Company: APO
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119946
Chunk: 81

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-14
Form: 424B3
Chunk 81
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 representatives of Apollo, including Apollo’s request for exclusivity and the additional detail on Apollo’s perspectives on how to implement the retention of equity by
Bridge’s management. Following discussion, the special committee instructed Lazard to negotiate with Apollo to increase the purchase price to at least the high end of Apollo’s initial range and determined that Lazard should note that the
proposed 40% equity retention for management was an item to be revisited in the negotiations. The special committee further discussed with representatives of Lazard and Cravath the timeline for a potential transaction with Apollo and the strategy
for progressing efficiently towards such a transaction. Following discussion, the special committee determined that it would not consider granting Apollo’s request for a period of exclusivity until there was alignment on a per share purchase
price.

On September 16, 2024, following review, discussion and negotiation of the proposed terms of engagement of J.P. Morgan,
Bridge formally engaged J.P. Morgan to act as a financial advisor to Bridge in connection with Bridge’s review of potential strategic and financial alternatives for Bridge, pursuant to an engagement letter dated as of such date (the “J.P.
Morgan Engagement Letter”).

On September 17, 2024, the special committee held a meeting with representatives of Cravath and
Lazard. Representatives of Lazard shared with the special committee that Apollo had not been in contact with Lazard or J.P. Morgan since the prior meeting on August 13, 2024 at which Lazard had conveyed to Apollo the special committee’s
feedback on the August Proposal.

47

On September 19, 2024, Mr. Morse had a telephone conversation with Mr. Sambur
to inquire about expected timing of an updated bid from Apollo. Other than that conversation, from late September through October, Bridge did not receive any communications from Apollo with respect to an updated bid or a potential transaction.

On October 18, 2024, J.P. Morgan informed Bridge of outreach from a potential strategic acquiror (“Bidder H”) expressing
interest in a potential strategic transaction with Bridge and connected Bidder H with Bridge. Also on October 23, 2024, Mr. Morse informed the special committee and Cravath of such outreach. On October 31, 2024, Bidder H entered into
a confidentiality agreement, which contained a standstill provision but did not prevent Bidder H from making private requests for amendments or waivers of such standstill restrictions. At the end of October, Bridge