Perkins Coie Represents Outerwall in its $1.6 Billion Acquisition by Affiliates of Funds Managed by Apollo Global Management

Published on July 25, 2016 12:48 PM

(SI Newswire) SEATTLE, Wash. - Perkins Coie acted as outside counsel to Outerwall Inc. (NYSE: OUTR), which delivers kiosk experiences for consumers that generate revenue for retailers, in its definitive merger agreement to be acquired by affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), a leading global alternative investment manager, pursuant to which the Apollo Funds will acquire all of the outstanding shares of Outerwall common stock for $52.00 per share in cash. The transaction, which was unanimously approved by Outerwall's Board of Directors, has a total enterprise value of approximately $1.6 billion, including net debt.

Led by Seattle partners Jens Fischer and Lance Bass, the Perkins Coie team included Seattle partners Lynn Hvalsoe, Andrew Bor, James Gradel, Iveth Durbin, Tom Cristy, Steve Arnett and Jason Howell; Washington, D.C. partner Barry Reingold; Seattle counsel Allison Handy and Andrew Grant; and Seattle associates Sarah Rivard and Maxwell Schwartz.

Please click here to read the Outerwall Inc. press release.

About Perkins Coie: Founded in 1912, Perkins Coie LLP has more than 1,000 lawyers in 19 offices across the United States and Asia. The firm provides a full array of corporate, commercial litigation and intellectual property legal services to a broad range of clients, from FORTUNE 50 corporations to emerging growth startups, as well as public and not-for-profit organizations.