Great Canadian acquisition approved

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Apollo Global’s acquisition of Great Canadian has received approval from the Supreme Court of British Columbia in Canada.

The acquisition should be completed in the second quarter of 2021, at which point Great Canadian will delist from the Toronto Stock Exchange.

Shareholders approved the sale last week after Apollo raised its bid due to opposition from major institutional investors, some of whom said the stock could be worth $70 to $140 by 2022.

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