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.

A New York-based asset management firm is swooping in to acquire a growing Utah-based real estate firm in a massive deal that will pull it off the stock market.

Salt Lake City-based Bridge manages approximately $50 billion in assets, primarily in the industrial and residential sectors.