Sale Of Jacuzzi Completed
Affiliates of Apollo Management completed the acquisition of Jacuzzi Brands in early February. Stockholders approved the merger on Jan. 25. Four class-action stockholder lawsuits filed after the merger announcement were settled by the company before the stockholder vote. The total transaction is valued at $1.25 billion.
Jacuzzi Brands’ CEO Alex P. Marini will have a continuing role managing both Jacuzzi Bath and Zurn Industries. George M. Sherman is Jacuzzi Bath’s nonexecutive chairman.