Key Highlights

  • Emerald Holding (NYSE: EEX) shareholders received $5.03 per share in cash following Apollo Global Management’s acquisition.
  • The company terminated two registration rights agreements dated 2013 and 2020 as part of the deal.
  • All outstanding obligations under a 2025 credit agreement were fully repaid and collateral released.
  • Emerald’s stock was suspended from NYSE trading on July 14, 2026, and will be deregistered.

Deal Completion Announced

Emerald Holding (NYSE: EEX) has finalized its acquisition by funds managed by Apollo Global Management. The transaction, structured as a merger, converted each share of Emerald’s common stock into a cash payment of $5.03 per share. The company’s stock was delisted from the New York Stock Exchange following the deal’s closing.

Key Agreements Terminated

As part of the buyout, Emerald terminated two registration rights agreements originally established in 2013 and 2020. The agreements involved Onex Partners and other stockholders. The move aligns with the company’s transition to private ownership under Apollo’s control.

Credit Facility Settled

Emerald’s subsidiaries repaid all outstanding obligations under a credit agreement dated January 30, 2025. The agreement, amended in August 2025, included principal, interest, and fees, which were fully settled. Guarantees and collateral tied to the facility were also released upon termination.

Stock Delisting Confirmed

Trading of Emerald’s common stock on the NYSE was suspended on July 14, 2026. The company notified the exchange of its intent to file for deregistration under the Securities Exchange Act of 1934. Shareholders received the $5.03 per share merger consideration in cash.

Leadership Transition

Hervé Sedky, Emerald’s former CEO, will transition to a senior advisory role for the combined company. Paul Miller, current CEO of Questex, will lead the merged entity. The board of directors was dissolved as part of the ownership change.

Corporate Documents Updated

Emerald’s certificate of incorporation and bylaws were amended and restated in their entirety. The revised documents reflect the company’s new structure as a private subsidiary of Apollo. The changes were filed as part of the regulatory disclosure process.

Press Release Issued

Emerald published a press release confirming the transaction’s completion. The announcement outlined the deal’s terms and the company’s future direction under Apollo’s ownership. The release was included in the regulatory filing.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.