Bridge Investment Group (BRDG) stock rocketed higher today after Apollo Global Management (APO) announced it will spend roughly $1.5 billion to

(Reuters) -Alternative asset manager Apollo Global Management will buy real estate firm Bridge Investment Group for about $1.5 billion in an all-stock deal, expanding its real estate offerings. Bridge stockholders and unit holders of its subsidiary will each receive 0.

Key Takeaways Bridge Investment Group Holdings agreed to be purchased by investment firm Apollo Global Management for $1.5 billion, and shares took off.The agreement gives Bridge investors Apollo shares worth about $11.