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Apollo Completes Reorganization Amid Proposed Buy of Lumen ILEC Assets

Apollo completed its reorganization and merger transactions as part of its application to buy Lumen's ILEC assets, it said in a letter posted Tuesday in docket 21-350. The company said no foreign entity or individual holds more than 5% of…

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its common stock and no U.S. individual or entity holds more than 10% aside from co-founder Leon Black. The deal's 120-day initial review period began Monday (see 2204110059)