Outerwall Shares Cease Trading on Nasdaq; Closes Deal to Be Acquired by Apollo Affiliates (NASDAQ:OUTR)

Outerwall (NASDAQ:OUTR) shares have been delisted from the Nasdaq Global Select Market on Tuesday after the provider of automated retail solutions closed its agreement to be acquired by affiliates of Apollo Global Management (APO) for $52 per share in cash. Outerwall’s business segments will now be operated as three distinct businesses owned by affiliates of Apollo. APO shares were little changed in recent trade.

The stock closed at $52 during the last session. It is down 77.72% since February 25, 2016 and is uptrending. It has outperformed by 66.46% the S&P500.

Outerwall Inc. is a provider of automated retail solutions. The company has a market cap of $895.90 million. The Company’s business divisions are Redbox, Coinstar and ecoATM. It has a 6.68 P/E ratio. The Company’s offerings include Redbox business, which enables clients to rent or purchase movies and video games from self-service kiosks ; Coinstar business, which enables clients to convert their coins to cash and convert coins and cash to stored value products at self-service kiosks (Coinstar segment), and ecoATM business, which enables clients to sell electronic devices for cash at self-service kiosks, and purchase and sell electronic devices for cash through an online solution under its Gazelle brand.

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