The Fresh Market Inc (TFM)

[Wildbilly]

The Fresh Market Agrees to be Acquired

by Funds Managed by Affiliates of Apollo Global Management for $28.50 Per Share in Cash.

The Fresh Market, Inc. (NASDAQ:TFM) (“The Fresh Market” or the “Company”), a growing specialty grocery retailer, and an affiliate of Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) today announced that they have entered into a definitive agreement (the “Merger Agreement”) whereby certain funds managed by Apollo, a leading global alternative investment manager, will acquire The Fresh Market for approximately $1.36 billion.
The $28.50 per share all-cash offer by the Apollo Funds represents a premium of approximately 24% over The Fresh Market’s closing share price on March 11, 2016, and a premium of approximately 53% over the February 10, 2016 closing share price, the day prior to press speculation regarding a potential transaction.

http://ih.advfn.com/p.php?pid=nmona&article=70750093&symbol=TFM