Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ATHENE HOLDING LTD.

(ATH)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ATHENE HOLDING LTD : Other Events (form 8-K)

08/20/2021 | 05:23pm EDT

Item 8.01 Other Events

On August 19, 2021, Athene Holding Ltd., a Bermuda exempted company ("AHL"), granted a waiver to Leon Black (the "Stockholder") of his covenants and obligations under Section 1.03 (Transfer and Encumbrance) of the voting agreement dated March 8, 2021 between AHL and the Stockholder, Joshua Harris and Marc Rowan (the "Principals Voting Agreement"), solely with respect to 6,000,000 of the Stockholder's shares of Class A common stock of Apollo Global Management, Inc., a Delaware corporation ("AGM"), par value $0.00001 per share (the "AGM Class A Shares"). The waiver did not amend the number of AGM Class A Shares that would constitute the Stockholder's pro rata portion of the Lock-Up Covered Shares (as defined in the Principals Voting Agreement), and, if applicable, such pro rata portion will be determined without giving effect to the waiver.

On August 19, 2021, AHL entered into a voting agreement with Scott Kleinman, KRT Investments, LLC, The Kleinman Children's Trust, James Zelter, John Suydam, Suydam 2012 Family Trust and Barry Cohen (collectively, the "Supporting Stockholders" and, such agreement, the "Supporting Stockholders Voting Agreement"). As of August 19, 2021, the Supporting Stockholders beneficially owned (including AGM Class A Shares into which units of the Apollo Operating Group (as defined in AGM's certificate of incorporation) may be converted or exchanged) and were entitled to vote approximately 6,922,644 AGM Class A Shares (the "Subject Shares") with respect to the proposal to adopt the Agreement and Plan of Merger dated March 8, 2021 (the "merger agreement"), between AGM, AHL, Tango Holdings, Inc., a Delaware corporation and a direct wholly owned subsidiary of AGM ("HoldCo"), Blue Merger Sub, Ltd., a Bermuda exempted company and a direct wholly owned subsidiary of HoldCo, and Green Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of HoldCo ("AGM Merger Sub"). The Supporting Stockholders Voting Agreement, among other things, requires that the Supporting Stockholders vote (or cause to be voted) the Subject Shares in favor of adopting the merger agreement and the merger of AGM Merger Sub with and into AGM, and against certain other transactions, proposals or actions. As of August 19, 2021, the Subject Shares that are subject to the Supporting Stockholders Voting Agreement constitute approximately 1.6% in voting power of the outstanding AGM Class A Shares and the Class B common stock of AGM, par value $0.00001 per share, entitled to vote on the AGM merger agreement proposal, voting together as a single class. The Supporting Stockholders Voting Agreement will terminate upon the earlier of the AGM board of directors making an adverse recommendation to the AGM stockholders in connection with the transactions contemplated by the merger agreement, the termination of the merger agreement and certain other specified events. Each Supporting Stockholder entered into the Supporting Stockholders Voting Agreement in his or its capacity as a stockholder of AGM. Nothing in the Supporting Stockholders Voting Agreement constrains a Supporting Stockholder's ability to act as a director or officer of AGM.

Additional Information Regarding the Transaction and Where to Find It

This Current Report on Form 8-K is being made in respect of the proposed transaction involving HoldCo, AGM and AHL. The proposed transaction will be submitted to the stockholders of AGM and the shareholders of AHL for their respective consideration. In connection therewith, the parties intend to file relevant materials with the Securities and Exchange Commission (the "SEC"), including a definitive joint proxy statement/prospectus, which will be mailed to the stockholders of AGM and the shareholders of AHL. However, such documents are not currently available. BEFORE MAKING ANY VOTING OR ANY INVESTMENT DECISION, AS APPLICABLE, INVESTORS AND SECURITY HOLDERS OF AGM AND AHL ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of the definitive joint proxy statement/prospectus, any amendments or supplements thereto and other documents containing important information about AGM and AHL, once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov.

Copies of the documents filed with the SEC by AGM will be available free of charge under the "Stockholders" section of AGM's website located at http://www.apollo.com or by contacting AGM's Investor Relations Department at (212) 822-0528 or APOInvestorRelations@apollo.com.

Copies of the documents filed with the SEC by AHL will be available free of charge under the "Investors" section of AHL's website located at http://www.athene.com or by contacting AHL's Investor Relations Department at (441) 279-8531 or ir@athene.com.

--------------------------------------------------------------------------------

Participants in the Solicitation

AGM, AHL, HoldCo and their respective directors, executive officers, members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies in connection with the proposed transaction.

Information about the directors and executive officers of AGM and HoldCo is set forth in AGM's proxy statement for its 2021 annual meeting of stockholders, which was filed with the SEC on August 16, 2021, its annual report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on February 19, 2021, and in subsequent documents filed with the SEC, each of which can be obtained free of charge from the sources indicated above.

Information about the directors and executive officers of AHL is set forth in AHL's proxy statement for its 2021 annual meeting of shareholders, which was filed with the SEC on July 22, 2021, its annual report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on February 19, 2021, its amendment to its annual report on Form 10-K/A for the fiscal year ended December 31, 2020, which was filed with the SEC on April 20, 2021, and in subsequent documents filed with the SEC, each of which can be obtained free of charge from the sources indicated above.

Other information regarding the participants in the proxy solicitations of the stockholders of AGM and the shareholders of AHL, and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the preliminary and definitive joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

No Offer or Solicitation

This Current Report on Form 8-K is for informational purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an invitation to subscribe for, buy or sell any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about ATHENE HOLDING LTD.
10/08ATHENE : Wells Fargo Adjusts Price Target on Athene Holding to $73 From $70, Maintains Equ..
MT
10/01ATHENE HOLDING LTD. : To Announce Third Quarter 2021 Financial Results And Host Conference..
PR
09/01ATHENE HOLDING LTD : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
08/31ATHENE HOLDING LTD. : Declares Third Quarter 2021 Preferred Stock Dividends
PR
08/26ATHENE : Fitch Revises Athene's Outlook to Positive from Stable; Affirms Ratings
MT
08/20ATHENE : Voting Agreement (Form 8-K)
PU
08/20ATHENE HOLDING LTD : Other Events (form 8-K)
AQ
08/18ATHENE : Insider at Athene Holding (ATH) Makes Significant Sale of Stock
MT
08/18INSIDER TRENDS : Athene Holding Insider Continues 90-Day Selling Trend
MT
08/17INSIDER TRENDS : Insider Adds to Selling Trend at Athene Holding
MT
More news
Analyst Recommendations on ATHENE HOLDING LTD.
More recommendations
Financials (USD)
Sales 2021 6 952 M - -
Net income 2021 2 976 M - -
Net Debt 2021 1 172 M - -
P/E ratio 2021 5,39x
Yield 2021 -
Capitalization 14 542 M 14 542 M -
EV / Sales 2021 2,26x
EV / Sales 2022 2,31x
Nbr of Employees 1 350
Free-Float 96,8%
Chart ATHENE HOLDING LTD.
Duration : Period :
Athene Holding Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ATHENE HOLDING LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 75,75 $
Average target price 72,61 $
Spread / Average Target -4,15%
EPS Revisions
Managers and Directors
James R. Belardi Chairman, Chief Executive & Investment Officer
William J. Wheeler President
Martin P. Klein Chief Financial Officer & Executive Vice President
Randall William Epright Chief Information Officer & Executive VP
Marc A. Beilinson Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ATHENE HOLDING LTD.75.59%14 542
AXA22.62%66 275
METLIFE, INC.39.66%56 187
PRUDENTIAL PLC7.98%54 701
PRUDENTIAL FINANCIAL, INC.41.65%42 776
MANULIFE FINANCIAL CORPORATION10.42%39 269