OM Group Stockholders Approve Merger With Apollo Affiliated Funds

(RTTNews) - OM Group Inc (OMG), a technology-driven industrial company, on Monday said its stockholders approved its proposed merger with funds managed by affiliates of Apollo Global Management LLC (APO) and an affiliate of Platform Specialty Products (PAH).

In June, OM Group, Apollo and Platform entered into a definitive merger agreement under which Apollo will acquire OM Group for $34.00 per share in cash. Platform will acquire OM Group's Electronic Chemicals and Photomasks businesses from Apollo. Following the transactions, Apollo will own OM Group's Magnetic Technologies, Battery Technologies and Advanced Organics businesses.

The transactions are expected to be completed by the end of 2015.