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Monday, April 12, 2021

Equity Corporate Actions Alert #2021 - 60
(UPDATED: Merger closed) Information Regarding the Merger of The Michaels Companies, Inc. (MIK)

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  • Industry Announcement

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The tender offer by Apollo Global Management Inc. (NYSE: APO) to acquire all of the outstanding common stock of The Michaels Companies, Inc. (MIK) expired at 5:00 p.m. ET, on April 14, 2021. The subsequent merger closed prior to the market open today, April 15, 2021. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on April 14, 2021. The stock will remain halted on the day of closing (April 15th) and will be suspended effective April 16, 2021. The details are as follows:

Company/Issue: The Michaels Companies, Inc. Common Stock.
CUSIP#: 59408Q106
Symbol: MIK
Last Trading Date: April 14, 2021
Marketplace Effective Date for Suspension: April 16, 2021
Merger Consideration: $22.00 for each share held.

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