trading volumes of Bridge Class A common stock and Apollo common stock; 
 and                                                                                                          |

| • |     | conducted such other financial studies, analyses and investigations as Lazard deemed appropriate. |

In preparing its opinion, with the consent of the special committee, Lazard assumed and relied upon the accuracy and completeness of the foregoing information, without independent verification of such information. Lazard did not conduct any independent valuation or appraisal of any of the assets or liabilities (contingent or otherwise) of Bridge or Apollo or concerning the solvency or fair value of Bridge or Apollo, and Lazard was not furnished with any such valuation or appraisal. Lazard assumed, with the consent of the special committee, that the forecasts of Bridge (referred to herein as the December Baseline Projections) had been reasonably prepared on bases reflecting the best currently available estimates and judgments as to the future financial performance of Bridge. Lazard assumed no responsibility