New activity is brewing for Bridge Investment Group ( (BRDG) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.
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On February 23, 2025, Bridge Investment Group Holdings Inc. entered into a merger agreement with Apollo Global Management, Inc. Under this agreement, Bridge will become a wholly owned subsidiary of Apollo. The merger involves exchanging shares of Bridge’s common stock for Apollo’s common stock, with the completion of the merger contingent on a stockholder vote scheduled for June 17, 2025. This strategic move is expected to enhance Bridge’s market positioning by integrating with Apollo, a larger global investment management firm. The merger is anticipated to result in former Bridge stockholders owning approximately 1.7% of Apollo’s outstanding common stock.
The most recent analyst rating on (BRDG) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Bridge Investment Group stock, see the BRDG Stock Forecast page.
Spark’s Take on BRDG Stock
According to Spark, TipRanks’ AI Analyst, BRDG is a Neutral.
Bridge Investment Group’s overall score reflects a company in transition. While improvements in financial performance and a strategic merger offer growth potential, technical indicators and high valuation pose risks. The merger with Apollo is a significant positive, but the high P/E ratio and leverage concerns weigh on the score.
To see Spark’s full report on BRDG stock, click here.
More about Bridge Investment Group
Bridge Investment Group Holdings Inc. operates in the investment management industry, focusing on real estate and related sectors. The company provides investment management services and is listed on the New York Stock Exchange under the symbol ‘BRDG’.
Average Trading Volume: 463,417
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.68B
Learn more about BRDG stock on TipRanks’ Stock Analysis page.
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