 "Athene")
Apollo Global said on Monday it would buy Athene Holding in an all-stock deal valuing the annuities provider at about $11 billion, making it the private equity firm's first major deal after co-founder Leon Black stepped down as CEO.
The deal will create a company with a pro-forma market value of $29 billion, providing products and services in the investment and retirement income space.
The combined company will be led by incoming Apollo Chief Executive Officer Marc Rowan. The deal is expected to close in January 2022.
Rowan, who co-founded Apollo 31 years ago, has been tasked with running the company after Leon
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