Barnes Group Inc., a leading industrial technology and aerospace manufacturing firm based in Connecticut, announced today that investment funds associated with Apollo Funds, under the management of Apollo Global Management, Inc., have successfully acquired Barnes Group Inc. in a transaction valued at approximately $3.6 billion.
This all-cash deal, initially revealed on October 7, 2024, received approval from Barnes' shareholders on January 9. As part of the acquisition terms, shareholders are set to receive $47.50 per share in cash. Following this transition, Barnes' stock has ceased trading and will be officially delisted from the New York Stock Exchange.
At present, Barnes Group Inc.'s stock is priced at $47.48, marking a slight increase of 0.01% on the New York Stock Exchange.
