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Founded in 2009, Athene also serves as Apollo's partner insurance company and had total assets worth $202.8 billion at the end of 2020, with operations in the United States, Bermuda, and Canada. It also owns. Athene and Apollo have seen tremendous mutual benefit from our longstanding strategic relationship, and now with full alignment our value will be significantly stronger than the sum of our parts, said Each outstanding Athene class A common share will be exchanged for a fixed ratio of 1.149 common shares of Apollo. Apollo Completes Merger with Athene and Finalizes Key During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. or You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. M&A was notably slow over the course of 2022, curtailed by the Fed's rising rates as well as economic and geopolitical volatility. The Central Laborers' Pension Fund agreed to discontinue its suit, filed in Manhattan state court, against both Athene and Apollo after a Bermuda judge issued a temporary . "If we make decisions as if we're going to own it forever, we usually will make the right decision. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. Apollo alleges. and other data for a number of reasons, such as keeping FT Sites reliable and secure, This press release contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A hearing on Apollos and Athenes effort to dismiss Calderas lawsuit has not been scheduled. Athene, through its subsidiaries, is a leading financial services company with total assets of $224.4 billion as of September 30, 2021 and . , Co-Presidents of Apollo Asset Management. Apollo sues two more executives in dispute over insurance rival Check if your Reporting by Jonathan Stempel in New York; Editing by Dan Grebler.