Apollo Global Management will buy Bridge Investment Group in a $1.5B all-stock deal. Acquisition likely drives immediate premium and signals long-term strategic repositioning.
- Bridge Investment Group (BRDG) reported earnings of $0.17 per share, beating estimates of $0.16. - Company's revenues of $79.35 million for March 2024 quarter surpassed expectations by 3.98%. - BRDG shares have declined 28.5% YTD, underperforming the market's 8.8% gain. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings