Apollo Funds Agree to Sell MAFTEC to Advantage Partners
- TOKYO and NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds managed by its affiliates (the “Apollo Funds”) have agreed to sell their interest in MAFTEC Group Co., Ltd. (“MAFTEC” or the “Company”), a Japan based global leader in ultra-high temperature heat insulating solutions serving the automotive and industrial end-markets, to funds managed by Advantage Partners.
- 06/26/2025
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Apollo Names Celia Yan as Head of Hybrid for Asia Pacific
- HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Celia Yan has joined the firm as a Partner and Head of Hybrid for Asia Pacific. Based in Hong Kong, Yan will lead the expansion of Apollo's hybrid platform across the region, building on the firm's momentum in delivering flexible, tailored capital solutions across private markets.
- 06/25/2025
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Excelitas Appoints Lynn Swann to Board of Directors
- PITTSBURGH, June 25, 2025 (GLOBE NEWSWIRE) -- Excelitas ® , a leading provider of advanced, life-enriching technologies that make a difference, serving global market leaders in the life sciences, advanced industrial, next-generation semiconductor and avionics sectors, today announced the appointment of Lynn Swann to its Board of Directors.
- 06/25/2025
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New Home Co. Completes Acquisition of Landsea Homes Corporation
- Establishes Top 25 National Homebuilder with Strong Foundation for Growth Establishes Top 25 National Homebuilder with Strong Foundation for Growth
- 06/25/2025
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Apollo Provides $750 Million High Grade Capital Solution to Mumbai International Airport Ltd. in Second Transaction
- Investment Grade Financing Supports Critical Indian Infrastructure Asset Investment Grade Financing Supports Critical Indian Infrastructure Asset
- 06/23/2025
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Trump’s Fellow College Alumni is Quite The List
- The 45th and 47th President of the United States, Donald Trump, is famously known for attending the University of Pennsylvania. Having started his college career at Fordham University, the president left Fordham after two years and went on to earn a degree from the University of Pennsylvania, a prestigious Ivy League institution. Key Points The President of the United States attended one of the nation’s most prestigious universities. The president isn’t the only famous graduate to have attended this school. Titans of industry and even a famous game maker are all graduates of the same school that the president attended. 4 million Americans are set to retire this year. If you want to join them, click here now to see if you’re behind, or ahead. It only takes a minute. (Sponsor) If you’re already familiar with the University of Pennsylvania, you know that the Wharton School, where the president graduated, is famously difficult to get into. This is considered one of the nation’s best business schools, and the president is far from being the only notable graduate. 20. Ivanka Trump Ivanka Trump, an American businesswoman, is the second-oldest child of President Donald Trump. A senior advisor in her father’s first administration, Ivanka also served as a boardroom judge on her father’s show, The Apprentice. She now serves as an executive vice president of the Trump Organization. 19. Donald Trump Jr. The firstborn son of the president, Donald Trump Jr., currently serves as an executive vice president of the Trump Organization. Running the company alongside his brother, Eric, Trump graduated from the Wharton School in 2000 with a Bachelor of Science in Economics. 18. Ron Perelman Investor, banker, businessman, and philanthropist are just a few of the words to describe Ron Perelman. Graduating from the University of Pennsylvania with an MBA, Perelman has held or currently holds positions in companies such as Revlon, RetailMeNot, Valassis, Scientific Games Corporation, and others. 17. Alex Gorsky Serving as the CEO of Johnson & Johnson since 2012, Alex Gorsky graduated from Wharton in 1996. In addition to his role at J&J, Gorsky serves as a board director at Apple and JP Morgan Chase, and spoke at the school’s 2022 MBA graduation ceremony. 16. Mark Pincus Mark Pincus, the man responsible for the Farmville craze during Facebook’s early days, is the founder of Zynga. One of the world’s best-known mobile social gaming companies, Pincus left his role in 2016. Pincus would later go on to co-found an investment firm with investments in companies such as Lyft, SpaceX, and Oscar Health. 15. Laurene Powell Jobs Billionaire and philanthropist Laurene Powell Jobs is the widow of Steve Jobs, former co-founder and CEO of Apple. Managing the Steve Jobs Trust, Jobs graduated from the University of Pennsylvania in 1985 and later founded the Emerson Collective, which she uses to support organizations like The Atlantic and Axios. Powell also owns a 20% stake in Monumental Sports & Entertainment, which owns multiple sports teams. 14. Brian L. Roberts Brian L. Roberts, the chairman and CEO of Comcast, is an American businessman and billionaire. Attending school at the University of Pennsylvania, not too far away from where he was born, Roberts took over Comcast from his father. He was named the president of Comcast in 1990 and became CEO in 2002. Julian A. Brodsky, Robert’s father’s partner in founding Comcast, also attended the Wharton School. 13. Mort Zuckerman Mort (Moritmer) Zuckerman, the owner of Boston Properties, one of the world’s largest real estate investment trusts, is another MBA graduate of the University of Pennsylvania. He currently owns the U.S. News & World Report, having previously owned The Atlantic and Fast Company. 12. Josh Harris Josh Harris, the founder of private equity firm Apollo Global Management, is one of the world’s wealthiest individuals. He currently has ownership stakes in the Philadelphia 76ers basketball team, the New Jersey Devils hockey team, and the NFL’s Washington Commanders. Harris holds an economics degree from the Wharton School, which he earned in 1986. 11. Steve Cohen Graduating with an economics degree from the Wharton School, Steve Cohen is a billionaire businessman. The owner of the New York Mets baseball team, Cohen, is the founder of S.A.C. Capital Advisors. Cohen famously played a role in supporting Ken Griffin’s Citadel short squeeze of GameStop with Gabe Plotkin. According to Forbes, Cohen has a current net worth of $21.3 billion. 10. Robert Crandall Widely regarded as the creator of the frequent flyer program, Robert Crandall was the former president and chairman of American Airlines. Considered a titan of the industry, Crandall created the AAdvantage program, which was the first major mileage-reward frequent flyer program in the airline industry. 9. Edmund T. Pratt Jr. Edmund T. Pratt Jr., the former Chairman and CEO of Pfizer Inc., served as CEO from 1972 to 1991 and as Chairman until 1992. An MBA graduate of the University of Pennsylvania, Pratt played a pivotal role in transforming Pfizer into a global pharmaceutical giant. Under his leadership, annual revenue increased from $1 billion to nearly $7 billion. 8. Elon Musk The current world’s wealthiest person, Elon Musk, is everywhere and seemingly has his hand in everything. As of June 2025, Elon Musk has an estimated net worth of approximately $409 billion, making him one of the wealthiest individuals in recorded history. The CEO of Tesla, SpaceX, and xAI, Musk, was an initial big player in the President’s current administration, overseeing the DOGE office before stepping away. 7. William Wrigley Jr. II The former chairman and CEO of William Wrigley Jr. Company, William Wrigley Jr. II, is the great-grandson of the company founder. Receiving his undergraduate degree from Duke, Wrigley received his MBA from the University of Pennsylvania. The company secured Altoids and Life Savers during his tenure, before selling them to Mars Candy for $23 billion, earning himself an estimated $3 billion. 6. Sundar Pichai An MBA graduate in 2002, the current CEO of Alphabet, Sundar Pichai, received his degree from the University of Pennsylvania. Joining Google in 2004, he was appointed as the company’s CEO after Eric Schmidt stepped down in 2015. Among his notable contributions, Pichai has played a key role in the development of Gmail, Google Maps, Google Drive, Chrome OS, and Google Chrome. 5. Anil Ambani An Indian billionaire, Anil Ambani, is the chairman and managing director of the Reliance Group, one of India’s most notable corporations. His net worth as of early June 2025 is estimated to be around $3 billion. At one point, Ambani was ranked as the sixth wealthiest person in the world, having received his MBA from the University of Pennsylvania. 4. Peter Lynch One of the most prolific investors of the modern day, Peter Lynch, a Wharton School MBA graduate, previously managed the Magellan Fund. A fund held by Fidelity Investments, Lynch famously averaged a 29.2% annual return between 1977 and 1990. During this time at the company, Lynch increased assets under management from $18 million to $14 billion. 3. John Sculley The man best known for firing Steve Jobs from Apple, John Sculley, attended the University of Pennsylvania. Famously leaving his role as the President of PepsiCo to take on the CEO role at Apple in 1983, Sculley stayed with the company for 10 years. For a time, Sculley was Silicon Valley’s highest-paid executive, earning $10.2 million annually. 2. JD Power James David Power III, another famous graduate of the University of Pennsylvania, also attended the Wharton School, earning an MBA in Finance. After joining Ford Motor Company, J.D. Power would go on to launch J.D. Power and Associates in 1968. Today, J.D. Power is a leading analytics firm that tracks trends across various industries, including automobiles, financial services, telecommunications, and many others. 1. President Donald Trump Starting at Fordham University in 1964, the president stayed at the school for two years before transferring to the University of Pennsylvania in 1966. After graduation, Trump famously went on to extend his father’s real estate empire, open up numerous businesses, host a popular TV show, and, of course, ascend to the highest office in the land. The post Trump’s Fellow College Alumni is Quite The List appeared first on 24/7 Wall St..
- 06/23/2025
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Apollo to fund UK's Hinkley Point nuclear project with $6 billion loan
- Apollo Global will provide 4.5 billion pounds ($6.08 billion) in financing to support Britain's long-delayed Hinkley Point nuclear project, the U.S. private equity group said on Friday.
- 06/20/2025
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Apollo Commits to £4.5 Billion Financing for Électricité de France, Marking the Largest Sterling-Denominated Private Credit Transaction
- Proceeds to primarily finance EDF projects in the UK, notably the Hinkley Point C nuclear power station Proceeds to primarily finance EDF projects in the UK, notably the Hinkley Point C nuclear power station
- 06/20/2025
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Mosaicx Launches AI-Native CX Platform and Wins Top Honor at CCW Las Vegas 2025
- Recognized for innovation and inclusion, Mosaicx debuts next-generation Engage platform and earns Best Workplace for Gender Equity Award Recognized for innovation and inclusion, Mosaicx debuts next-generation Engage platform and earns Best Workplace for Gender Equity Award
- 06/18/2025
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Apollo pulls the plug on a recruiting practice that led to JPMorgan crackdown: See the memo
- Apollo halted 2027 associate class recruiting, disrupting private equity norms. Jamie Dimon has criticized the practice, and JPMorgan cracked down on it last week.
- 06/11/2025
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T.D. Williamson Announces Strategic Investment from Apollo Funds
- TULSA, Okla. , June 10, 2025 /PRNewswire/ -- T.D.
- 06/10/2025
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Top 2 private equity stocks to buy for the second half of 2025
- LionTrust fund manager, Storm Uru says some of the most compelling opportunities for investors in search of durable growth amidst persistent macro uncertainty may be in the private equity space.
- 06/06/2025
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The Future Ain't What It Used to Be for These Funds
- Wall Street wants to sell more ‘alternative' assets to small investors. The glory days for these assets may already be ending.
- 06/06/2025
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Doral Renewables Partners with American Farmland Trust to Expand Smart Solar℠ Initiative
- PHILADELPHIA , June 5, 2025 /PRNewswire/ -- Doral Renewables LLC (Doral) and American Farmland Trust (AFT) are proud to announce a long-term partnership to advance innovation and sustainability for farming communities across the nation through support for AFT's Smart Solar initiative. More than 10 million acres of land will be needed to meet America's renewable energy goals by 2050, with 80% of this development slated to occur on agricultural lands.
- 06/05/2025
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Mosaicx Unveils AI-Native CX Platform at CCW Las Vegas
- CCW Award finalist and pioneer in native AI to lead three speaking sessions CCW Award finalist and pioneer in native AI to lead three speaking sessions
- 06/05/2025
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Apollo to Present at the Morgan Stanley 2025 US Financials Conference
- NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley 2025 US Financials Conference on Wednesday, June 11, 2025 at 7:30 am EDT. A live webcast of the event will be available on Apollo's Investor Relations website at ir.apollo.com.
- 06/03/2025
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Here's why private equity stocks like Blackstone, KKR, Apollo have crashed
- Top private equity stocks have plunged this year as concerns about the industry remain. Apollo Global stock price was trading at $130.5 on Monday, down by 30% from its highest point this year.
- 06/02/2025
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Apollo Partners With Major Banks to Boost Private Credit Trading
- APO teams up with major banks to expand private credit trading, aiming to boost liquidity and attract more capital.
- 06/02/2025
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Apollo: Originating Capital, Compounding Quietly
- Apollo Global Management is structurally advantaged by its hybrid model, combining insurance, origination, and asset management for resilient, recurring earnings and scalable AUM growth. The market undervalues APO's strong free cash flow, robust fee-related earnings, and exposure to megatrends in private credit and yield solutions. Key catalysts include sustained origination volumes, successful Bridge Investment Group integration, macro stabilization, and potential regulatory changes expanding access to alternatives.
- 06/02/2025
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Athene Holding's ATHS Offers Attractive 8.2% IG Yield And Short Duration Exposure
- ATHS offers an 8.2% yield-to-call, now more attractive than four months ago, with potential for price appreciation above $27. Athene Holding's financials remain robust, with strong interest coverage and a substantial equity cushion supporting the junior subordinated debt. If not called in 2029, ATHS's coupon is set to reset higher, benefiting from rising 5-year Treasury yields and supporting its low-duration profile.
- 06/01/2025
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5 Alpha Generating Monsters
- Any stock can generate alpha, but doing it consistently is rare. These 5 stocks have delivered alpha for 4 out of the last 5 years. Valuation is important, so I screen for it and eliminate overpriced stocks.
- 05/30/2025
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Apollo Global Management Partners With Banks to Trade Private Credit
- Apollo Global Management is reportedly working with five banks, including JPMorgan Chase & Co. and Goldman Sachs Group, to trade private credit. The collaboration will enable Apollo and its partners to syndicate investment grade debt on a larger scale, with the banks acting as broker-dealers, Bloomberg reported Thursday (May 29).
- 05/29/2025
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Apollo Global Management's Torsten Slok: This is essentially stagflation
- Torsten Slok, Apollo Global Management chief economist, joins CNBC's 'Squawk on the Street' to discuss how tariffs could impact inflation and rates, macro outlooks, and more.
- 05/23/2025
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Doral Renewables Secures $1.5 Billion of Debt and Tax Equity Financing for the Completion of Mammoth Solar
- PHILADELPHIA , May 19, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral") has successfully closed construction project financing for the Mammoth South, Mammoth Central I, and Mammoth Central II solar projects in Pulaski County, Indiana. The three projects, each with a generation capacity of 300 MWac, are part of the broader 1.3 GW Mammoth Solar facility.
- 05/19/2025
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2 Dividend Stocks I'm Wildly Bullish On
- Private credit is booming as banks step back, and private lenders fill the gap, offering tailored loans and strong income potential. I see a long-term opportunity. Still, I remain cautious. This fast-growing market lacks transparency and liquidity, making it vital to focus on the strongest, most resilient players. Rather than chasing high yields, I prefer asset managers positioned for sustainable growth, income expansion, and long-term compounding from this trend.
- 05/18/2025
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BRIDGE INVESTMENT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bridge Investment Group Holdings Inc. - BRDG
- NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bridge Investment Group Holdings Inc. (“Bridge” or the “Company”) (NYSE: BRDG) to Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, Bridge shareholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge.
- 05/16/2025
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Apollo to Present at the Bernstein 41st Annual Strategic Decisions Conference
- NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Jim Zelter, President of Apollo Global Management, will participate in a fireside chat at the Bernstein 41st Annual Strategic Decisions Conference on Thursday, May 29, 2025 at 8:00 am EDT.
- 05/16/2025
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Doral Renewables Secures $1.5 Billion of Debt and Tax Equity Financing for the Completion of Mammoth Solar
- PHILADELPHIA , May 15, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral") has successfully closed construction project financing for the Mammoth South, Mammoth Central I, and Mammoth Central II solar projects in Pulaski County, Indiana. The three projects, each with a generation capacity of 300 MWac, are part of the broader 1.3 GW Mammoth Solar facility.
- 05/15/2025
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PK AirFinance Issues $729 Million Aviation Loan ABS
- Brings PK's Cumulative ABS Issuance to $2 Billion Over the Past Nine Months Brings PK's Cumulative ABS Issuance to $2 Billion Over the Past Nine Months
- 05/14/2025
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Johnson Fistel Investigates the Fairness of Proposed Sale of Landsea Homes Corporation to New Home Co.
- SAN DIEGO, May 13, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP has launched an investigation into whether the board members of Landsea Homes Corporation (NASDAQ: LSEA) breached their fiduciary duties in connection with the proposed sale of the Company to New Home Co, a portfolio company of funds managed by affiliates of Apollo Global Management (NYSE: APO).
- 05/13/2025
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Apollo Hybrid Funds to Acquire PowerGrid Services from The Sterling Group
- Investment Will Support Leading Provider of Electric Utility Maintenance and Construction Services in its Mission to Address Growing US Power Demand and Needed Grid Improvements HARTSELLE, Ala. and NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Apollo-managed funds and affiliates associated with its hybrid strategies (the “Apollo Funds”) have agreed to acquire a majority stake in PowerGrid Services (“PGS”), a leading provider of maintenance and construction services to electric utilities across the United States.
- 05/13/2025
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3 Alternative Asset Managers Are Raising Dividends by 5% to 25%
- Over the past 20 years, alternative assets (like private equity, hedge funds, real estate, infrastructure, and venture capital) have grown significantly in importance. They used to make up just 6% of all global assets under management (AUM)—which is the total amount of money managed by investment firms.
- 05/13/2025
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New Home Co. to Acquire Landsea Homes Corporation, Creating a Top 25 National Homebuilder
- Landsea Homes Shareholders to Receive $11.30 Per Share in Cash , Representing a Premium of Approximately 61% to the Closing Share Price on May 12, 2025
- 05/12/2025
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TeleVox Practice Edition Named “Best Practice Management Solution” in 2025 MedTech Breakthrough Awards Program
- OMAHA, Neb., May 12, 2025 (GLOBE NEWSWIRE) -- TeleVox , the industry-leading provider of omnichannel patient relationship management platforms, today announced that Practice Edition has been selected as winner of the “Best Practice Management Solution” award in the 9th Annual MedTech Breakthrough Awards program conducted by MedTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies, and products in the global digital health and medical technology market.
- 05/12/2025
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Fed is stuck between the two parts of its dual mandate: Apollo Global Management
- Torsten Slok of Apollo Global Management talks abut the Federal Reserve's role as a backstop for the U.S. economy and the tools it could use to calibrate it.
- 05/08/2025
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Juggling Investor Demands? Learn How IROs Make Every Minute Count
- NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- WHAT: Webinar – Strategic Time Management for Today's IRO Today, IR teams are under more pressure than ever before. New regulations, rising ESG expectations and more direct engagement with investors mean today's IROs need to work smarter, move faster and manage their time more carefully.
- 05/08/2025
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Apollo's Aspen Insurance raises $397.5 million in US IPO
- Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer.
- 05/07/2025
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Apollo Funds to Acquire Hav Energy from HitecVision
- NEW YORK and STAVANGER, Norway, May 06, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and HitecVision, a leading investor in the European energy industry, today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire maritime liquefied natural gas carrier (“LNGC”) infrastructure platform Hav Energy LNG Holding AS (“Hav Energy”) from HitecVision. Financial terms were not disclosed.
- 05/06/2025
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Apollo Global: Limited Upside Given Investment Spread Pressures
- Apollo Global's stock has declined about 25% from its highs, despite a 20% gain over the past 12 months, presenting a potential value opportunity. Apollo's AUM grew 17% to $785 billion, with $43 billion in net inflows this quarter, supporting double-digit organic growth. The company's fee-related earnings were strong, with management fees up 18%, highlighting the resilience of its credit-focused asset management business.
- 05/06/2025
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The US has damaged its brand, Apollo Global Management Marc Rowan says
- About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
- 05/05/2025
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Apollo Global Management CEO on Mexico-US trade negotiations
- "The issues that separate us from Mexico are not existential to Mexico. As one leading Mexican industrialist said to me, if it takes tariffs to make Mexico great again, so be it," says Apollo Global Management, Inc. CEO Marc Rowan bloom.bg/4k4hE24
- 05/05/2025
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Notified Launches IR Hub, the Intelligent Control Center for Investor Relations
- All-in-One Platform for Earnings Calls, Regulatory Filings, IR Websites, Press Releases and Analytics All-in-One Platform for Earnings Calls, Regulatory Filings, IR Websites, Press Releases and Analytics
- 05/05/2025
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Apollo Global Q1 Earnings Miss Estimates, Expenses Increase Y/Y
- APO's first-quarter 2025 results are affected by a rise in expenses. However, an increased AUM balance acts as a tailwind.
- 05/02/2025
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Tenneco Announces Completion of Strategic Investment to Accelerate Growth
- Northville, Mich., April 30, 2025 – Tenneco completed its investment in Clean Air and Powertrain with Apollo Fund X and American Industrial Partners.
- 04/30/2025
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Apollo to Present at the 2025 Barclays Americas Select Franchise Conference
- NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the Barclays Americas Select Franchise Conference on Wednesday, May 7, 2025 at 8:30 am EDT.
- 04/30/2025
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Apollo Global: Extraordinary Performance With Alternative Assets
- Apollo Global Management, Inc. is a global alternative asset manager growing quickly through proven strategy and acquisitions. Apollo's acquisition of Bridge Investment Group and its robust performance under CEO Marc Rowan position it for continued outperformance and growth in fee-related earnings. Despite a recent price drop due to tariff shocks, APO's historical outperformance of the S&P 500 and Financial Sector presents a buying opportunity.
- 04/30/2025
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Higher Expenses to Hurt Apollo's Q1 Earnings, AUM Growth to Aid
- APO's first-quarter 2025 results are likely to reflect a higher AUM balance and a rise in expenses.
- 04/29/2025
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Doral Renewables Secures Tax Equity Financing for Great Bend Solar Project
- PHILADELPHIA , April 29, 2025 /PRNewswire/ -- Doral Renewables LLC ("Doral Renewables") has successfully closed tax equity financing for its Great Bend solar project. Fifth Third Bank committed to invest up to $30 million of tax equity into the project.
- 04/29/2025
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Apollo Funds to Acquire Pan-European, Highly Interconnected Colocation Data Center Business from STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure
- LONDON and NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed infrastructure funds (the “Apollo Funds”) have agreed to acquire the European colocation business (the “Company”) developed and managed by STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors LLC (“BODI”) in a carve-out transaction.
- 04/29/2025
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Press Release Formatting Tips: How to Make Your News Stand Out
- NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Formatting your press release correctly is just as important as the content. A clear, well-structured release makes your news more engaging, grabs media attention and helps your story shine.
- 04/28/2025
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Sam Meckey Named President of WestCX
- ISLANDIA, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- West Technology Group, LLC (the “Company” or “West”), a global leader in technology-enabled services, today announced the appointment of Sam Meckey as President of its WestCX business unit, effective immediately.
- 04/28/2025
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The More It Underperforms, The More I Buy
- Three sectors of the market have soared in recent years. However, there are laggards in each of them. I discuss why these underperformers are a golden buying opportunity for investors today.
- 04/27/2025
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TeleVox Unveils End-to-End Call Analytics Solution Insights360
- OMAHA, Neb., April 23, 2025 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, launches Insights360, the only cloud-based analytics solution that records and analyzes every aspect of patient call experiences from dial to disconnect, including time on hold, self-service actions, transfers to a live agent, and third-party services.
- 04/23/2025
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Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures
- NEW YORK and SOUTH BURLINGTON, Vt., April 23, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Bullrock Energy Ventures (“Bullrock”) today announced that Apollo-managed funds (the “Apollo Funds”) have committed to fund up to $220 million for a new joint venture partnership with Bullrock related to a portfolio of community solar assets located in New York and New England. $100 million of Apollo's equity commitment will fund the development of Bullrock's nearly 500 MW pipeline of renewable energy assets.
- 04/23/2025
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3 Dividend (Growth) Stocks Selling For 60 Cents On The Dollar
- We live in a world full of financial traps, from slick sales tactics to overly complex investment products. I've seen firsthand how damaging this can be. When markets get rocky, some firms roll out shiny "new" ideas, which are often costly, complex, and timed just right to take advantage of investor uncertainty. I stay cautious. Instead of chasing complicated alternatives, I prefer sticking to solid, undervalued dividend investments that align with long-term goals, and I share a few favorites.
- 04/22/2025
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NovaSource and Doral Renewables Prepare to Deploy One of the US' Largest Agrivoltaics Facilities in Northwest Indiana
- CHANDLER, Ariz. , April 21, 2025 /PRNewswire/ -- NovaSource Power Services ("NovaSource"), the world's largest solar operations and maintenance ("O&M") provider, has partnered with Doral Renewables and been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.
- 04/21/2025
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Apollo Announces Changes to its Board of Directors
- Gary Cohn to join the Board as Lead Independent Director Outgoing Chair and Lead Independent Director Jay Clayton assuming role as interim US Attorney for SDNY NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced changes to its Board of Directors. Financial services leader Gary Cohn has been appointed to the Board as Lead Independent Director.
- 04/17/2025
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AI Search Loves Press Releases—Here's Why
- NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- WHAT: Webinar - Maximizing Search Visibility: The New Role of Press Releases in AI Search Engines With AI-powered search prioritizing authoritative sources and verified facts, press releases now play a bigger role than ever in communications strategies. In our special webinar, you'll learn how releases directly influence AI search rankings and how to optimize yours for maximum visibility.
- 04/17/2025
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Athene Enhances Flagship Annuity Products, Expands Innovative Preset Allocation Feature
- WEST DES MOINES, Iowa, April 16, 2025 (GLOBE NEWSWIRE) -- Athene, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), today announced new features on two of its flagship annuity products, designed to simplify the user experience.
- 04/16/2025
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Leading Investor Criticizes 60/40 Portfolio: Why Our Approach Is Better
- The traditional 60-40 strategy has failed to deliver meaningful returns during recent market cycles. We discuss why the 60-40 strategy may be structurally broken going forward. We share an approach that we believe is far better for today's world.
- 04/16/2025
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Apollo Funds Commit up to $400 Million for New Commercial Solar Partnership with Summit Ridge Energy
- NEW YORK and ARLINGTON, Va., April 11, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Summit Ridge Energy, LLC (“Summit Ridge Energy” or “Summit Ridge”), one of the nation's leading commercial solar companies, today announced that Apollo-managed funds (the “Apollo Funds”) have committed up to $400 million for a new joint venture partnership with Summit Ridge to jointly own and operate a portfolio of commercial solar assets across Illinois.
- 04/11/2025
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More downside risk for the economy going forward, says Apollo Global's Torsten Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'Closing Bell Overtime' to talk the economic impact of recent tariffs and Trump admin policy.
- 04/03/2025
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Notified and SWNS Partner to Help Businesses Expand Reach Across UK
- GlobeNewswire Clients Can Now Boost Content Across 65 Media Outlets, Increasing Visibility GlobeNewswire Clients Can Now Boost Content Across 65 Media Outlets, Increasing Visibility
- 04/03/2025
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Apollo's APOS: Good Investment If Redeemed, Great If Not
- Apollo Global Management's Reset Rate Junior Subordinated Notes offer a 7.625% annual interest until 2028, with a potential reset rate based on five-year US Treasury yields plus 3.226%. APOS is currently trading at $26.04 with a Yield-To-Call of 6.54%, and is rated BBB+ by S&P and Fitch, and A3 by Moody's. Apollo Global Management is a stable, leading global alternative asset manager with strong credit ratings, consistent dividend payments, and a solid capital structure.
- 04/03/2025
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Apollo to Announce First Quarter 2025 Financial Results on May 2, 2025
- NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the first quarter 2025 on Friday, May 2, 2025, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 04/02/2025
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Yahoo strikes deal to sell TechCrunch to investment firm
- Yahoo has signed a deal to sell its 20-year-old technology news website, TechCrunch, to media investment firm Regent, the companies said on Friday.
- 03/21/2025
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These 3 Stocks Account for Nearly 30% of Billionaire Leon Cooperman's Portfolio.
- Leon Cooperman has been investing for over 50 years, and even though the billionaire is approaching his 82nd birthday in April, he continues to look for excellent stocks to own and profit from.
- 03/20/2025
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Former Indiana Governor Holcomb Joins Doral Renewables Board of Directors
- PHILADELPHIA , March 20, 2025 /PRNewswire/ -- Doral Renewables LLC, a leading developer, owner, and operator of renewable energy projects, has announced the appointment of former Indiana Governor Eric J. Holcomb to its board of directors.
- 03/20/2025
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Apollo Funds to Acquire OEG, a Leading Provider of Core Services to the Offshore Energy Industry
- LONDON and NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo funds”) have agreed to acquire a majority stake in OEG Energy Group (“OEG” or the “Company”), a leading offshore energy solutions business, from funds managed by the Power Opportunities strategy of Oaktree Capital Management, LP (“Oaktree”) and other investors. The transaction implies a headline valuation of more than $1 billion for OEG, and Oaktree and others will retain a minority equity interest in the Company.
- 03/19/2025
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Mastering Media Outreach: Strategies for Building Stronger, More Meaningful Journalist Connections
- NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- WHAT: Webinar: Beyond the Blast – How to Pitch with Purpose and Build Lasting Media Relationships Nearly three out of four journalists say most of what hits their inbox isn't relevant. How can you improve your media outreach?
- 03/19/2025
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Final Trades: Apollo Global, KKR and UnitedHealth
- The Investment Committee give you their top stocks to watch for the second half.
- 03/17/2025
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West to Divest Notified
- ISLANDIA, N.Y., March 17, 2025 (GLOBE NEWSWIRE) -- West Technology Group, LLC (the “Company” or “West”), a global leader in technology-enabled services, today announced it has entered into a definitive agreement to sell its Notified business to Equiniti (EQ)1, a global leader in shareholder services and advisory firm, for $534.5 million, inclusive of an $80 million earnout.
- 03/17/2025
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Apollo, Athene and Motive Ventures Invest in ARS to Accelerate Availability of Guaranteed Income Offerings in Defined Contribution Market
- With Over 11,000 Americans Turning 65 Every Day, ARS's Technology Addresses Growing Need for Security of Lifetime Income, Delivered Directly into Target Date Funds Investment Accelerates Athene's Ability to Bring Guaranteed Income Offerings to the Defined Contribution Market WEST DES MOINES, Iowa, March 13, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO), Athene, and Motive Partners today announced the purchase of ARS, an innovative guaranteed lifetime income solutions and technology provider for the defined contribution market. With the number of Americans age 65+ expected to increase 40% by 2050, there is a massive need for solutions that provide guaranteed income.
- 03/13/2025
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Here Are Billionaire Leon Cooperman's 5 Biggest Stock Holdings
- Leon Cooperman is a well-known billionaire hedge fund manager, and although he does manage money on behalf of a few clients, the bulk of his hedge fund's assets are his own money.
- 03/12/2025
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Motive Partners and Apollo Launch Lyra Client Solutions
- NEW YORK--(BUSINESS WIRE)--Motive Partners (“Motive”), a specialist private equity firm focused on financial technology, and Apollo (NYSE: APO) today announced the launch of Lyra Client Solutions Holdings, LLC (“Lyra”). A spin-out from Apollo's client services division, Lyra offers a differentiated client-servicing solution, delivering technology and operations capabilities that enhance efficiency and the client experience in both the institutional and wealth channels. Motive and Apollo have bo.
- 03/06/2025
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Elevate Your IR Strategy: Learn How to Unlock Data-Driven Insights for Smarter Decision-Making!
- NEW YORK , March 05, 2025 (GLOBE NEWSWIRE) -- WHAT: Webinar – How to Use Data to Drive IR Strategy Across your investor relations program, you have access to a wealth of data from earnings calls and websites to press releases – but are you leveraging it effectively? Join us for this exclusive webinar to learn how to turn your IR data into a strategic advantage.
- 03/05/2025
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BGL Announces the Sale of GFL's Environmental Services Business Valued at $8 Billion
- The transaction will allow GFL to pursue organic growth initiatives and solid waste M&A opportunities CLEVELAND , March 3, 2025 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce GFL Environmental Inc. (NYSE: GFL) (GFL), the fourth-largest diversified environmental services company in North America, has sold its Environmental Services business to funds managed by affiliates of Apollo (NYSE: APO) (Apollo Funds) and BC Partners (BC Funds) for an enterprise value of $8 billion. BGL's Environmental investment banking team served as GFL's financial advisor in the transaction.
- 03/03/2025
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TeleVox Helps Health Systems and Practices Get SMART About Patient Relationship Management at HIMSS® 2025
- TeleVox's AI-powered virtual assistant, SMART Agent, transforms patient experiences TeleVox's AI-powered virtual assistant, SMART Agent, transforms patient experiences
- 03/03/2025
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Apollo to Present at the 2025 RBC Financial Services Conference
- NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Jim Zelter, President of Apollo Global Management, will participate in a keynote panel discussion focused on private markets at the RBC Financial Services Conference on Wednesday, March 5, 2025 at 12:20 pm ET.
- 03/03/2025
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Apollo Names Shimpei Kanzaki as Japan Global Wealth Head
- TOKYO, March 02, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced it has hired Shimpei Kanzaki as a Managing Director and Head of Japan Global Wealth. Kanzaki brings more than 20 years' experience in alternative investments, private markets and the wealth management industry, and will report to Edward Moon, Partner and Head of Asia Pacific Global Wealth for Apollo.
- 03/02/2025
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BRIDGE INVESTMENT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bridge Investment Group Holdings Inc. - BRDG
- NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bridge Investment Group Holdings Inc. (“Bridge” or the “Company”) (NYSE: BRDG) to Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, Bridge shareholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge.
- 02/28/2025
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Apollo Enters Deal to Buy Bridge, Expands Real Estate Offering
- APO set to acquire Bridge for $1.5 billion. The deal aligns with APO's objective to expand its real estate expertise and strengthen its wealth business.
- 02/25/2025
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Apollo Announces 2025 Annual Meeting of Stockholders
- NEW YORK, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that its 2025 Annual Meeting of Stockholders will be held virtually on June 6, 2025, at 9:30 am ET. The record date for the meeting is April 14, 2025. Information on the virtual meeting will be included in the 2025 proxy statement.
- 02/24/2025
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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Bridge Investment Group Holdings Inc.
- NEW YORK , Feb. 24, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Bridge Investment Group Holdings Inc. (NYSE: BRDG) and its board of directors concerning the proposed acquisition of the company by Apollo (NYSE: APO). Stockholders will receive 0.07081 shares of Apollo common stock for each share of Bridge Investment stock that they hold.
- 02/24/2025
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Tenneco Announces Strategic Investment to Accelerate Growth
- NORTHVILLE, Mich., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Tenneco, Inc. (“Tenneco”) today announced a strategic investment from Apollo Fund X into the company's Clean Air and Powertrain businesses – an important step in unlocking growth opportunities and strengthening the company's long-term position as a leading global automotive supplier.
- 02/24/2025
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Apollo to Acquire Bridge Investment Group
- Scaled Investment Platform Expands Apollo's Origination Capabilities in Residential and Industrial Real Estate Bridge Manages $50 Billion of High-Quality AUM in Complementary Sectors Aligned with Apollo's Long-Term Growth Strategy NEW YORK and SALT LAKE CITY, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion. Founded in 2009, Bridge is an established leader in residential and industrial real estate as well as other specialized real estate asset classes.
- 02/24/2025
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Redding Ridge Asset Management to Acquire Irradiant Partners
- RRAM, an Affiliate of Apollo, to add ~$11 billion of CLO assets bringing total AUM to ~$38 billion Irradiant's John Eanes Named Incoming CIO of RRAM US NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Redding Ridge Asset Management (RRAM), an independently managed affiliate of Apollo (NYSE: APO), today announced it has agreed to acquire Irradiant Partners, an alternative investment manager specializing in liquid credit, private credit and renewables. As a result of the acquisition, RRAM will add $10.7 billion of CLO AUM, further scaling the business and creating a top five CLO manager with approximately $38 billion of AUM.
- 02/21/2025
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InvestCloud Announces Founding Partnership with Apollo Enabling Groundbreaking Private Markets Account™ Network for Integrated Management of Public and Private Markets Assets
- LOS ANGELES--(BUSINESS WIRE)--InvestCloud, a global leader in wealth technology, today announced a founding partnership with Apollo (NYSE: APO) to activate the Private Markets Account Network (PMA Network), which was launched with the first-of-its-kind Private Markets Account (PMA) in December 2024. Only available from InvestCloud, the PMA combines public and private assets within a single, unified platform to enable a seamless wealth management experience for financial advisors and their clien.
- 02/20/2025
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Athene Holding: A 7.1% Yielding, Investment-Grade Addition To Our Portfolio
- The article considers reallocating portfolios toward fixed-income securities, highlighting Athene Holding Ltd.'s 7.25% Rate Reset Junior Subordinated Debentures due 2064 as a safer investment with attractive yields. Athene Holding Ltd.'s financial stability and low-leveraged capital structure make its debt issues appealing, despite the common shares not being listed. The debentures offer a 7.09% yield-to-call, with interest resetting every five years based on the five-year US Treasury rate plus a 2.986% spread.
- 02/18/2025
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Apollo Funds Acquire Bold Production Services, a Leading Provider of Production-Linked Contracted Gas Treatment Solutions
- Transaction to Further Accelerate Bold's Growth Amid Increasing Demand for U.S. Natural Gas and Required Treatment Solutions Transaction to Further Accelerate Bold's Growth Amid Increasing Demand for U.S. Natural Gas and Required Treatment Solutions
- 02/12/2025
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Former U.S. Senator Joe Manchin to Serve as Adviser to Apollo and Appointed to Athene Board of Directors
- WEST DES MOINES, Iowa, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Athene Holding Ltd. (“Athene”), today announced that former U.S. Senator Joseph Manchin III has been named an adviser to Apollo and appointed to the Athene Board of Directors, effective February 3, 2025. Senator Manchin will provide advisory services to Apollo on various matters including energy markets, given the firm's leading role in providing capital to enable the global industrial renaissance.
- 02/06/2025
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Apollo Global: A Normal Quarter, An Intriguing Earnings Call
- Apollo Global Management, Inc.'s recent earnings call showed strong metrics, with FRE and SRE growth aligning with forecasts, despite APO stock being 25% above my valuation range. My model values APO at $96-130, suggesting a conservative approach compared to Ares, which trades at higher multiples. CEO Marc Rowan confirmed 20% FRE and 10% SRE annual growth, with potential for mid-teen returns if the stock maintains current valuation.
- 02/05/2025
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Apollo Global Q4 Earnings Beat as AUM Rises, Revenues Decline Y/Y
- APO's Q4 earnings benefit from a rise in AUM balance, along with lower expenses. However, a decline in revenues remains a concern.
- 02/04/2025
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Apollo Global Management, Inc. (APO) Q4 2024 Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q4 2024 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Jim Zelter - President Martin Kelly - Chief Financial Officer Conference Call Participants Bill Katz - TD Cowen Glenn Schorr - Evercore ISI Patrick Davitt - Autonomous Research Alex Blostein - Goldman Sachs Ken Worthington - JPMorgan Chase Steven Chubak - Wolfe Research Mike Brown - Wells Fargo Craig Siegenthaler - Bank of America Brennan Hawken - UBS Operator Good morning, and welcome to Apollo Global Management's Fourth Quarter and Full-Year 2024 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode and following management's prepared remarks, the conference call will be opened for questions.
- 02/04/2025
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Here's What Key Metrics Tell Us About Apollo Global Management (APO) Q4 Earnings
- The headline numbers for Apollo Global Management (APO) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/04/2025
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Apollo Global's fourth-quarter profit tops estimates as assets surge
- Apollo Global Management's fourth-quarter profit exceeded expectations on Tuesday, helped by a strong growth in fees and solid performance in its retirement business.
- 02/04/2025
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Apollo Reports Fourth Quarter and Full Year 2024 Results
- NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the fourth quarter and full year ended December 31, 2024.
- 02/04/2025
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Japan In The Spotlight; Blockchain In AI's Shadow
- As the global private equity industry took tentative steps toward recovery in 2024, Japan raced ahead. The value of private equity investment in Japan jumped nearly 41% over the prior-year total in 2024, far outpacing the 25% year-over-year gain in global private equity deal value, according to S&P Global Market Intelligence data.
- 01/31/2025
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Apollo to Present at the 2025 UBS Financial Services Conference
- NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the UBS Financial Services Conference on Monday, February 10, 2025 at 9:40 am ET.
- 01/31/2025
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Apollo to Provide USD $500 Million Hybrid Capital Solution to Aldar in Fourth Transaction
- Transaction Represents One of the Largest Corporate Hybrid Private Placements in Abu Dhabi and Brings Aggregate Investment in Aldar led by Apollo to Approximately USD $1.9 billion Since 2022 Transaction Represents One of the Largest Corporate Hybrid Private Placements in Abu Dhabi and Brings Aggregate Investment in Aldar led by Apollo to Approximately USD $1.9 billion Since 2022
- 01/31/2025
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Higher Expenses to Hurt Apollo's Q4 Earnings, AUM Growth to Support
- Rising expenses are likely to hurt APO's Q4 earnings, while increased AUM balance is expected to offer some support.
- 01/28/2025
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Apollo Funds Complete Acquisition of Barnes Group
- BRISTOL, Conn. & NEW YORK--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, and Apollo (NYSE: APO) today announced that funds managed by affiliates of Apollo (the "Apollo Funds") have completed the previously announced acquisition of Barnes in an all-cash transaction with a total enterprise value of approximately $3.6 billion. “We are pleased to announce the.
- 01/27/2025
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Barings and Apollo Affiliates Provide $113 Million Debt Package for Westin Indianapolis
- CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world's largest diversified real estate investment managers, announced today that it has jointly originated a $113 million debt package alongside affiliates of Apollo (NYSE: APO) to refinance the Westin Indianapolis (the “Hotel”) in downtown Indianapolis. An affiliate of KSL Capital Partners (“KSL”) has owned the Hotel since 2019. The loan was structured with mezzanine and senior mortgage components. Barings funded the mezzanine component of.
- 01/27/2025
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Master the Art of Headlines: Join Ann Wylie for a Free Webinar to Boost Press Release Impact!
- NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) -- WHAT: Webinar - How to Write a Press Release Headline That Works Struggling to make your press release headlines stand out? Join award-winning writing coach Ann Wylie, president of Wylie Communications, for an exclusive webinar packed with proven strategies to craft attention-grabbing headlines that captivate readers, resonate with your audience and boost your chances of media coverage.
- 01/21/2025
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Notified and CIRI Strengthen Alliance to Empower Investor Relations Professionals
- Partnership Underscores Notified's Dedication to Advancing Investor Relations Through Technology and Best Practices Partnership Underscores Notified's Dedication to Advancing Investor Relations Through Technology and Best Practices
- 01/15/2025
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Apollo Makes Key Leadership Appointments Aligned to Firm's Five-Year Plan Announced at 2024 Investor Day
- CEO Marc Rowan to Enter Into 5-Year Employment Agreement Extension Jim Zelter Named President of Apollo Global Management John Zito Named Co-President of Apollo Asset Management Alongside Scott Kleinman NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Jim Zelter has been named President of Apollo Global Management, Inc. (AGM), the holding company for its asset management and retirement services businesses. The newly created role reflects Apollo's continued operational expansion and its significant growth plans across both the Apollo Asset Management, Inc. (AAM) and Athene Holding Ltd.
- 01/15/2025
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Apollo and Standard Chartered Form US$3B Financing Partnership for Global Infrastructure and Energy Transition Credit
- Standard Chartered Acquires Minority Stake in Apterra, an Apollo Platform Specializing in Infrastructure Debt Origination
- 01/14/2025
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Strong economy and Trump policies could increase risk of rising inflation: Apollo Global's Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'Closing Bell Overtime' to talk the possibility of no or limited rate cuts from the Fed and the state of the U.S. economy.
- 01/10/2025
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Barnes Group Shareholders Approve Transaction with Apollo Funds
- BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, today announced that its shareholders voted to approve the Company's previously announced acquisition by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) (the “Apollo Funds”) at the Company's Special Meeting of Shareholders (the “Special Meeting”). Under the.
- 01/09/2025
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Apollo on Hiring Spree as It Seeks to Expand Business in Japan
- APO plans to add resources to its Japan business to capitalize on rising deals and assets.
- 01/09/2025
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GFL Environmental Inc. Announces Agreement to Sell Environmental Services Business Valued at $8.0 Billion
- $8.0 billion valuation significantly exceeds management's initial expectations Proceeds to be used to repay up to $3.75 billion of debt and for opportunistic share repurchases of up to $2.25 billion Transaction allows GFL to roll $1.7 billion of equity in a tax efficient structure allowing for significant future value accretion Pro forma Net Leverage 1 of 3.0x creates greater financial flexibility and accelerates path to investment grade Reduces annualized cash interest by approximately $200 million, significantly improving Adjusted Free Cash Flow 1 conversion Maintains synergies between Environmental Services and Solid Waste businesses VAUGHAN, ON , Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has entered into a definitive agreement (the "Transaction Agreement") with funds managed by affiliates of Apollo (NYSE:APO) (the "Apollo Funds") and BC Partners (the "BC Funds") for the sale of its Environmental Services business for an enterprise value of $8.0 billion (the "Transaction"). GFL will retain a $1.7 billion equity interest in the Environmental Services business and expects to realize cash proceeds from the Transaction of approximately $6.2 billion net of the retained equity and taxes.
- 01/07/2025
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Apollo Reports Q4 Preliminary Net Investment Income of $265M
- APO's Q4 alternative net investment income is likely to be $265 million, suggesting a 9% annualized return on alternative net investments.
- 01/03/2025
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AHL.PR.F: A 7.00% Preference Shares IPO From Aspen Insurance Holdings
- Aspen Insurance Holdings Ltd. issued a new 7.00% non-cumulative preferred stock, AHL-F, with $200 million gross proceeds, rated BB+ by S&P and Ba1 by Moody's. AHL-F offers a 6.88% current yield and 6.59% yield to call, trading at $25.43, and is callable on and after 11/30/2029. Aspen Insurance shows stable financials ensuring preferred distributions are not threatened and sufficient common equity to cover debt and preferred equity.
- 01/02/2025
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Apollo to Announce Fourth Quarter and Full Year 2024 Financial Results on February 4, 2025
- NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the fourth quarter and full year 2024 on Tuesday, February 4, 2025, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 01/02/2025
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Brookfield: Why The Corporation Looks Better Positioned Than The Manager
- Brookfield: Why The Corporation Looks Better Positioned Than The Manager
- 12/31/2024
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Big Dividends Ahead: Where I'd Invest $10,000 In 2025
- I share my $10,000 dividend investment strategy for 2025, focusing on stocks with income potential and long-term growth prospects. These picks prioritize reliable dividends, strong fundamentals, and resilience, aiming to deliver consistent returns despite market conditions. With an eye on 2025 trends, I highlight why these investments stand out and how they can boost portfolios seeking income and growth.
- 12/25/2024
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12 Things That Can Go Wrong for the Stock Market in 2025, Apollo Says
- Economist Torsten Sløk doesn't see a recession in 2025 but he sees various risks including tariffs.
- 12/24/2024
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TD Cowen's Bill Katz on Apollo: A significant number of growth drivers ahead into 2025
- Bill Katz, TD Cowen senior equity analyst, joins 'Squawk on the Street' to discuss the latest market trends, impact of Apollo Global Management joining the S&P 500, 2025 outlook for asset managers, and more.
- 12/23/2024
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Notified Demonstrates How GlobeNewswire Can Improve Blog Readership
- Data Reveals Press Release Distribution Platform Drove a 33% Increase in Views Data Reveals Press Release Distribution Platform Drove a 33% Increase in Views
- 12/23/2024
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Apollo Art Auctions Celebrates Record-Breaking Pre-Christmas Sales
- LONDON, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Apollo Art Auctions delivered a stellar performance with a trio of auctions held on December 14th and 15th, achieving record-breaking sales and surpassing pre-sale estimates in their Fine Ancient Art & Jewellery – The prince collection sale. The auctions had set a bar in the antiquities market.
- 12/23/2024
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UFCW Urges SEC to Address Concerns Raised by Apollo-related Private Credit ETF
- WASHINGTON--(BUSINESS WIRE)--UFCW releases letter to SEC raising concerns about SPDR SSGA Apollo IG Public & Private Credit ETF which will invest in private credit products.
- 12/19/2024
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BARNES GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Barnes Group Inc. - B
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Barnes Group Inc. (NYSE: B) to funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Barnes will receive $47.50 in cash for each share of Barnes that they own. KSF is seeking to determine whether this consideration and the proces.
- 12/17/2024
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Apollo CEO's Flirtation With Politics Brings New Urgency to Succession Planning
- Marc Rowan is one of the few private-equity chiefs who hasn't clearly designated an heir apparent.
- 12/16/2024
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Meet 2 of the Newest Additions to the S&P 500 Index. Their Stocks Have Rocketed 868% and 460% Since Their IPOs, Although Things Could Change in 2025, According to Wall Street.
- The broader benchmark S&P 500 will soon undergo its quarterly rebalancing on Dec. 23. This involves dropping certain stocks from the index and adding others to replace them.
- 12/14/2024
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KBW Announces Index Rebalancing for Fourth-Quarter 2024
- NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
- 12/13/2024
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Notified Named to Inc.'s 2024 Best in Business List for Revolutionizing Public Relations Technology
- Recognized for Industry-first CLEAR Verified Integration; Commitment to Providing Secure, Trusted and Data-Driven Tools for Modern Storytellers Recognized for Industry-first CLEAR Verified Integration; Commitment to Providing Secure, Trusted and Data-Driven Tools for Modern Storytellers
- 12/10/2024
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Why Apollo Global and Workday are being added to the S&P 500
- Apollo Global Management (APO) and Workday (WDAY) are set to join the S&P 500 (^GSPC), replacing the Qorvo (QRVO) and Amentum (AMTM) as part of a rebalancing of the index. Ahead of the change, which takes effect before the start of trading on Monday, Dec. 23, Yahoo Finance Markets and Data Editor Jared Blikre explains why the stocks are being added to the index and take a look at Apollo and Workday's performance ahead of their S&P 500 inclusion.
- 12/09/2024
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Apollo Global Management, Workday Stocks Jump on S&P 500 Inclusion
- Shares of asset manager Apollo Global Management (APO) and human resources software provider Workday (WDAY) are surging more than 5% and 8%, respectively, in premarket trading Monday on news the companies will become the newest members of the S&P 500 Index.
- 12/09/2024
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Apollo Global Management to Join S&P 500 Index, Shares Up 6.1%
- APO's shares rise more than 6% as the firm is set to join the S&P 500 Index. The changes are set to go into effect before the opening of trading on Dec. 23.
- 12/09/2024
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Novolex to take packaging products maker Pactiv private in $6.7 bln deal
- Apollo Global Management-owned Novolex will buy packaging products maker Pactiv Evergreen in a $6.7 billion deal, the companies said on Monday.
- 12/09/2024
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North American Morning Briefing : Global Ad Shares Gain as Omnicom, Interpublic Near Merger Deal
- OPENING CALL Stock futures dipped on Monday as investors awaited inflation data later this week. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Wednesday's inflation reading will be the last major economic data point of the year, and it could be crucial ahead of the Federal Reserve's meeting next week. Meanwhile, global advertising stocks rallied as Omnicom and Interpublic neared a long-awaited union that would reshape the industry . Interpublic surged premarket, and shares in European rivals Publicis and WPP rose. South Korean markets came under renewed pressure after the leader of the country's ruling party said embattled president Yoon Suk Yeol would no longer be involved in running the country , in a move aimed at stabilizing state affairs. Investors were also assessing developments in the Middle East, where the Assad family dictatorship collapsed over the weekend. Rebel forces claimed control of Damascus and President Bashar al-Assad fled to Russia. Also this week, central banks in Europe and Canada will meet to decide on interest rates. Premarket Movers Apollo Global Management and Workday, will be added to the S&P 500 in the index's quarterly rebalancing, replacing Qorvo and Amentum Holdings, both of which will move to the S&P Small Cap 600 index. Apollo Global was up 6.1% and Workday rose 10%. Qorvo and Amentum fell. AppLovin fell 5.4% after it wasn't added to the S&P 500. Barron's had reported Friday that AppLovin, Apollo, and Coinbase Global were leading candidates that might be added to the index because they have three of the largest market values of any companies not in the S&P 500. Coinbase declined 1.8%. Super Micro Computer said it has been granted an extension from Nasdaq that gives the server marker until Feb. 25, 2025, to file its latest annual report and that it expects to file by the deadline. Shares rose 9.2% Tesla was up 2.1%. Watch For: Oracle 2Q earnings Today's Headlines/Must Reads: - Tapped-Out Private-Equity Investors Decline New Commitments - New York City's Biggest Office Landlord Offers a Glimpse of the Market's Comeback - Why Tariffs Could Really Pinch Retailers This Time MARKET WRAPS Forex: The dollar edged lower as investors bet on the Fed cutting interest rates further this month, Swissquote Bank said. Friday's nonfarm payrolls data boosted market expectations for the Fed to cut rates by 25 basis points at the December 18 meeting, supporting the case for a softer dollar even as investors seek safe haven assets amid global political turmoil. The euro could fall to $1.0500 in the short-term or even lower after the U.S. inflation data and the ECB policy decision later this week, according to ING. Core inflation might have accelerated in November, bringing into question if the Fed would be right to be cutting interest rates and the ECB is likely to cut rates by 25 basis points on Thursday which might open the door to taking rates below the so-called neutral rate that neither spurs nor slows growth, ING said. Sterling rose after China's pledge for more proactive fiscal stimulus Monex Europe said. The announcement was supporting risk appetite and offering tailwinds to sterling, it said. Energy: Oil rose on greater uncertainty in the Middle East after Syrian President Bashar al-Assad's regime fell. "The geopolitical situation in the Middle East is likely to remain tense in the coming days following the collapse of Syria's government," ANZ Research said. Still, gains are capped by persistent concerns over global demand and an impending glut despite OPEC+'s decision to extend a series of production cuts. The weak demand outlook was also underscored by Saudi Arabia's decision to lower its January prices for crude grades it sells to Asia, its main market. Focus this week will be on China's Central Economic Work Conference, as well as monthly reports from OPEC, the IEA and the EIA. DNB Markets said Saudi Arabia's decision to cut official oil selling prices for Asia underscores weaker demand in the continent. Aramco will sell January loadings of its flagship Arab Light grade to Asian buyers at a premium of $0.90 a barrel to the regional Dubai/Oman benchmark, compared with $1.70 in December. "This is the lowest premium to Dubai since the start of 2021, and at the same time as OPEC has extended its production cuts." Metals: Gold futures rose on geopolitical risk and central bank purchases. The precious metal has gained on safe-haven demand after the Syrian rebels seized Damascus. Israel seized the demilitarized buffer zone between Israel and Syria over the weekend. A softer dollar has further enhanced gold's appeal as a safe-haven. China's central bank also resumed purchases of bullions in November after a six-month pause, which should shore up Chinese investor demand. Gold Chart Comex gold futures' bullish setup is still valid, based on the daily chart, RHB Retail Research said. Friday's price movements have reaffirmed that bears are respecting the immediate support pegged at $2,640. TODAY'S TOP HEADLINES Meet the Small AI Chip Maker Now More Valuable Than Intel Matt Murphy has no interest in running a chip company 10 times the size of his current one. It is the smarter move, and actually the more ambitious one. Murphy, who has served as chief executive officer of Marvell Technology since 2016, has been among the few names floated as potential replacements for the recently ousted Pat Gelsinger at Intel's corner office. That led to the rare sight of a CEO using his own earnings call to deny that he is on the market. Apple Tops the List of Best-Managed Companies of 2024 Technology companies continue to hold most of the top spots in the annual Management Top 250 ranking of America's best-run companies, with Apple unseating Microsoft at No. 1. Rounding out the top four are Nvidia, Microsoft-which came in at No. 1 the previous four years-and Intel. BP, Japan's JERA to Invest Up to $5.8 Billion to Create Offshore Wind JV British energy giant BP and Japanese power-generation company JERA will invest $5.8 billion to create a global offshore wind-energy joint venture. The companies said Monday that the standalone company will have 13 gigawatt of potential net generating capacity. China Adopts Crisis-Era Language as Leaders Signal More Forceful Stimulus BEIJING-China's leaders signaled a more forceful policy approach to shoring up the economy as Beijing braces for trade tensions under the incoming Trump administration, employing language they haven't used since the depths of the global financial crisis. The 24-man Politburo, China's top decision-making body, pledged Monday to implement more proactive fiscal policy and to adopt a "moderately loose" monetary policy next year-the first introduction of such language since 2008. Why Tariffs Could Really Pinch Retailers This Time Many retailers came through relatively unscathed by Donald Trump's tariffs imposed starting in 2018. This time around, though, tariffs have the potential to bite more. Trump has proposed a universal tariff of 10% to 20% on all imports to the U.S. and a 60% or more tariff on goods from China. Somewhat confusingly, Trump has also separately threatened 25% tariffs on goods from Canada and Mexico and an additional 10% tariff on China over immigration and drug issues. Trump Says He Has No Plan to Remove Powell at Fed President-elect Donald Trump said he had no plans to remove Federal Reserve Chair Jerome Powell, whose term ends in May 2026. During an interview on NBC's Meet the Press, Trump fielded a question about whether he planned to replace Powell, who has said he would not leave the job even if asked to do so. "No, I don't think so. I don't see it," Trump answered. U.S. Scrambles to Shape Post-Assad Syria but Has to Overcome Years of Disengagement WASHINGTON-The unexpectedly rapid downfall of President Bashar al-Assad in Syria has turned the country's future from a back-burner issue to a suddenly high-stakes concern for the departing Biden administration-and almost certainly for Donald Trump. U.S. officials are scrambling to assess the intentions of the rebel groups that drove Assad into exile, especially Hayat Tahrir al-Sham, which is expected to play a pivotal role in whatever government emerges in Damascus but which is on the U.S. list of foreign terrorist organizations. Israeli Airstrikes Target Syrian Chemical-Weapons Systems TEL AVIV-Israel said it had struck chemical-weapons caches and other missile and air-defense systems in Syria on Monday, taking advantage of the chaos there to destroy what it sees as dangerous assets that could fall into rebel hands. Since the stunning assault by Syrian rebels that brought down the regime of President Bashar al-Assad over the weekend, Israel said it has taken immediate steps to ensure the protection of its border amid the uncertainty engulfing the country. This includes striking targets across Syria and swiftly seizing a demilitarized buffer zone with Syria as well as adjacent points. Inside Ukraine's Battle for the Skies as Russian Bombardments Hit Records POLTAVA, Ukraine-A team of soldiers sat inside a nondescript red bus with their eyes glued to a bank of screens blinking with yellow dots. The shapes represented Russian drones, missiles and planes cutting into Ukrainian skies. Soldiers from Ukraine's 164th Radiotechnical Brigade were trying to quickly identify targets and intercept them before they could sow destruction in towns and cities. Write to clare.kinloch@wsj.com TODAY IN CANADA Earnings: VersaBank 4Q Economic Calendar (ET): Nothing major scheduled Stocks to Watch: (MORE TO FOLLOW) Dow Jones Newswires 12-09-24 0634ET
- 12/09/2024
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Apollo and Santander Partner on a $370 Million Infrastructure Portfolio Financing
- NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Santander today announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in innovative financing solutions for infrastructure projects.
- 12/09/2024
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Apollo Global Management, Workday to Join S&P 500
- Apollo Global Management and Workday will join the benchmark S&P 500 later this month, S&P Dow Jones Indexes said Friday.
- 12/06/2024
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Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
- NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
- 12/06/2024
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Apollo Global Stock, Workday to Join S&P 500 Index
- The two companies will replace Qorvo and Amentum Holdings.
- 12/06/2024
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Apollo Global, Coinbase, AppLovin Could Be Picked for S&P 500 Today
- S&P Dow Jones Indices sometimes announces changes to the index in conjunction with its quarterly rebalancing.
- 12/06/2024
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Relevate Acquires Gravity Renewables, Doubling Sustainable Baseload Power Capacity and Strengthening Industry Leadership
- MANHATTAN, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Relevate Power (“Relevate”) , a leader in the redevelopment of run-of-river hydropower assets, announced its acquisition of Gravity Renewables , with financing provided by funds managed by Apollo (NYSE: APO).
- 12/05/2024
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Calls of the Day: Uber and Apollo Global
- The Investment Committee debate the latest Calls of the Day.
- 12/04/2024
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These 3 Stocks Are Heavy Hitters in Alternative Asset Management
- The alternative and private capital asset management industry is growing strongly. From 2023 to 2028, PricewaterhouseCoopers expects alternative assets under management to grow by nearly $8 trillion.
- 11/30/2024
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Apollo: Great Relative Value Pick Amid Rich Peer Valuations
- The top 6 alternative asset managers by market capitalization have delivered an average total return of 206% since the market bottomed in October 2022, compared to 74% on the SPX. We expect performance between individual names to diverge significantly in the coming years, and a more selective approach will be critical for generating alpha in 2025. Apollo's forward P/E multiple of 24.7x is undemanding compared to other alternative asset managers, which are trading at multiples of 30x-40x.
- 11/28/2024
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Mosaicx Executive Wins 2024 CX Leaders Award
- CX Today honors Rebecca Jones for advancing AI-driven customer experiences and business outcomes CX Today honors Rebecca Jones for advancing AI-driven customer experiences and business outcomes
- 11/25/2024
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Apollo Global Shares Fall As CEO Marc Rowan Considered For Trump Treasury Job
- There's a flipside to executives' race to helm President-elect Donald Trump's economic team: major firms on Wall Street look set to lose their leaders, with uncertain repercussions for their stocks.
- 11/20/2024
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Apollo Stock Touches a New 52-Week High: Is It Worth a Look?
- APO's impressive performance and strong 5-year growth outlook are promising.
- 11/20/2024
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Apollo Funds Acquire Majority Stake in The State Group, A Leading Provider of Multi-Trade Services
- NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that funds associated with its Impact and Clean Transition strategies (the “Apollo Funds”) have acquired a majority stake in The State Group (“TSG” or the “Company”) from Blue Wolf Capital (“Blue Wolf”). Blue Wolf will retain a minority stake in the business, alongside existing management shareholders.
- 11/18/2024
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Apollo Opens Seoul Office and Names Jay Hyun Lee Head of Korea as Part of Continued APAC Expansion
- Dr. Sam Young Chung to serve as Academic Advisor at Intersection of Retirement Solutions and Alternative Assets Dr. Sam Young Chung to serve as Academic Advisor at Intersection of Retirement Solutions and Alternative Assets
- 11/17/2024
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LeafHouse Announces Alta Trust's CIT Featuring Private Investments Managed by Apollo and Franklin Templeton
- New product provides access to alternative investments for retirement planning New product provides access to alternative investments for retirement planning
- 11/12/2024
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Apollo, Mubadala Extend Tie-Up for Global Origination Opportunities
- APO and Mubadala's collaboration will further bolster Apollo's Capital Solutions business.
- 11/12/2024
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GI Alliance to Partner with Cardinal Health Creating a Scaled Multi-Specialty Managed-Services Platform to Benefit Physicians and Patients
- Adds the country's leading gastroenterology (GI) management services organization (MSO) to Cardinal Health's Specialty portfolio supporting over 900 physicians in 345 practices in 20 states Adds the country's leading gastroenterology (GI) management services organization (MSO) to Cardinal Health's Specialty portfolio supporting over 900 physicians in 345 practices in 20 states
- 11/11/2024
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Cardinal Health announces two strategic additions to its portfolio
- Acquisition of a majority stake in GI Alliance, the country's leading gastroenterology management services organization, to accelerate Cardinal Health's multi-specialty growth strategy Acquisition of the Advanced Diabetes Supply Group, a leading national direct-to-patient provider of diabetes medical supplies, to accelerate Cardinal Health's at-Home Solutions growth strategy Company announces plan to hold Investor Day in June 2025 DUBLIN, Ohio , Nov. 11, 2024 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that it has entered into definitive agreements to acquire two companies that accelerate Cardinal Health's strategic growth areas and that will enhance patient care. The company also provided confirmation of its capital deployment plans.
- 11/11/2024
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Apollo's Strong Q3 Results Propel Price Forecast Upgrade — Analyst Highlights Asset Growth And Future Potential
- Apollo Global Management, Inc. APO shares are trading higher on Wednesday.
- 11/06/2024
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Apollo Global Q3 Earnings Surpass Estimates, AUM Balance Up
- APO's third-quarter 2024 results benefit from an increase in AUM balances.
- 11/06/2024
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TeleVox Awarded AI Chatbot Agreement with Premier, Inc.
- OMAHA, Neb., Nov. 06, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, has been awarded a national group purchasing agreement for AI chatbots with Premier, Inc. the agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for TeleVox's SMART Web, SMART Voice, and SMART SMS powered by Iris, the conversational AI virtual agent for healthcare.
- 11/06/2024
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Apollo Global Management, Inc. (APO) Q3 2024 Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Martin Kelly - Chief Financial Officer Jim Zelter - Co-President Conference Call Participants Alexander Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Bill Katz - TD Cowen Steven Chubak - Wolfe Research Mike Brown - Wells Fargo Patrick Davitt - Autonomous Research Brennan Hawken - UBS Brian Bedell - Deutsche Bank Ken Worthington - JPMorgan Benjamin Budish - Barclays Dan Fannon - Jefferies Michael Cyprys - Morgan Stanley Operator Good morning, and welcome to Apollo Global Management's Third Quarter 2024 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode and following management's prepared remarks, the conference call will be opened for questions.
- 11/05/2024
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Compared to Estimates, Apollo Global Management (APO) Q3 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Apollo Global Management (APO) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 11/05/2024
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Apollo Reports Third Quarter 2024 Results
- NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2024.
- 11/05/2024
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Notified To Sponsor 29th Annual InterContinental® Miami Make-A-Wish® Ball
- Event Brings Together Philanthropists, Community Leaders and Supporters To Renew Hope and Inspire Resilience in Young Lives Event Brings Together Philanthropists, Community Leaders and Supporters To Renew Hope and Inspire Resilience in Young Lives
- 11/01/2024
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Do Not Distribute - TEST #2
- OMAHA, Neb., Oct. 31, 2024 (GLOBE NEWSWIRE) -- West Corporation (Nasdaq:WSTC), a global provider of communication and network infrastructure services, today announced its second quarter 2017 results.
- 10/31/2024
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Do Not Distribute - TEST only
- OMAHA, Neb., Oct. 31, 2024 (GLOBE NEWSWIRE) -- West Corporation (Nasdaq:WSTC), a global provider of communication and network infrastructure services, today announced its second quarter 2017 results.
- 10/31/2024
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FHI vs. APO: Which Stock Is the Better Value Option?
- Investors interested in Financial - Investment Management stocks are likely familiar with Federated Hermes (FHI) and Apollo Global Management Inc. (APO). But which of these two stocks is more attractive to value investors?
- 10/31/2024
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TeleVox Earns Frost & Sullivan Customer Value Leadership Award
- Award Recognizes Strong Overall Performance in the Patient Relationship Management Industry Award Recognizes Strong Overall Performance in the Patient Relationship Management Industry
- 10/28/2024
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Top 7 Tax-Loss Stocks To Sell By October 31, 2024
- Wolfspeed rallied due to a $750 million investment from Apollo Global Management, despite high short interest and bearish sentiment. SolarEdge Technologies faces significant competition and high inventory levels, making it a potential tax-loss selling candidate. Moderna's stock is under pressure due to declining Covid-19 vaccine demand and weakened profitability, suggesting it should be sold.
- 10/21/2024
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CX360, Inc. Supports FCC Ruling to Require Georouting for Wireless Calls to the 988 Suicide & Crisis Lifeline
- Decision to uphold centralized routing system underscores the 988 Lifeline's mission to deliver a consistently high standard of mental health and crisis care Decision to uphold centralized routing system underscores the 988 Lifeline's mission to deliver a consistently high standard of mental health and crisis care
- 10/17/2024
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TeleVox Showcases Latest Patient Relationship Management Innovations at HLTH 2024
- LAS VEGAS, Oct. 16, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management (PRM) platforms, is showcasing the latest innovations in its suite of payer, pharmaceutical, and enterprise patient engagement solutions at the HLTH annual conference, October 20-23 in Las Vegas. Visitors to TeleVox's booth #4043 will learn about robust features introduced over the past year, from AI-driven SMART SMS to the readmission-reducing Digital Care Programs, and expanded Agent Chat functionality.
- 10/16/2024
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Final Trades: Amazon, Apollo Global and the IYR
- The Investment Committee give you their top stocks to watch for the second half.
- 10/15/2024
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Apollo Global vs KKR: Which is the better private equity stock?
- Apollo Global Management (APO) stock has done well this year, as the company's role in the private credit and insurance industries has improved. It has risen by 50%, beating the S&P 500 and Nasdaq 100 indices, which have risen by less than 25%.
- 10/12/2024
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Big Money Jumping into Apollo Shares
- Growth plans, earnings expansion send shares of asset manager Apollo Global Management, Inc. (APO) higher.
- 10/11/2024
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Barnes Set to be Acquired by Apollo Funds for $3.6 Billion
- B is set to be acquired by Apollo Global in a $3.6 billion cash deal, offering $47.50 per share to shareholders.
- 10/08/2024
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Intel Vs. Oracle: Can Apollo's Rescue Plan Beat Oracle's AI Cloud Domination?
- In the tech world, Intel Corp INTC is stumbling its way through a corporate reboot, while Oracle Corp ORCL is racing ahead, planting a $6.5 billion artificial intelligence and cloud flag in Malaysia.
- 10/08/2024
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Apollo to Announce Third Quarter 2024 Financial Results on November 5, 2024
- NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the third quarter 2024 on Tuesday, November 5, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 10/08/2024
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SCI Capital Partners LP Receives $1.6 Billion Investment from Apollo Funds to Facilitate Structured Continuation Vehicle
- LOS ANGELES , Oct. 8, 2024 /PRNewswire/ -- SCI Capital Partners LP ("SCI") today announced that it has closed a structured continuation vehicle transaction in partnership with funds managed by Apollo (NYSE: APO) (the "Apollo Funds") to support the continued growth of SCI owned companies Morton Salt and Reddy Ice. SCI will continue to control both companies.
- 10/08/2024
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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Barnes Group Inc.
- NEW YORK , Oct. 7, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Barnes Group Inc. (NYSE: B) and its board of directors concerning the proposed acquisition of the company by affiliates of Apollo Global Management, Inc. (NYSE: APO). Stockholders will receive $47.50 for each share of Barnes Group stock that they hold.
- 10/07/2024
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BARNES GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Barnes Group Inc. - B
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Barnes Group Inc. (NYSE: B) to funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Barnes will receive $47.50 in cash for each share of Barnes that they own. KSF is seeking to determine whether this consideration and the proces.
- 10/07/2024
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Barnes Group to Be Acquired by Apollo Funds for $3.6 Billion
- BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) (the “Apollo Funds”) in an all-cash transaction that values Barnes at an enterprise value of approximately $3.6 billion. The agr.
- 10/07/2024
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Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes
- NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering (the “Offering”) of $500 million aggregate principal amount of its 6.000% Fixed-Rate Resettable Junior Subordinated Notes due 2054 (the “notes”).
- 10/03/2024
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Mosaicx Partners with Vibrant Emotional Health on New Georouting Capabilities for the 988 Suicide & Crisis Lifeline
- Location-based connectivity revolutionizes crisis care in collaboration with Vibrant Emotional Health Location-based connectivity revolutionizes crisis care in collaboration with Vibrant Emotional Health
- 10/03/2024
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PK AirFinance Issues $633 Million Aviation Loan ABS
- NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (NYSE: APO), has closed its second aircraft loan asset-backed securitization issued in 2024: PK ALIFT LOAN FUNDING 4 Series 2024-2 (“PKAIR 2024-2”). PKAIR 2024-2 issued over $633 million of debt that will be used to acquire the rights to the economics of a portfolio of aviation loans via the acquisition of a 100% series limited partnership interest in a PK-managed origination vehicle.
- 10/02/2024
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Apollo to Provide €1 Billion Capital Solution to Vonovia in Third Transaction
- NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that it has entered into an agreement for Apollo affiliates and other long term investors to provide c. €1 billion to acquire a minority stake in one of Vonovia's affiliates. This commitment follows two previous €1 billion transactions between Vonovia and Apollo in 2023, related to Vonovia's real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to €3 billion.
- 10/02/2024
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Calls of the Day: MercadoLibre, Rio Tinto, Apollo, Berkshire, Carrier and Trade Desk
- The Investment Committee debate the latest Calls Of The Day.
- 10/02/2024
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Apollo Unveils Growth Plan & 5-Year Financial Target, Stock Rises 5.7%
- APO outlines its financial targets for 2029, indicating a strong growth trajectory. Its shares rise 5.7% following the news.
- 10/02/2024
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Apollo just set a goal to manage $1.2 trillion in private loans by 2029. These 7 slides show how it will get there.
- Apollo aims to grow its private-lending business to $1.2 trillion by 2029. Asset managers, like Apollo, are taking over lending once handled by banks, CEO Marc Rowan said.
- 10/01/2024
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Apollo's Marc Rowan Says Raising Money Is No Longer the Hard Part. Finding Deals Is.
- The CEO touts his firm's ability to find investment opportunities during its investor day.
- 10/01/2024
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TeleVox Builds on Success of Practice Edition at Leaders Conference
- DENVER, Oct. 01, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management (PRM) platforms, is taking its successful Practice Edition offering to the Mile High City for the annual Leaders Conference hosted by the Medical Group Management Association (MGMA). Launched in March, TeleVox Practice Edition offers a suite of services designed specifically to help physicians and their staff overcome common industry challenges, including inefficient scheduling processes, poor communication, low retention, and reputation management.
- 10/01/2024
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Apollo Unveils Attractive Growth Plan and Financial Targets at Investor Day
- NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Today, Apollo (NYSE: APO) will host its previously announced Investor Day to present the firm's business priorities and new five-year financial targets. Members of the senior management team will outline Apollo's views on the future of the alternative asset management industry, the firm's strategic positioning, and business plan to continue generating attractive returns for stockholders.
- 10/01/2024
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Citigroup Inks Deal to Form Private Credit Program With Apollo
- C enters into an agreement with APO to form a $25 billion private credit, direct lending program.
- 09/27/2024
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Citi and Apollo Announce $25 Billion Private Credit, Direct Lending Program
- NEW YORK--(BUSINESS WIRE)--Citigroup Inc. (NYSE: C) and Apollo (NYSE: APO) today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo's strategic partner as well as Apollo's subsidiary, Athene, bot.
- 09/26/2024
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Calls of the Day: Apollo Global, Cadence Design, Verizon, Expedia and Nike
- The Investment Committee discuss the latest Calls Of The Day
- 09/25/2024
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Apollo Global Management Missed Estimates But Remains Attractive
- Apollo Global Management stock remains a buy despite the Q2 earnings miss, which is not relevant to the long-term thesis. The stock's valuation is fair, with strong future growth expected in both Fee-related earnings and Spread-related earnings. Apollo's business model, particularly its insurance arm Athene, supports a high 50% ROE and robust ANI growth.
- 09/25/2024
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GlobeNewswire Helps German Public Companies Streamline Regulatory Filing and News Distribution
- Single Platform Solution Helps Organizations Meet Complex Compliance Requirements and Broadly Share Corporate and Investment Stories Single Platform Solution Helps Organizations Meet Complex Compliance Requirements and Broadly Share Corporate and Investment Stories
- 09/25/2024
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Make a Splash: 4 Product Launch Press Release Examples
- NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Launching a new product can be challenging, especially in today's competitive markets.
- 09/24/2024
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New Strong Sell Stocks for September 24th
- APO, AIT and BZH have been added to the Zacks Rank #24 (Strong Sell) List on September 24, 2024.
- 09/24/2024
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Intel Gets Apollo Offer as Qualcomm Circles
- Apollo has offered to make a multibillion-dollar investment in Intel, people familiar with the matter said, providing the chipmaker with a vote of confidence in its turnaround strategy and an alternative to a potential takeover by larger rival Qualcomm. Advisors Capital Management Partner & Portfolio Manager JoAnne Feeney joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.
- 09/23/2024
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Report: Apollo Global Management Offers $5 Billion Investment in Intel
- Apollo Global Management reportedly offered to invest up to $5 billion in chipmaker Intel. Intel executives are considering the proposal, Bloomberg reported Monday (Sept.
- 09/23/2024
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Apollo's ATLAS SP Forms $5B Strategic Partnership With BNP Paribas
- APO, ATLAS and BNPQY form strategic collaboration. The collaboration aims to support securitizations sourced by Apollo and Atlas issuer clients.
- 09/23/2024
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The 10 Biggest PR Mistakes and How To Avoid Them
- NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Even experienced PR pros can make mistakes - and our blog highlights how to avoid them.
- 09/23/2024
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PE For The People: Apollo's Playbook For Prosperity
- Apollo Global Management is positioned for long-term growth, leveraging opportunities in decarbonization, digital infrastructure, and wealth management, with nearly $900 billion in insurance AUM. Despite a low 1.5% dividend yield, Apollo's 840% return over the past decade and expected double-digit earnings growth make it a compelling investment. Apollo's flexible financing solutions and customized financial products provide a competitive edge over traditional investment options, addressing a $40 trillion market.
- 09/23/2024
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Intel to bag multibillion-dollar investment from Apollo, according to reports
- Private equity giant Apollo Asset Management has agreed to make a $5 billion (£3.8 billion) investment into struggling Silicon Valley stalwart Intel Corp (NASDAQ:INTC, ETR:INL), according to a weekend report from Bloomberg. If confirmed, the supersized investment would equate to more than 5% of Intel's outstanding share capital.
- 09/23/2024
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Intel is in talks to get an investment of up to $5 billion from Apollo, report says
- Intel may receive up to $5 billion from Apollo Global Management, Bloomberg reports. The chipmaker is considering the offer, but no deal has been finalized yet.
- 09/23/2024
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Apollo Said to Offer Multibillion-Dollar Intel Investment
- Apollo Global Management has offered to make an equity-like investment of as much as $5 billion in Intel, according to people familiar with the matter. Bloomberg's Manuel Baigorri reports.
- 09/23/2024
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Apollo reportedly offers Intel a multibillion-dollar investment
- Apollo Global Management Inc. has offered to make an investment in Intel Corp. of as much as $5 billion, Bloomberg News reported Sunday.
- 09/22/2024
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Apollo eyes $5 billion investment in Intel, Bloomberg News reports
- U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel , Bloomberg News reported on Sunday.
- 09/22/2024
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Apollo's ATLAS SP and BNP Paribas Announce $5 Billion Strategic Collaboration
- NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO), ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, and BNP Paribas, the European Union's leading global bank, today announced a strategic financing and capital markets collaboration between Apollo, ATLAS and BNP Paribas.
- 09/20/2024
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Notified Appoints Miranda Smith as Vice President, EMEA & Emerging Markets
- NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for investor relations and public relations professionals, is pleased to welcome Miranda Smith as Vice President, EMEA & Emerging Markets.
- 09/17/2024
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Aimco Partners with Sixth Street to Advance Its Next Luxury Rental Development
- MIAMI , Sept. 16, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) today announced it has secured $56 million of preferred equity from leading investment firm Sixth Street for the development of a luxury water-front rental development, located at 560-640 NE 34th Street in Miami, Florida.
- 09/16/2024
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Doral Renewables LLC Announces Closing of $400 Million Equity Investment from APG
- PHILADELPHIA, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Doral Renewables LLC (”Doral Renewables” or “the Company”), a leading U.S. developer, owner, and operator of renewable energy and storage projects, announced today the closing of a $400 million minority equity investment by Dutch pension APG on behalf of the largest Dutch pension fund ABP. The investment by and partnership with APG will accelerate the development and construction of Doral Renewables' energy pipeline. As part of the transaction, APG will also provide its pro rata share of corporate credit support and funding for the Company's business up to an additional $185 million of capital over time.
- 09/13/2024
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Apollo Funds Acquire Freedom CNG, a Leading Provider of Renewable Natural Gas Fueling Infrastructure
- HOUSTON and NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have acquired a majority interest in Freedom CNG (“Freedom”), an owner and operator of compressed natural gas (CNG) and renewable natural gas (RNG) fueling infrastructure in Texas.
- 09/12/2024
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The Future of IR: How To Harness the Power of AI
- Discover How AI Will Transform Investor Relations and Improve Efficiency Discover How AI Will Transform Investor Relations and Improve Efficiency
- 09/12/2024
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Apollo Global, Coinbase, Workday, Trade Desk Could Get Added to S&P 500 index
- S&P Dow Jones Indices normally gets around to adding the big companies once they meet its profitability criteria and is likely to name additional companies in the coming months.
- 09/09/2024
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14 Ways To Transform Your IR Webcasts
- NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The webcast has emerged as a powerful tool for connecting with stakeholders, building trust and telling engaging investment stories – our blog dives into the latest best practices.
- 09/09/2024
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10 Dividend Blue-Chip Bargains To Potentially Profit From This Irrational Market Freakout
- Joel Greenblatt's Magic Formula combines value and quality investing. By focusing on earnings yield and return on capital, it has achieved 40% annual returns for 21 years. The market's recent selloff, driven by weak manufacturing data, is an opportunity to buy high-quality undervalued dividend blue-chip stocks using Joel Greenblatt's Magic Formula. September's market volatility is average. Focus on long-term investment strategies rather than knee-jerk reactions to short-term data.
- 09/06/2024
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Apollo to Acquire Dutch Equipment Leasing Specialist Beequip from NIBC
- NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that balance sheet and other investor capital managed under its Aligned Alternatives platform have agreed to acquire Netherlands-based equipment leasing specialist Beequip from NIBC.
- 09/05/2024
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How To Boost PR Impact (Featuring Gini Dietrich)
- NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The PESO Model© - paid, earned, shared and owned media - is transforming how organizations craft and distribute news. On Thursday, September 12, 2024 from 2-3 pm ET, join Gini Dietrich, the creator of the PESO Model©, and Adam Christensen, Chief Marketing Officer at Notified, for a must-attend webinar to learn how to effectively apply this model to news releases, measure impact and refine media strategies. Register here.
- 09/04/2024
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I Am Buying Investment-Grade Bonds And Preferreds For An Upcoming Recession
- Yields are declining as Fed Reserve prepares for rate cut. We discuss six investment-grade bonds and preferreds offering ~6% yields. Act fast to secure CD-beating yield; quality investments are key.
- 08/23/2024
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4 Press Release Examples To Inspire Your PR Strategy
- NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- It can be difficult to craft compelling press releases. But we're here to help.
- 08/20/2024
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TeleVox Expands Agent Chat Functionality to Reduce Inbound Call Volumes and Boost Healthcare Staff Efficiency
- OMAHA, Neb., Aug. 20, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, is solving the challenge of overworked healthcare call centers and frustrated patients waiting on hold with the expansion of Agent Chat, which utilizes a secure, web-based experience to connect patients to a staff member who can address the patient's needs.
- 08/20/2024
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GlobeNewswire by Notified Joins London Stock Exchange's Marketplace
- Leading News Distribution Platform Offers Tools and Services to Engage Savvy Investors Leading News Distribution Platform Offers Tools and Services to Engage Savvy Investors
- 08/19/2024
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Apollo Funds, together with Rettig, complete the acquisition of a 94.53% stake in Purmo Group Plc
- NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds associated with its Clean Transition Equity strategy, together with strategic minority co-investor Rettig Oy Ab (“Rettig”), have through the special purpose vehicle Project Grand Bidco (UK) Limited completed the previously announced acquisition of a 94.53% equity ownership stake in Purmo Group Plc, a leader in sustainable indoor-climate solutions. Apollo funds and Rettig will look to acquire the remaining outstanding shares through Project Grand Bidco (UK) Limited and delist Purmo Group from the Nasdaq Helsinki Stock Exchange in the near future, resulting in Apollo funds owning 80% and Rettig 20% of Purmo Group.
- 08/16/2024
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GlobeNewswire by Notified Strengthens European Market IR and PR Solutions
- Enhancements Include Expanded Distribution Network, Strategic Partnerships and Regulatory Support for Nordics Enhancements Include Expanded Distribution Network, Strategic Partnerships and Regulatory Support for Nordics
- 08/07/2024
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Apollo and Vale Enter Into Joint Venture Partnership Related to the Vale Oman Distribution Center
- NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced a definitive agreement under which Apollo-managed affiliates, funds and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture entity related to the Vale Oman Distribution Center (“VODC”) from Vale S.A. (“Vale” or the “Company”).
- 08/06/2024
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Very Bad News For BDCs
- The BDC sector is now in a correction. It also faces numerous significant headwinds. We share our outlook on and approach to the sector moving forward.
- 08/06/2024
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Notified and Hong Kong Investor Relations Association Join Forces to Advance IR in Greater China Region
- Organizations Will Drive AI Integration and Enhance Professional Development for IR Practitioners Organizations Will Drive AI Integration and Enhance Professional Development for IR Practitioners
- 08/05/2024
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Apollo Global Management (APO) Reports Q2 Earnings: What Key Metrics Have to Say
- The headline numbers for Apollo Global Management (APO) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 08/01/2024
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Apollo Global Management, Inc. (APO) Q2 2024 Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Scott Kleinman - Co-President Martin Kelly - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Alexander Blostein - Goldman Sachs Patrick Davitt - Autonomous Research Brennan Hawken - UBS Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Alexander Bernstein - JPMorgan Benjamin Budish - Barclays Operator Good morning, and welcome to Apollo Global Management's Second Quarter 2024 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode, and following management's prepared remarks, the conference call will be open for questions.
- 08/01/2024
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Apollo Reports Second Quarter 2024 Results
- NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2024.
- 08/01/2024
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U.S. Silica Completes Transaction with Apollo Funds
- KATY, Texas and NEW YORK , July 31, 2024 /PRNewswire/ -- U.S. Silica Holdings, Inc. ("U.S. Silica" or the "Company"), a diversified minerals company and a leading last-mile logistics provider to the oil and gas industry, and Apollo (NYSE: APO) today announced that funds managed by affiliates of Apollo (the "Apollo Funds") have completed the previously announced acquisition of the Company. The Company will continue to operate under the U.S. Silica name and brand and will continue to be led by Bryan Shinn and the existing executive team.
- 07/31/2024
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AB or APO: Which Is the Better Value Stock Right Now?
- Investors looking for stocks in the Financial - Investment Management sector might want to consider either AllianceBernstein (AB) or Apollo Global Management Inc. (APO). But which of these two stocks is more attractive to value investors?
- 07/30/2024
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Apollo Global Management (APO) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
- Evaluate the expected performance of Apollo Global Management (APO) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
- 07/29/2024
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Apollo Leads $700M Capital Solution for Sony Music Group
- NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that, on behalf of its affiliated and third-party insurance clients and other investors, it has provided a $700 million capital solution to Sony Music Group, an affiliate of Sony Group Corporation (“Sony”), for investments in the music industry.
- 07/26/2024
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IGT and Everi rally on $6.3 billion acquisition deal with Apollo
- International Game Technology PLC's stock IGT, +0.10% was up by nearly 18% and Everi Holdings Inc.'s stock EVRI, +4.70% was up by nearly 32% in premarket trading after the two lottery companies agreed to be acquired simultaneously by a new holding company owned by affiliates of Apollo Global Management Inc. APO, -0.05%. The all-cash deal values the gaming businesses at about $6.3 billion on a combined basis.
- 07/26/2024
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Evri joins Royal Mail in receiving private equity takeover offer
- Apollo Global Management (NYSE:APO) is taking British parcel giant Evri (formerly Hermes) off the hands of private equity rival Advent International for £2.7 billion. In announcing the deal, Ranjan Sen, managing partner at Advent International, said: “Since we acquired Evri in 2020, we have invested nearly £200 million in transforming the business and further building out its digital capabilities.
- 07/25/2024
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New Notified/PRWeek Survey Sheds Light on the Evolving Nature of Influence
- Findings Reveal Challenges and Opportunities Across Influencing Stakeholders, Building Trust and AI Adoption Findings Reveal Challenges and Opportunities Across Influencing Stakeholders, Building Trust and AI Adoption
- 07/25/2024
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Apollo Funds to Acquire Evri, a Leading UK Parcel Delivery Company, from Advent International
- NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have entered into a definitive agreement with Advent International to acquire Evri, one of the UK's largest parcel delivery companies.
- 07/25/2024
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Mammoth Solar Wins the 2024 Dual-Use Plan of the Year at the North American Agrivoltaics Awards
- Knox, Indiana, July 24, 2024 (GLOBE NEWSWIRE) -- Mammoth Solar, the Doral Renewables' 1.3-gigawatt project across Starke and Pulaski counties in northwest Indiana, was awarded the Dual Use Plan of the Year award in the first edition of the North American Agrivoltaics Awards in a ceremony during the Solar Farm Summit. The project has been recognized for outstanding excellence in innovation for its dual-use solar development design. This prestigious recognition highlights the project's groundbreaking approach to combining large-scale renewable energy generation with sustainable agricultural practices. Mammoth Solar is set to become one of the largest solar renewable energy facilities in the United States. Mammoth Solar is supported by significant investments in science, agronomy, and local farming communities.
- 07/24/2024
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Avantor Set to Join S&P MidCap 400; QuidelOrtho & Schneider National to Join S&P SmallCap 600
- NEW YORK , July 23, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Avantor Inc. (NYSE:AVTR) will replace QuidelOrtho Corp. (NASD:QDEL) in the S&P MidCap 400, and QuidelOrtho will replace Hibbett Inc. (NASD:HIBB) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 26. JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.
- 07/23/2024
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U.S. Silica Announces Stockholder Approval of Acquisition by Apollo Funds
- KATY, Texas , July 16, 2024 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) (the "Company"), a diversified industrial minerals company and a leading last-mile logistics provider to the oil and gas industry, announced today that its previously announced agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO) ("Apollo"), one of the world's premier investment firms, in an all-cash transaction (the "Merger"), was approved at a special meeting of the Company's stockholders (the "Special Meeting") on July 16, 2024. The closing of the Merger remains subject to the terms and conditions of the agreement.
- 07/16/2024
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TeleVox Practice Edition Honored in Spring 2024 Digital Health Awards
- OMAHA, Neb., July 16, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, was selected as a winner in the Spring 2024 Digital Health Awards ® , a program recognizing the best digital health resources. TeleVox Practice Edition received a Merit award in the Web-Based Digital Health – Portal/Patient Education category.
- 07/16/2024
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Apollo Funds to Acquire The Travel Corporation
- NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and The Travel Corporation (TTC) today announced they have entered into definitive agreement for Apollo-managed funds (the “Apollo Funds”) to acquire TTC, which has been privately owned and operated for more than a century. The transaction is comprised of 18 leading brands, including Trafalgar, a leading escorted tour operator; Uniworld Boutique River Cruises, a luxury all-inclusive river cruise line; Contiki, youth travel specialist tour company; premium guided vacation company, Insight Vacations; as well as other global travel brands and supporting business entities.
- 07/16/2024
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PK AirFinance Issues Inaugural $622 Million Aviation Loan ABS
- NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (NYSE: APO), has closed its inaugural aircraft loan asset-backed securitization: PK ALIFT LOAN FUNDING 3 Series 2024-1 (“PKAIR 2024-1”). PKAIR 2024-1 issued over $622 million of Notes that will be used to acquire the rights to the economics of a portfolio of aviation loans via the acquisition a 100% series limited partnership interest in a PK-managed origination vehicle.
- 07/11/2024
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Mammoth North Solar Project Celebrates Upcoming Commercial Operations
- Doral Renewables and partners celebrated the upcoming Commercial Operations milestone at the first phase of one of the largest solar energy projects in the US, Mammoth Solar Doral Renewables and partners celebrated the upcoming Commercial Operations milestone at the first phase of one of the largest solar energy projects in the US, Mammoth Solar
- 07/09/2024
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'No reason for Fed to cut rates at this moment', says Apollo Global's Torsten Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'Closing Bell Overtime' to talk the economy's trajectory for the second half of the year and if a rate cut is imminent or off the table.
- 07/05/2024
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Apollo to Announce Second Quarter 2024 Financial Results on August 1, 2024
- NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the second quarter 2024 on Thursday, August 1, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 06/28/2024
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Final Trades: Goldman Sachs, Devon Energy, Apollo Global and the INDY
- The Investment Committee discuss their top stocks to watch for the second half.
- 06/24/2024
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Apollo Publishes Annual Sustainability Report: Volume 15, “Driving a More Sustainable Future”
- NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today published its Annual Sustainability Report: Volume 15, “Driving a More Sustainable Future.”
- 06/24/2024
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Very Overrated And Very Underrated High Yield Sectors
- I love investing in high yield stocks. However, not all high yield subsectors are good investments all the time. I share one high yield subsector that Mr. Market is overrating and one that he is underrating.
- 06/23/2024
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
- Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention.
- 06/21/2024
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3 Stocks to Buy That Are NOT in the S&P 500 (but Should Be)
- S&P Dow Jones Indices announced on June 7 that three companies would be added to the S&P 500. These instantly became stocks to buy for institutional managers who must reconfigure their holdings to track the index's newest constituents.
- 06/20/2024
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Apollo Global Management (APO) Moves 5.7% Higher: Will This Strength Last?
- Apollo Global Management (APO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 06/11/2024
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Apollo and These 3 Companies Could Be the Next Additions to S&P 500
- Apollo, the big alternative asset management company and insurer, is now the largest U.S. company in terms of market value that isn't in the index.
- 06/10/2024
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Apollo's co-president said it is one of the few private equity firms OK with higher rates
- Apollo Asset Management's co-president Scott Kleinman had a more contrarian view: He said he'd be betting against any rate cuts in 2024.
- 06/07/2024
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Fed Bets, India Rebounds & Apollo Sees More Deals Like $11B Intel Pact | Daybreak Europe 05/06/2024
- Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.
- 06/05/2024
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Apollo's Kleinman on Intel Stake, CapEx Pressures, Deal Valuations, IPOs
- Apollo Co-President Scott Kleinman comments on the role of private equity as companies face increasing capital expenditure issues. He also discusses the prospects for initial public offerings and the outlook for deal valuations amid a higher interest-rate environment.
- 06/05/2024
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Intel taps Apollo to expand semiconductor manufacturing plant in Ireland
- Intel Corp (NASDAQ:INTC, ETR:INL) has announced a joint venture with Apollo-managed funds that will see $11 billion pumped into Intel's semiconductor plant in Leixlip, Ireland. Intel's chief finance officer David Zinsner said the investment will “give us additional flexibility to execute our strategy as we invest to create the world's most resilient and sustainable semiconductor supply chain”.
- 06/05/2024
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Apollo's Kleinman on Intel Deal: Firms Face Unprecedented Levels of CapEx
- Scott Kleinman, co-president at Apollo, says private capital is going to play an increasing role as more and more firms face capital expenditure issues. He made the comments after Intel agreed to sell Apollo a stake in a venture that controls a plant in Ireland for $11 billion, helping bring in more external funding for a massive expansion of its factory network.
- 06/05/2024
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Intel, Apollo strike $11 billion deal over chip-manufacturing plant in Ireland
- Intel Corp. and Apollo Global Management announced a joint venture Tuesday for a chip-manufacturing facility in Ireland.
- 06/04/2024
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Intel and Apollo in $11 Billion Joint Venture for Chip Manufacturing Plant in Ireland
- Apollo to hold an 49% equity interest stake in the joint venture.
- 06/04/2024
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Apollo Global to provide $11 bln to Intel for Ireland facility
- Apollo Global Management's affiliates will provide $11 billion to Intel to buy 49% equity interest in a joint venture entity related to an under-construction manufacturing facility in Ireland.
- 06/04/2024
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Intel and Apollo Agree to Joint Venture Related to Intel's Fab 34 in Ireland
- SANTA CLARA, Calif. & NEW YORK--(BUSINESS WIRE)--Intel and Apollo announce agreement under which Apollo-managed funds and affiliates will invest in a joint venture related to Intel's Fab 34.
- 06/04/2024
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Glancy Prongay & Murray LLP Announces Investigation of Apollo Global Management, Inc. (APO) (f/k/a Tango Holdings, Inc.)
- NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Apollo Global Management, Inc. (NYSE: APO) (f/k/a Tango Holdings, Inc.) concerning the Company and its directors' and officers' possible violations of state laws. If you own Apollo Global Management stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230.
- 05/31/2024
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Apollo to Present at the TD Financial Services & Fintech Summit
- NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Athene Holding Ltd. (“Athene”) today announced that Grant Kvalheim, President of Athene, will present at the TD Financial Services & Fintech Summit on Friday, June 7, 2024 at 8:35 am ET.
- 05/31/2024
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Apollo Global's Slok: I don't expect rate hikes this year
- Torsten Slok, Apollo Global Management chief economist, joins 'Squawk on the Street' to discuss whether home pricing plays a part in inflation, if the Fed should wait for housing inflation progress if they can't control why they're higher, and much more.
- 05/28/2024
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Very Bad News For Big Dividend Stocks
- High-yield stocks have underperformed recently. We discuss why. We also discuss how we have managed to outperform despite the headwinds and how we plan to continue doing so moving forward.
- 05/21/2024
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M&A News: Paramount (NASDAQ:PARA) Slips as NDAs Get Involved
- It’s another new step closer to a deal for media company Paramount (NASDAQ:PARA), as it, along with Sony (NYSE:SONY) and Apollo Global Management (NYSE:APO), have all signed non-disclosure agreements. The
- 05/20/2024
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Just in: Grayscale appoints new CEO as Michael Sonnenshein resigns
- Recent reports reveal Michael Sonnenshein has ended his decade-long relationship with Grayscale as he resigned from the role. Meanwhile, the company has appointed Goldman Sachs’s Peter Mintzberg as the new chief. BREAKING‼️: Grayscale CEO Michael Sonnenshein steps down. Grayscale names Peter Mintzberg from Goldman Sachs as new CEO. pic.twitter.com/bjQr5VJi3H— Swan (@Swan) May 20, 2024 Peter has worked at giants such as BlackRock and Apollo Global and held its current position for over 3.5 years. Sonnenshein’s legacies in Grayscale Investments Michael Sonnenshein’s leadership remains evident for everyone to see. Grayscale Investments transformed into a leading digital asset management company under his control. Sonnenshein led the movement that had the US Securities & Exchange Commission authorizing GBTC conversion into a spot Bitcoin exchange-traded funds. Further, he aided Grayscale in defeating the United States SEC. On his departure statement, Sonnenshein stated, “I would like to thank Barry Silbert for his vision and partnership and for entrusting me to lead Grayscale’s business. The crypto asset class is at an important inflection point and this is the right moment for a smooth transition.” Top players leaving the market The crypto world has seen massive changes since the 2021 bull rally, with prominent individuals quitting. Michael Sonnenshein has joined the likes of Changpeng Zhao, who resigned as Binance CEO amid intensified regulatory scrutiny. Also, FTX’s Sam-Bankman Fried will disappear in prison for years, whereas individuals such as Do Kwon and Zhu Su go down in history books. Also, market-moving firms like Celsius and Voyager are long gone, and market players will wait to see Grayscale Investment’s operations as Peter Mintzberg takes over as CEO in August. The post Just in: Grayscale appoints new CEO as Michael Sonnenshein resigns appeared first on Invezz
- 05/20/2024
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Paramount Takeover Talks: Sony-Apollo Deal Closure Could Lead To Large Gains
- Paramount shares at $12-$13 trade far below the lowest price in the Sony-Apollo bid at $22. The major voting shareholder of Paramount is forced to raise cash to pay debts, which may lead to Paramount being sold. Sony has been interested in buying Paramount for a long time now.
- 05/20/2024
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Here’s why the Keyword Studios share price is surging
- Keyword Studios (LON: KWS) share price has staged a strong recovery in the past few weeks. It jumped to 1,470p on Friday, its highest swing since March 13th. Its highest point was a 33% increase from its lowest level this year. Keyword Studios stock price will likely surge hard on Monday after reports emerged that EQT, a Swedish private equity company, is in talks to buy it for £2.2 billion. The company’s stock had a market cap of over $1.16 billion, meaning that EQT is paying a 70% premium. It is unclear whether Keyword will accept the deal since it had rejected an offer before. However, I believe that a 70% premium is a good one and that the company might finally agree. Keyword Studios stock chart Many companies have deteriorated after turning away takeover deals. For example, Entain rejected a $11 billion offer from MGM in 2021. Today, it has a market cap of just $4.6 billion. Similarly, THG, formerly known as The Hut Group, rejected a big deal from Apollo Global. Its market cap has now crashed to over $984 million. Keyword’s management may also agree to the deal because of its upcoming annual general meeting, which is scheduled for Friday this week. The most recent financial results showed that Keyword Studios’s revenue rose by 13% to over £780 million while its operating profit crashed by 35% to £47 million. Its basic earnings per share fell by 59% to 25.3 cents. For starters, Keyword Studios is a leading company in the gaming industry. It offers game development solutions to firms like Activision Blizzard and Tencent. Some of its top games are Battlegrounds Arena, Alan Wake, and Borderlands. Keyword’s acquisition comes at a time when demand for British companies is rising. Thoma Bravo has acquired Darktrace in a $4.5 billion deal while International Paper is acquiring DS Smith in a £5.8 billion deal. Investors believe that British stocks are intrinsically undervalued compared to their global peers. Indeed, while the FTSE 100 index has surged, it has a price-to-earnings (PE) ratio of 13, compared to the S&P 500’s 22. Foreign investors are also being encouraged by the weak British pound, which has dropped by over 10% from its highest level in 2021. The post Here’s why the Keyword Studios share price is surging appeared first on Invezz
- 05/20/2024
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Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
- Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements that will allow them to look at Paramount's books ahead of a potential bid for the movie studio's assets, the New York Times reported on Friday, citing people familiar with the matter.
- 05/17/2024
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Apollo Prices Offering of Senior Notes
- NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has priced an offering of $750 million aggregate principal amount of its 5.800% Senior Notes due 2054 (the “notes”).
- 05/16/2024
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Apollo to Offer Senior Notes
- NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Issuer” and, together with its consolidated subsidiaries, “Apollo”) today announced that it has commenced an offering of its senior notes (the “notes”), subject to market and other conditions. The notes will be fully and unconditionally guaranteed by Apollo Asset Management, Inc., Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XII, L.P., AMH Holdings (Cayman), L.P. and Apollo Management Holdings, L.P.
- 05/16/2024
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Here are some of the tech stocks Daniel Loeb's Third Point hedge fund has snapped up
- Daniel Loeb's Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.
- 05/15/2024
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Mosaicx Selected as Automation Solution Finalist in 2024 CCW Excellence Awards
- Leader in conversational AI solutions will exhibit award-nominated product suite at CCW events, highlighting how its Mosaicx360 platform uplevels customer experiences Leader in conversational AI solutions will exhibit award-nominated product suite at CCW events, highlighting how its Mosaicx360 platform uplevels customer experiences
- 05/14/2024
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Intel Rises on Report of Nearing $11B Deal With Apollo for Irish Chip Plant
- Intel (INTC) shares rose in intraday trading Monday on a report it is in advanced talks with Apollo Global Management for the private equity firm to provide the chipmaker with more than $11 billion to help build a factory in Ireland.
- 05/13/2024
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Intel rises in premarket on report of $11 billion Apollo investment in new chip plant
- Intel Corp's stock INTC, -0.80% was up by 0.9% in premarket trading on Monday after The Wall Street Journal reported it's in talks with Apollo Global Management Inc. APO, -0.12% to line up $11 billion for construction of a new chip plant in Ireland. The deal could be finalized within weeks after Apollo outpaced rival firms such as Stonepeak and KKR & Co Inc. KKR, +1.06% for the deal, the report said.
- 05/13/2024
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U.S. SILICA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of U.S. Silica Holdings, Inc. - SLCA
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of U.S. Silica Holdings, Inc. (NYSE: SLCA) to affiliates of Apollo (NYSE: APO). Under the terms of the proposed transaction, shareholders of U.S. Silica will receive $15.50 in cash for each share of U.S. Silica that they own. KSF is seeking to determine whether this consideration and the process that led to it ar.
- 05/10/2024
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Our Industry Is Undergoing Massive Change, Rowan Says
- Apollo Global Management Inc. Chief Executive Officer Marc Rowan says the industry is undergoing massive change. He speaks with Bloomberg's Jason Kelly at Bloomberg's 2024 Sell-Side Leaders Forum.
- 05/09/2024
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Sony and Apollo plan to split up Paramount Global if takeover goes ahead
- Sony (NYSE:SONY) and Apollo Management reportedly plan to sell off Paramount Global (NASDAQ:PARA) traditional 'linear' television channels and its streaming service Paramount Plus if they complete their $26 billion takeover. The three companies are in talks about the bid and potential next steps, the New York Times reported, though no formal due diligence or nondisclosure agreements have yet been agreed.
- 05/09/2024
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Sony Apollo Paramount Merger Wouldn't Reduce Theatrical Output, Though TV & Streaming Assets Would Be Shed
- Should Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdonsome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service.
- 05/08/2024
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Sony, Apollo reportedly plan to break up Paramount if their buyout bid succeeds
- Paramount Global's vast entertainment empire would be broken up if a buyout bid from Sony Pictures Entertainment and Apollo Global Management succeeds, according to a new report.
- 05/08/2024
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Paramount in talks to open its books to Sony, Apollo, sources say
- Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday.
- 05/08/2024
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Sony and Apollo plan to break up Paramount, NYT reports
- Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.
- 05/08/2024
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Quick Takes On Streaming Stocks
- The streaming market is saturated and needs consolidation for a recovery to occur. Comcast and Disney have great assets, but will take time to realize value. Paramount and Warner need to be consolidated into competitors for the industry to recover sooner than later. The opportunity is on potential M&A.
- 05/08/2024
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FLC: Preferred Stocks Are Doing Well, But Don't Ignore The Risks
- FLC: Preferred Stocks Are Doing Well, But Don't Ignore The Risks
- 05/08/2024
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Apollo, Athene, And Athene's Preferreds: Quarterly Update
- Apollo delivered a strong quarter growing FRE and SRE at more than 20% each.
- 05/06/2024
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Paramount (PARA) Opens Negotiations with Sony & Apollo
- Paramount (PARA) opens negotiations with Sony and Apollo. Paramount was offered $26B for the company last week, and Apollo may push to control CBS.
- 05/06/2024
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Paramount Global stock jumps on reports of $26B Sony-Apollo takeover offer
- Paramount Global (NASDAQ:PARA) shares moved higher following reports a Sony and private equity firm Apollo Global have made a $26 billion cash offer to acquire the entertainment company. This comes as Paramount's exclusive merger talks with producer David Ellison's Skydance Media to takeover the company expired on Friday.
- 05/06/2024
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Notified Enhances PR Platform; Builds on Momentum with Industry Awards
- NEW YORK, May 05, 2024 (GLOBE NEWSWIRE) -- Notified, a globally trusted technology partner for public relations, investor relations, and marketing professionals, today announced recent enhancements to its PR Platform, equipping PR practitioners with the cutting-edge tools and data insights needed to tell impactful stories, better manage the corporate narrative, and report campaign results to leadership. Notified also launched a PR Platform app, conveniently delivering Notified's media monitoring and social listening features directly to users' mobile devices for easy tracking of relevant media mentions.
- 05/05/2024
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Paramount reportedly approves buyout talks with Sony, Apollo
- Paramount Global has agreed to formally begin negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times reported Sunday, after a 30-day exclusive negotiating window with Skydance expired Friday.
- 05/05/2024
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Paramount Officially Opens Talks With Sony And Apollo In Takeover Bid, Report Says
- Paramount Global has opened acquisition negotiations with Sony and Apollo, The New York Times reported Sunday, after exclusive merger talks with Skydance lapsed Friday and the company continues to struggle following major first quarter losses and the departure of CEO Bob Bakish last week.
- 05/05/2024
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The Fed won't cut interest rates this year, says Apollo Global's Torsten Slok
- Torsten Slok, Apollo Global Management Chief Economist, joins 'Closing Bell Overtime' to talk the April jobs report, the state of the U.S. economy, why he thinks Fed cuts won't come this year and more.
- 05/03/2024
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Apollo Global Management (APO) Announces 7.6% Dividend Hike
- Apollo Global Management (APO) announces a quarterly dividend hike of 7.6%. Given its decent liquidity and balance sheet position, this looks sustainable.
- 05/03/2024
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Sony and Apollo make $26 billion all-cash offer for Paramount
- CNBC's Joe Kernen reports on the latest news.
- 05/03/2024
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Sony and Apollo submit $26 bln Paramount offer, WSJ reports
- Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global , the Wall Street Journal reported.
- 05/03/2024
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Sony and Apollo set to launch $26bn Paramount counterbid
- Sony Group Corp (NYSE:SONY) and private equity firm Apollo are preparing a $26 billion cash bid for Paramount Global (NASDAQ:PARA), challenging Skydance Media's offer as their exclusive negotiation period nears expiration. Sony would lead the investment with majority control, while Apollo would hold a minority stake, without the need to refinance Paramount's existing $16 billion debt.
- 05/03/2024
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Sony, Apollo Propose Buying Paramount in $26 Billion Deal
- Bloomberg has learned that Sony Group Corp. and Apollo Global Management Inc. made a $26 billion proposal to buy media giant Paramount Global. Chris Palmeri reports on Bloomberg Television.
- 05/02/2024
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Paramount Global receives $26B offer from Sony, Apollo amid Skydance talks
- Sony would be the majority shareholder and Apollo would have a minority stake, a source told the AP.
- 05/02/2024
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Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
- Sony and Apollo expressed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.
- 05/02/2024
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Paramount Stock Jumps 13% After Reported $26 Billion Sony-Apollo Takeover Bid
- Sony Pictures and private equity firm Apollo Global Management have submitted a $26 billion offer for Paramount Global, The Wall Street Journal reported Thursday, the latest bid for the entertainment conglomerate, whose shares have spiked with news of potential takeovers in recent months.
- 05/02/2024
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Sony, Apollo Make Formal Overture To Paramount Board To Discuss Potential $26 Billion Deal
- Partners Sony and Apollo have formally reached out to Paramount's special board committee asking to discuss a potential $26 billion offers. It comes Par's exclusive negotiating window with David Ellison's Skydance is set to expire. Paramount share jumped 12% on the news. Investors would vastly prefer a Sony deal to Skydance.
- 05/02/2024
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Sony and Apollo offer $26 billion for Paramount: report
- Sony and Apollo Global Management are reportedly bidding big for Paramount. Sony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday.
- 05/02/2024
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Sony and Apollo make $26 billion cash offer for Paramount: report
- Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global.
- 05/02/2024
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Here's What Key Metrics Tell Us About Apollo Global Management (APO) Q1 Earnings
- The headline numbers for Apollo Global Management (APO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 05/02/2024
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Paramount Should Consider Apollo-Sony Deal: Ariel's Rogers
- Ariel Investments founder & co-CEO John Rogers says Paramount Global should consider other proposals before merging with David Ellison's Skydance Media and that a deal with Apollo Global Management and Sony Group could be a much better outcome for investors. He joins Ed Ludlow and Caroline Hyde to discuss the ousting of Paramount CEO Bob Bakish and what the move means for the company going forward on "Bloomberg Technology.
- 04/30/2024
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FHI vs. APO: Which Stock Is the Better Value Option?
- Investors interested in Financial - Investment Management stocks are likely familiar with Federated Hermes (FHI) and Apollo Global Management Inc. (APO). But which of these two stocks presents investors with the better value opportunity right now?
- 04/30/2024
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I Am Swimming In Dividends
- Global dividend payouts quietly hit records amidst market worries about interest rates, recessions, and layoffs. Within the financial markets, dividends offer unparalleled income predictability and reliability. We discuss two picks with up to 9.8% yields for a wealthy retirement.
- 04/30/2024
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Skydance Still In Pole Position For Paramount As Two Hash Out Terms; Sony & Apollo Waiting In The Wings
- Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison's studio and its backers take control of the storied film and television company owned by Shari Redstone.
- 04/25/2024
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Paramount Shares Leap As Investors Cheer Sony-Apollo Scenario
- Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo's bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume.
- 04/19/2024
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Paramount shares jump more than 10% as Sony, Apollo discuss joint buyout bid
- Paramount is currently engaged in exclusive deal talks with Skydance Media, though some investors have urged Paramount to explore other options.
- 04/19/2024
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Apollo's Paramount Bid Gets Key Boost With Sony Support
- Apollo Global Management Inc. is one of Wall Street's biggest names, but its bid for Paramount Global took on greater credibility with Sony Group Corp. joining the offer, Bloomberg's Chris Palmeri reports. He speaks with Bloomberg's Sonali Basak.
- 04/19/2024
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Paramount rallying on news of possible Apollo-Sony joint bid
- Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss the deal talks surrounding Paramount.
- 04/19/2024
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Paramount Jumps as Sony, Apollo Reportedly Consider a Joint Bid for the Media Giant
- Paramount Global (PARA) shares soared close to 8% in early trading Friday after The New York Times reported that Sony Group's (SONY) studio division was in talks with Apollo Global Management about joining a bid for the media giant.
- 04/19/2024
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Paramount Global shares rise on reports of joint Sony-Apollo takeover bid
- Paramount Global (NASDAQ:PARA) shares surged on reports private equity firm Apollo Global Management (NYSE:APO) and Sony Group Corp (NYSE:SONY) are considering a joint bid for the media company. A person familiar with the matter told media outlets that Sony Pictures Entertainment chief Tony Vinciquerra has been in talks with Apollo over the last week about working together on an offer.
- 04/19/2024
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Sony, Apollo discuss joint bid for Paramount, says source
- Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global , according to a person familiar with the matter.
- 04/18/2024
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Sony Is Said to Be in Talks With Apollo on Joint Paramount Bid
- Bloomberg has learned that Sony Group Corp. and Apollo Global Management Inc. are considering teaming up in a bid for the film and TV giant Paramount Global. The two companies haven't submitted an official offer, according to a person familiar with the matter.
- 04/18/2024
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Sony in talks with Apollo to team up on bid to buy Paramount: sources
- Sony Group and Apollo Global Management are in talks to team up on a bid for Paramount Global, sources told The Post on Thursday.
- 04/18/2024
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Paramount shares rise after Sony, Apollo reportedly seek to join deal talks
- Shares of Paramount Global traded higher following a report that Sony's movie studio division is in talks with Apollo Global Management about joining a bid for Paramount.
- 04/18/2024
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Sony In Talks To Team With Apollo In Bid For Paramount Global
- Remember those rumors, oh, eight years ago about how Sony was a target for acquisition? No more. Still, don't say merger yet. Deadline has confirmed that Sony Picture Entertainment CEO Tony Vinciquerra has been in talks with Apollo Global Management about making a go for Paramount.
- 04/18/2024
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AB vs. APO: Which Stock Should Value Investors Buy Now?
- Investors interested in Financial - Investment Management stocks are likely familiar with AllianceBernstein (AB) and Apollo Global Management Inc. (APO). But which of these two stocks offers value investors a better bang for their buck right now?
- 04/09/2024
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Want $15,750 In Passive Income? Invest $30,000 In These Dividend Stocks
- Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement?
- 04/06/2024
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New Exchange Traded Debt IPOs, March 2024
- Two new ETDS achieved perfect CDx3 Compliance Scores. Athene priced an offering of $500 million of new 7.25% fixed-rate reset junior subordinated debentures.
- 03/28/2024
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Apollo to Announce First Quarter 2024 Financial Results on May 2, 2024
- NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the first quarter 2024 on Thursday, May 2, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 03/28/2024
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Redstone Reportedly 'Unconvinced' by Apollo's $11 Billion Bid For Paramount's Studio
- Paramount Global (PARA) shares lost ground Thursday as controlling shareholder Shari Redstone reportedly isn't interested in an $11 billion offer to buy the company's studio segment.
- 03/21/2024
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Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio
- Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.
- 03/21/2024
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Paramount Stock Jumps After Apollo Reportedly Offers $11 Billion For Studio Segment
- Paramount Global (PARA) stock jumped Thursday after it was reported that private equity giant Apollo Management had offered $11 billion for its Hollywood studio.
- 03/20/2024
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Private equity giant Apollo offers $11B for Paramount Pictures studio: report
- Apollo's reported $11 billion offer is more than the entire market capitalization of Paramount Global, which is currently around $7.7 billion.
- 03/20/2024
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Apollo Offers $11 Billion For Paramount Studios, Report Says
- Apollo Global Management has made an $11 billion offer to purchase Paramount Global's studios, according to the Wall Street Journal, while the entertainment company reportedly weighs another offer from Skydance Media and RedBird Capital Partners.
- 03/20/2024
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Apollo Offers $11 Billion for Paramount's Studio
- The bid comes as an independent committee of the company's directors is reviewing another offer from Skydance Media to merge with all of Paramount.
- 03/20/2024
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Paramount shares rise on report of Apollo's $11 billion bid for company's Hollywood studio
- Shares of Paramount Global climbed nearly 8% Wednesday on reports that private-equity firm Apollo Global Management Inc. has offered $11 billion to buy the media conglomerate's film-and-television studio.
- 03/20/2024
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Asset Manager Mavens: 3 Market Movers to Buy for Stellar Returns
- Asset managers are firms that invest funds on behalf of others. In my view, for several reasons, it's a good time to be an asset manager and to invest in asset managers.
- 03/15/2024
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Look Beyond S&P 500 for Big Winners Excluded From Index
- Dell Technologies Inc NYSE: DELL, The Trade Desk Inc. NASDAQ: TTD and Apollo Global Management Inc. NYSE: APO represent a diverse group of companies but have something in common: They're large-cap stocks that aren't part of the S&P 500 but are outperforming the index.
- 03/14/2024
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Paramount and Apollo in talks for strategic deal, says report
- Apollo Global Management is in discussions with Paramount Global (PARA) about a possible acquisition or asset purchase. According to a report by Axios on Tuesday, a special committee formed by Paramount Global is engaging in these preliminary talks, signaling a new chapter in the ongoing saga of media consolidations.
- 03/13/2024
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Apollo Global Management reached out to Paramount about a deal: Report
- According to an Axios report, Apollo Global Management — the parent company of Yahoo — has reportedly reached out to Paramount Global (PARA, PARAA) to explore a potential deal. The private equity firm is said to be interested in either acquiring Paramount outright or purchasing some of its assets.
- 03/12/2024
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Final Trades: Target, Las Vegas Sands, Apollo Global and the IYH
- The Investment Committee share their top stocks in the second half.
- 03/08/2024
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10 Blue-Chip Bargains That Could Potentially Boost Your Retirement Portfolio Yield
- A long-term retirement portfolio strategy built around specific needs is critical to achieving financial security. The Zen Portfolio strategy combines ETFs with high-conviction stock ideas to boost returns, yield, income growth, and provide diversification.
- 03/08/2024
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AB or APO: Which Is the Better Value Stock Right Now?
- Investors with an interest in Financial - Investment Management stocks have likely encountered both AllianceBernstein (AB) and Apollo Global Management Inc. (APO). But which of these two stocks is more attractive to value investors?
- 03/06/2024
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No Fed rate cuts in 2024, Apollo Global Management Chief Economist Torsten Sløk says
- Market indices (^DJI, ^IXIC, ^GSPC) steadily move upward intraday Friday — the first trading day of March — staying in the green after February's rally. In an email, Apollo Global Management Chief Economist Torsten Sløk laid out why he believes the Federal Reserve will not cut interest rates in 2024.
- 03/01/2024
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20 GARP Blue-Chip Bargains To Buy Now
- Last week saw a rally in Nvidia stock, causing nervousness among value and income investors. There were opportunities to buy quality companies at good or even great valuations even during the tech bubble. Growth at a reasonable price (GARP) is one potential time-tested way to beat the market long term. Super GARP investing, combining GARP with quality screens, could be better.
- 03/01/2024
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Annuity Awakening: 3 Stocks to Ride the $700 Billion Wave
- According to a recent Bloomberg article, annuity sales in the U.S. could hit $700 billion over the next two years. In 2023, they hit a record of $385 billion, 23% higher than in 2022.
- 02/22/2024
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Apollo to Present at the Bank of America Securities 2024 Financial Services Conference
- NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the Bank of America Securities Financial Services Conference on Thursday, February 22, 2024 at 9:40 am ET.
- 02/14/2024
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FHI vs. APO: Which Stock Is the Better Value Option?
- Investors with an interest in Financial - Investment Management stocks have likely encountered both Federated Hermes (FHI) and Apollo Global Management Inc. (APO). But which of these two stocks presents investors with the better value opportunity right now?
- 02/13/2024
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Compared to Estimates, Apollo Global Management Inc. (APO) Q4 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Apollo Global Management Inc. (APO) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 02/08/2024
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Fed will only cut rates three times this year, says Apollo Global's Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'Squawk on the Street' to discuss whether Slok is still unconvinced about the soft-landing narrative, how many cuts will happen this year, and what the market's saying about the Fed's trajectory.
- 02/01/2024
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My Top Insurance Picks In Early 2024
- My Top Insurance Picks In Early 2024
- 01/30/2024
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MoneyShow's Best Investment Ideas For 2024: Part 1
- MoneyShow presents top investment ideas for 2024 from their contributors. This year's edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income. Part 1 of this series includes Academy Sports and Outdoors, Agnico Eagle Mines, Alphabet, Altimmune, and Arista Networks, among others.
- 01/25/2024
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Final Trades: Alibaba, Blackstone, Apollo Global, and SLB
- Stephanie Link, Hightower chief investment strategist and portfolio manager, Joe Terranova, senior managing director at Virtus Investment Partners, Karen Firestone, CEO at Aureus Asset Management, and Rob Sechan, managing partner at NewEdge Wealth, join 'Halftime Report' to share their top picks to watch for the second half.
- 01/24/2024
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How private credit became one of the hottest investments on Wall Street
- Private credit has grown from a $250 billion asset class in 2010 to a $1.6 trillion asset class today. Here's how it happened.
- 01/22/2024
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PAX vs. APO: Which Stock Is the Better Value Option?
- Investors with an interest in Financial - Investment Management stocks have likely encountered both Patria Investments (PAX) and Apollo Global Management Inc. (APO). But which of these two stocks is more attractive to value investors?
- 01/17/2024
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2024 will be the year of lagged effects of Fed hike, says Apollo Global Management's Torsten Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'Closing Bell Overtime' to talk what the market should anticipate from the Fed in 2024 and if the Fed pivot is going to be as dovish as investors think.
- 01/04/2024
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Actively managed ETFs are growing in popularity. Here's what you want one to look like.
- The Gabelli Financial Services Opportunities Fund is an exchange-traded fund that is actively managed. This fund is less than two years old but has performed very well.
- 01/04/2024
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Apollo to Announce Fourth Quarter and Full Year 2023 Financial Results on February 8, 2024
- NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the fourth quarter and full year 2023 on Thursday, February 8, 2024, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 01/04/2024
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3 Asset Managers Set to Continue Their Winning Streak in 2024
- Despite the tough operating backdrop, KKR, Apollo Global (APO) and Victory Capital (VCTR) remain poised for AUM growth in 2024, supported by decent asset inflows.
- 12/22/2023
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Farfetch in talks with Apollo Global Management about rescue deal: report
- Farfetch Limited (NYSE:FTCH) is in talks with several parties including Apollo Global Management (NYSE:APO) about securing new financing, according to a report from Sky News. Sources told the media outlet that Apollo is one of several firms speaking with the company and that a deal was far from certain to be reached.
- 12/13/2023
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Private-equity firms build up record $2.59 trillion in ‘dry powder,' or capital on the sidelines
- Capital waiting to be deployed, or so-called dry powder, rose 8% to a record $2.59 trillion in the past year, S&P said Tuesday.
- 12/13/2023
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Apollo to Present at the Goldman Sachs 2023 US Financial Services Conference
- NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Marc Rowan, Chief Executive Officer, will participate in a fireside chat at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 8:00 am ET.
- 11/29/2023
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Apollo Global stock: Here's why it is better than Blackstone
- Apollo Global Management (NYSE: APO) stock price has done well in 2023 even as the private equity industry faces numerous headwinds. The shares jumped to a high of $91.42 on Friday as they near their all-time high of $92.76.
- 11/24/2023
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Another Smashing Quarter For Apollo And How Long It Will Remain So Cheap
- Apollo delivers strong Q3 results with growth in fee-related earnings and spread-related earnings. The market undervalues Apollo due to struggles in valuing Athene, its retirement specialist subsidiary. Athene plays a leading role within Apollo, with its unique business model and strong alignment with third parties.
- 11/14/2023
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Billionaire Investor Says 'Buy REITs': Our Top Picks
- Barry Sternlicht is very bullish on REITs. Valuations are the lowest in years, and he is buying. We present three of our Top Picks to profit.
- 11/11/2023
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'De-banking' is fueling private credit growth: Apollo CEO Marc Rowan
- Marc Rowan, CEO of Apollo Global Management explains why private credit is benefiting from tighter banking regulation, and shares his expectation for a pick up in private equity deals.
- 11/08/2023
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Final Trades: Fortinet, Wynn & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 11/08/2023
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Restaurant Group Pizza Express counter-offer off the table; shares fall 3%
- The owner of Pizza Express has said it won't bid for Wagamama chain, The Restaurant Group, citing market conditions for its decision. It leaves the field clear for private equity group Apollo Global Management (NYSE:APO), which has bid more than £500 million for TRG.
- 11/07/2023
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Wall Street titans help to fuel Ivy League donor revolt
- Billionaire Marc Rowan is calling on wealthy donors to Ivy League universities to pause contributions to protest the schools' responses to the Israel-Hamas war.
- 11/02/2023
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Why Apollo Global Was Surging Today
- Apollo missed earnings expectations, but the stock surged anyway. Lower earnings were attributable to lower investment exits in a soft market.
- 11/01/2023
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Final Trades: Microsoft, Canadian Natural Resources & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 11/01/2023
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Global buyout firm CVC postpones IPO plans
- CVC Capital Partners has postponed its plans to list in Amsterdam, another blow to the jittery initial public offering market. The global buyout firm, which competes with Apollo Global Management Inc. APO, Blackstone Inc. BX, and other private-equity giants, had planned to go public as early as this week.
- 11/01/2023
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Apollo Global (APO) to Report Q3 Earnings: What's in Store?
- Apollo Global (APO) is expected to have recorded AUM growth in the third quarter of 2023.
- 10/30/2023
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Recession is coming on the horizon, says Apollo Global's Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'Squawk on the Street' to discuss his thoughts on the global economy, why the Federal Reserve believes policy may not be tight enough, and the Federal Reserve's tools to bring the economy out of recession should it begin.
- 10/25/2023
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Apollo CEO Marc Rowan on UPenn op-ed: We are at Penn a bastion of 'preferred' speech
- Apollo Global Management CEO Marc Rowan joins 'Squawk Box' to discuss his decision to write an op-ed to UPenn's student newspaper criticizing university president Elizabeth Magill and board of trustees chair Scott Bok over a Palestinian literary festival held last month, fighting antisemitism on college campuses, rising tensions following the Israel-Hamas war, the double standard in the exercise of free speech, and more.
- 10/12/2023
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New Exchange-Traded Debt IPOs, September 2023
- September saw no new preferred stock offerings, but three ETD offerings began trading with dividend yields ranging from 7.625% to 8.5%. CDx3 preferreds ranked 10 out of 10 are selling at an average discount to par of about 8.5% and offer an average current yield of 6.43%. Past preferred stock IPOs are now trading below par, with a surge in the "Bargain Table" count reaching near all-time highs.
- 10/03/2023
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Apollo to Announce Third Quarter Financial Results on November 1, 2023
- NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the third quarter 2023 on Wednesday, November 1, 2023, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on Apollo's Investor Relations website at ir.apollo.com. A replay will be available one hour after the event.
- 10/02/2023
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2 Top Ranked Stocks with Sky High Earnings Growth Forecasts
- Identifying stocks with high earnings growth is a powerful strategy for investors looking to secure high returns. Earnings growth is a leading indicator of a company's financial health and its potential for future stock price appreciation.
- 09/29/2023
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3 Red-Hot Stocks for Momentum Investors to Buy
- Volatility has recently crept higher, with pockets of the market facing sideways or adverse price action over the last month. However, these three have continued climbing, all delivering market-beating returns.
- 09/28/2023
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Is Apollo Global Management (APO) Stock Outpacing Its Finance Peers This Year?
- Here is how Apollo Global Management Inc. (APO) and First Bancorp (FBP) have performed compared to their sector so far this year.
- 09/28/2023
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SEC intensifies probe of Wall Street's WhatsApp usage
- The Securities and Exchange Commission (SEC) has escalated its investigation into Wall Street's use of private messaging applications, collecting thousands of staff messages from over a dozen major investment companies. As per Reuters, the SEC's heightened scrutiny is aimed at assessing potential breaches of record-keeping rules and ensuring compliance within the financial sector.
- 09/25/2023
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SEC expands investigation into personal messaging apps
- Meta Platforms' (META) personal messaging apps, like WhatsApp and Signal, are on the hot seat as SEC investigators expand their probe into Wall Street traders' private messages. Yahoo Finance Live's Rachelle Akuffo breaks down the investment firms that are under scrutiny and how Meta's stock is reacting to the situation in today's Trending Ticker.
- 09/25/2023
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Grab These 5 Flourishing Giants to Strengthen Your Portfolio
- We have narrowed our search to five stocks that have provided solid returns in the past month. These are: SPLK, DELL, VST, APO, TSLA.
- 09/21/2023
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Is Apollo Global Management (APO) Outperforming Other Finance Stocks This Year?
- Here is how Apollo Global Management Inc. (APO) and New York Community Bancorp (NYCB) have performed compared to their sector so far this year.
- 09/12/2023
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Apollo (APO), Phoenix Partner for Global Origination Platform
- Apollo (APO) and Phoenix launch a partnership for the deployment and co-investment of Phoenix client and corporate assets.
- 09/06/2023
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UBS may try to renegotiate deal terms with Apollo after sale of securitized products unit: Bloomberg
- UBS AG UBS, +0.70% executives may seek to renegotiate the sale Credit Suisse's securitized products unit (SPG) to Apollo Global Management Inc. APO, +2.50% partly because of the fees that Credit Suisse agreed to pay Apollo, Bloomberg reported on Tuesday. Citing people familiar with the situation, Bloomberg said Apollo would have to agree to re-open deal talks after Credit Suisse inked the deal prior to UBS's distressed acquisition of its fellow Swiss bank earlier this year.
- 09/05/2023
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Apollo to Present at Barclays Financial Services Conference
- NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the Barclays Financial Services Conference on Tuesday, September 12, 2023 at 9:45 am ET.
- 09/05/2023
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China's economy: Yahoo Finance looks at Chinese stocks, property market, consumer spending at tech
- Yahoo Finance examines the challenges facing China's economy.
- 09/01/2023
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Yahoo Finance CEO Roundup: GM, Hostess, Campbell Soup, Cisco, Celsius, and Brinker
- Yahoo Finance spoke with CEOs of General Motors, Campbell Soup, Cisco, Celsius and Brinker about what investors need to know about earnings, profits, innovation, and more.
- 09/01/2023
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Yahoo Finance Retail Special: What investors need to know about spending, bankruptcies, and theft
- Yahoo Finance looks at the world of retail, consumer trends, bankruptcies, and how shrink has impacted the bottom line in retail.
- 09/01/2023
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High-rate effects will keep going and have more negative impacts on economy: Apollo Global's Slok
- Torsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.
- 09/01/2023
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New ETD And Preferred Stock IPOs, August 2023
- August saw four new preferred stock/ETD offerings with dividend yields ranging from 6.75% to 8.75%. CDx3 preferreds ranked 10 out of 10 are selling at an average discount to par of about 8.2% and offer an average current yield of 6.47%. Asset management firm Apollo Global priced an offering of mandatory convertible preferred stock at $50/share.
- 08/31/2023
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Stock outlook for September is historically weak: Yahoo Finance recaps past market performance
- Yahoo Finance Markets Reporter Jared Blikre recaps past market performance in September which shows a history of weak performance in the stock market.
- 08/29/2023
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Apollo names Chris Ayers new Arconic CEO
- Apollo Global Management Inc.'s APO, +0.76% Arconic Corp. said late Friday it had named Chris Ayers as its new chief executive and board chairman, effective Sept. 11. Ayers has served on the industrial company's board for seven years and held several executive positions in “key businesses” within Alcoa, the company's predecessor, before this board role, Arconic said.
- 08/25/2023
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Why Hostess Brands Stock Suddenly Skyrocketed on Friday
- Hostess Brands is reportedly exploring a sale. The stock is already generously valued, which may limit its near-term upside in a takeover scenario.
- 08/25/2023
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SEC Adopts Rules to Increase Transparency Among Private Funds
- Per SEC's new rules to increase transparency, BX, CG, APO and KKR will have to issue quarterly fee and performance reports, and disclose fee structures.
- 08/24/2023
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Apollo Is Winning The Race And Should Help Compound Your Portfolio
- Apollo's Q2 results have convinced many investors, leading to a jump in share prices. The company's fee-generating assets under management are growing rapidly, primarily due to inflows from retirement services. Apollo's capital solutions business is quickly growing as well, allowing the company to provide capital for major companies and generate transaction fees.
- 08/16/2023
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Apollo-Led Lenders Sell Yellow Loan to Citadel
- The firm exited its loan investment after rival lenders offered better terms to finance Yellow's liquidation.
- 08/15/2023
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Apollo Poised to Loan $4B to Struggling Buyout Firms
- Apollo Global Management is poised to sign more than $4 billion in so-called NAV loans, as the asset manager steps up unorthodox lending to private equity firms looking to raise cash in a challenging high-cost environment. Laura Benitez has more on "Bloomberg Markets: The Close.
- 08/15/2023
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Buy The Dip: 2 REITs Getting Way Too Cheap
- REITs have crashed over the past year. Some of the most sensitive to interest rates offer the best opportunities. We present two of our favorite opportunities.
- 08/10/2023
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Stocks flip to losses to end rough week, Amazon surges: Stock market news August 4 | Yahoo Finance
- Stocks flipped into the red Friday afternoon after looking set to rebound earlier in the session, putting the cap on a rough first few days in August as the jobs report's release took center stage and an earnings-heavy calendar continued. The S&P 500 (^GSPC) finished down 0.5%, while the Dow Jones Industrial Average (^DJI) fell 0.4%.
- 08/04/2023
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Apollo Global Management, Inc. (APO) Q2 2023 Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Noah Gunn - MD & Global Head, IR Marc Rowan - Co Founder, CEO & Director Jim Zelter - Co President, Apollo Asset Management Martin Kelly - CFO Conference Call Participants Glenn Schorr - Evercore ISI Alexander Blostein - Goldman Sachs Group Patrick Davitt - Autonomous Research Michael Brown - KBW Michael Cyprys - Morgan Stanley Rufus Hone - BMO Capital Markets Benjamin Budish - Barclays Bank Adam Beatty - UBS Operator Good morning, and welcome to Apollo Global Management's Second Quarter 2023 Earnings Conference Call. [Operator Instructions].
- 08/03/2023
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Apollo Global Management Inc. (APO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Apollo Global Management Inc. (APO) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 08/03/2023
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Stocks plunge as credit downgrade rattles Wall Street: Stock market news August 2 | Yahoo Finance
- US stocks plunged Wednesday after rating agency Fitch downgraded the US government's credit rating, citing fiscal and political instability. The S&P 500 (^GSPC) dropped 1.3%, while the Dow Jones Industrial Average (^DJI) fell nearly 1%, or over 300 points.
- 08/02/2023
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Stocks slide after Fitch downgrades US debt: Stock market news Wednesday August 2 | Yahoo Finance
- US stock losses accelerated Wednesday morning after rating agency Fitch downgraded the US government's credit rating, citing fiscal and political instability. The S&P 500 (^GSPC) dropped 1.2%, while the Dow Jones Industrial Average (^DJI) fell around 0.7%.
- 08/02/2023
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YELL Stock Alert: Apollo Global Gives Yellow a Big Boost
- Yellow (NASDAQ: YELL ) stock became the subject of a meme-stock short squeeze yesterday. On Sunday, the trucking company ceased operations and laid off about 30,000 workers as rumors swirled of a potential bankruptcy filing.
- 08/02/2023
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Buffett's Great Success: The Power Of Insurance Dividends
- Warren Buffett is a consistent buyer of rich and discounted cash flows. Investing like Buffett is different from investing in/with Buffett. Two +6% yields from Berkshire's favorite industry.
- 07/28/2023
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Leon Black refused to answer questions about his financial dealings with Jeffrey Epstein, Senate committee says as it unveils tax probe
- The Senate Finance Committee has been conducting an investigation for more than a year into the tax implications of billionaire and Apollo Global Management Inc. co-founder Leon Black's ties to convicted sex offender Jeffrey Epstein, Sen. Ron Wyden said Tuesday.
- 07/25/2023
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Private-equity mogul Leon Black agreed to pay $62.5 million to settle Epstein-related claims: report
- Leon Black, founder of private-equity giant Apollo Global Management, agreed to pay $62.5 million to the U.S. Virgin Islands earlier this year to be free from any potential claims arising from the territory's three-year investigation into the sex trafficking crimes of the late disgraced financier Jeffrey Epstein, according to a Friday report.
- 07/21/2023
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Final Trades: Apollo Global, Jefferies & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 07/21/2023
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Here is Why Growth Investors Should Buy Apollo Global Management Inc. (APO) Now
- Apollo Global Management Inc. (APO) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 07/20/2023
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Stocks end lower amid China headwinds, Fed minutes: Stock market news July 5 | Yahoo Finance
- Stocks ended Wednesday's session lower as traders returning from the Independence Day break eyed headwinds for the global economy and combed through the release of the Federal Reserve's minutes from its June meeting. The S&P 500 (^GSPC) finished down 0.2%, while the Dow Jones Industrial Average (^DJI) slipped by around 0.3% or about 100 points.
- 07/10/2023
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Stocks slide as fresh jobs strength adds to Fed hike consensus | July 6 Yahoo Finance
- Stocks tumbled on Thursday after strong labor data spurred fears around further Federal Reserve interest rate hikes, reviving concerns about the impact of those hikes on the economy. The S&P 500 (^GSPC) closed down about 0.8%, while the Dow Jones Industrial Average (^DJI) fell 1.1%, or over 350 points.
- 07/10/2023
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This Silicon Carbide Stock Just Got a Billion-Dollar Lifeline
- Wolfspeed got support from lenders to improve its silicon carbide wafers production facilities.
- 07/06/2023
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Yahoo CEO says company is going public again: report
- Yahoo is planning a second initial public offering on Wall Street after delisting from public markets and Nasdaq more than five years ago, according to CEO Jim Lanzone.
- 07/05/2023
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Yahoo Plans to Become Public Company Again
- Yahoo's days as a private company could be coming to an end. The tech company's CEO told the Financial Times Monday (July 4) that he hopes to take Yahoo public and return it to its former glory.
- 07/04/2023
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The rise and fall and rise again of Yahoo!, the dot-com underdog
- In an alternate timeline, “let me yahoo it” would be the metonymic phrase used to settle arguments between friends. Of course, Alphabet's Google search engine pipped yahoo!
- 07/04/2023
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10% Yielding REIT Buying Opportunities
- Most commercial mortgage REITs are today heavily discounted. But they are discounted for a good reason: they are heavily leveraged and have high exposure to the office sector. We highlight 10% yielding mREITs to consider and our current top pick.
- 07/04/2023
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Yahoo CEO says company will seek a public listing again: report
- Yahoo, an early trailblazer of the Internet boom, is “very profitable,” and ready to return to public markets via an initial public offering.
- 07/04/2023
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Yahoo! plans multi-billion dollar IPO
- Yahoo! is set to make a return to public markets through an initial public offering (IPO), according to its chief executive, Jim Lanzone's interview with the Financial Times.
- 07/04/2023
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Watch: Overstock CEO on Bed Bath & Beyond Deal, First on Yahoo Finance
- The Bed Bath & Beyond brand will live on, thanks to Overstock.com (OSTK). The online retailer announced it will rename its website to use the Bed Bath & Beyond branding, which it acquired as part of the home-goods retailer's bankruptcy proceedings.
- 06/29/2023
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Apollo to Announce Second Quarter Financial Results on August 3, 2023
- NEW YORK, June 29, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the second quarter 2023 on Thursday, August 3, 2023, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on the Investor Relations section of Apollo's website at ir.apollo.com. A replay will be available one hour after the event.
- 06/29/2023
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Apollo marshals $2B direct lending deal for US chip maker Wolfspeed
- A group of lenders led by private-equity firm Apollo Global Management (NYSE:APO) Inc is providing as much as $2 billion to Wolfspeed Inc to support the semiconductor maker's expansion in the US, according to Bloomberg. The news agency reported that the financing makes $1.25 billion of cash immediately available to the Durham, North Carolina-based chip maker, while another $750 million can be drawn later.
- 06/26/2023
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Apollo leads big debt investment in chip maker Wolfspeed: reports
- Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday.
- 06/25/2023
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Buffett Says Make Money In Your Sleep, +7% Yields For A Dream Retirement
- Money is one of the biggest factors causing Americans to lose sleep. Despite its importance in modern society, there are things far more important than money. Two +7% yields to increase your financial independence and automate your income production.
- 06/23/2023
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You Can Find Value, Growth, And Yield Within Apollo Global Management's Tickers
- Apollo Global Management has recovered from the banking crisis and is trading at a 52-week high, while Athene's preferred stocks remain undervalued. Apollo's innovative business model, which creatively uses insurance, is one reason for optimism about the company's future. The company is well-positioned to benefit from the banking crisis by increasing its share in investment-grade debt at the expense of banks.
- 06/21/2023
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Yahoo CEO discusses company transformation and 'practical applications' for AI
- Yahoo CEO Jim Lanzone spoke to Yahoo Finance anchors Brad Smith and Brian Sozzi at Cannes Lions about the "practical applications" for generative AI, internet advertising, Yahoo Finance, Yahoo Sports and more. Note: Yahoo Inc. is the parent company of Yahoo Finance.
- 06/20/2023
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Yahoo Finance heads to the Cannes Lions festival
- Some of the big themes we're covering include how companies are generating demand during a discretionary spending downturn. We'll also explore how companies are trying to strike the right tone in hopes of broadening their brand appeal.
- 06/18/2023
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What is a 'hawkish pause'?: Yahoo Finance breaks down Fed jargon
- Reserve Phrases like "hawkish pause" and "dovish" are being used a lot after the Fed opted to not raise rates at its June meeting. But what do they mean?
- 06/15/2023
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Alantra makes a trio of investment firms moving offices to City
- Alantra, the Spanish banking group, is moving its investment arm's headquarters to London from Madrid. This marks the third international company to head to the English capital in the last few months.
- 06/13/2023
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Apollo lines up warehouse financing commitment from Abu Dhabi Investment Authority
- Apollo Global Management Inc. APO, +0.61% said Wednesday it received a commitment from Abu Dhabi Investment Authority (ADIA) for warehouse financing deals by its new asset-backed finance (ABF) franchise and Atlas SP Partners, its securitized credit origination business. Atlas SP is expected to be able to support about $15 billion of new warehouse financing commitments, including the backing from ADIA, with a focus on private investment grade and sub-investment-grade opportunities.
- 06/07/2023
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Apollo Global CEO: There's no alpha left in publicly-traded markets
- CNBC's Andrew Ross Sorkin discusses his one-on-one interview with Apollo Global Management CEO Marc Rowan at The Economic Club of New York on Tuesday.
- 06/07/2023
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Technical Support in Place for Apollo Global Stock
- The shares of Apollo Global Management (NYSE:APO) have broken out of a downtrend that consolidated in the back half of May.
- 05/30/2023
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Apollo to Present at the Morgan Stanley US Financials, Payments & CRE Conference
- NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Scott Kleinman, Co-President of Apollo Asset Management (NYSE: AAM-PA, AAM-PB), will participate in a fireside chat at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 13, 2023 at 1:45 pm ET.
- 05/30/2023
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Asda to create £10bln powerhouse through merger with sister firm EG UK
- Supermarket giant Asda is set to merge with petrol forecourt owner, EG UK, in a deal that is touted to be worth £3bln and create a business with a combined value of £10bln. The British arm of the petrol station and food service company is owned by EG Group, a company set up and run by siblings, Mohsin and Zuber Issa.
- 05/26/2023
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A Recession Is Near, Your Income Matters
- Recession probability has significantly increased; is your income safe? Corporate America will prioritize profits over people.
- 05/21/2023
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Apollo Global Management: Worthy Addition To A Portfolio
- Apollo is a promising alternative asset manager with a heavy exposure to the insurance business. Similarly to other asset managers I've covered here, management has an aggressive plan to double their AUM and earnings over the next 4-5 years.
- 05/21/2023
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Apollo to Present at Bernstein's 39th Annual Strategic Decisions Conference
- NEW YORK, May 18, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Marc Rowan, Chief Executive Officer, will participate in a fireside chat at Bernstein's 39th Annual Strategic Decisions Conference on Thursday, June 1, 2023 at 9:00 am ET.
- 05/18/2023
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5 Stocks With Recent Dividend Hike for a Stable Portfolio
- Dividend-paying stocks should be in demand as investors try to safeguard their portfolios. Five Such stocks are: BAP, APO,NBHC, HLI and TTEK.
- 05/16/2023
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What will Apollo buy now Wood Group & THG are off the table?
- Apollo Global Management (NYSE:APO), the private equity firm, seemed poised for two huge takeovers last month when both THG PLC (LSE:THG) and energy industry engineer Wood Group (John) PLC (LSE:WG.) revealed merger talks had taken place.
- 05/15/2023
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Blackstone, Apollo were among bidders for SVB's assets
- Blackstone Inc , Apollo Global Management were among the bidders for some assets of bankrupt Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday.
- 05/10/2023
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Apollo Global Management, Inc. (APO) Q1 2023 Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Noah Gunn - MD & Global Head, IR Marc Rowan - Co-Founder, CEO & Director Scott Kleinman - Co-President, Apollo Asset Management Inc. & Director Martin Kelly - CFO Conference Call Participants Alexander Blostein - Goldman Sachs Group Patrick Davitt - Autonomous Research Glenn Schorr - Evercore ISI Finian O'Shea - Wells Fargo Securities Benjamin Budish - Barclays Bank Michael Brown - KBW Rufus Hone - BMO Capital Markets Adam Beatty - UBS Michael Cyprys - Morgan Stanley Craig Siegenthaler - Bank of America Merrill Lynch Brian Bedell - Deutsche Bank Operator Good morning, and welcome to Apollo Global Management's First Quarter 2023 Earnings Conference Call. [Operator Instructions].
- 05/09/2023
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Apollo Global to buy aluminum products firm Arconic for $3B
- Apollo Global Management (NYSE:APO) has announced that it will acquire aluminum-products company Arconic Corp for roughly $3 billion, marking another move by the private-equity giant to expand its industrial holdings. Arconic's stock soared by 28% on Thursday morning in New York to $28.77, following the announcement of the acquisition.
- 05/04/2023
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Apollo nears deal to buy Arconic, valuing company at about $3 billion: report
- Private-equity firm Apollo Global Management Inc. is close to a deal to acquire aerospace parts company Arconic Corp., the Wall Street Journal reported late Wednesday.
- 05/03/2023
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Apollo Global-Led Group Nears Deal to Buy Arconic
- The firms are set to pay $30 a share, or about $3 billion, for the industrial-parts manufacturer, according to people familiar with the matter.
- 05/03/2023
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Apollo's CEO on Real Estate, Banks, Markets
- Apollo Global Management CEO & Co-Founder Marc Rowan says the recent US regional banking crisis will cause a "second wave" of losses in the commercial real estate market. He also discusses the banking sector and believes big banks are going to get bigger.
- 05/01/2023
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How the VIX is calculated: Yahoo Finance breaks down expected volatility in the S&P
- Yahoo Finance's Ines Ferre joins the Live show to break down the VIX and how it's calculated.
- 04/29/2023
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VettaFi's Nadig Talks Price, Bifurcated Tech on Yahoo
- Despite much hand-wringing about a potential recession this year, the market has yet to show the kind of contraction or slowdown that would suggest a recession is imminent, even with a disappointing 1.1 annual growth rate for the first quarter.
- 04/27/2023
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Yahoo acquires social sports betting app Wagr
- Yahoo today announced that it has acquired Wagr, a three-year-old social sports betting startup based out of Nashville. Terms of the deal were not disclosed.
- 04/25/2023
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April's 5 Dividend Growth Stocks With 6.30%+ Yields
- April's 5 Dividend Growth Stocks With 6.30%+ Yields
- 04/18/2023
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THG stock jumps after confirming Apollo Global takeover proposal
- Shares in THG jumped over 16% on Monday after confirming it has been approached with a takeover bid by Apollo Global Management. The U.K. online retailer, also known as The Hut Group, said it received a “highly preliminary and non-binding indicative” proposal from the global private equity firm but did not disclose any financial details.
- 04/17/2023
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Stock Market Today - Monday Afternoon April 17 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/14/2023
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Stock Market Today - Monday Morning April 17 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/14/2023
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Stock Market Today - Friday Afternoon April 14 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto
- 04/13/2023
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Stock Market Today - Friday Morning April 14 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/13/2023
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Stock Market Today - Thursday Afternoon April 13 Yahoo Finance
- To get the latest markets news check out finance.yahoo.com #yahoofinance #youtube #live #finance #stockmarket #news #stocks #crypto
- 04/12/2023
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Stock Market Today - Thursday Morning April 13 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/12/2023
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Stock Market Today - Monday Afternoon April 10 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/07/2023
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Stock Market Today - Monday Morning April 10 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/07/2023
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Apollo to Announce First Quarter Financial Results on May 9, 2023
- NEW YORK, April 06, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the first quarter 2023 on Tuesday, May 9, 2023, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast available on the Investor Relations section of Apollo's website at ir.apollo.com. A replay will be available one hour after the event.
- 04/06/2023
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Stock Market Today - Wednesday Afternoon April 5 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/04/2023
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Stock Market Today - Wednesday Morning April 5 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/04/2023
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Stock Market Today - Tuesday Afternoon April 4 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/03/2023
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Stock Market Today - Tuesday Morning April 4 Yahoo Finance
- #youtube #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 04/03/2023
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The Fed's H.8 report: What is it?: Yahoo Finance explains why it matters
- Yahoo Finance's Rick Newman joins the Live show to discuss the Fed's H.8 report and why it matters.
- 04/02/2023
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Stock Market Today - Tuesday Afternoon March 28 Yahoo Finance
- B#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/27/2023
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Stock Market Today - Tuesday Morning March 28 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/27/2023
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Stock Market Today - Monday Afternoon March 27 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/24/2023
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Game Show Network And Yahoo Announce ‘Hey Yahoo!”
- Today, Game Show Network, the leader in game shows and competitive entertainment, and Yahoo have announced a new series, "Hey Yahoo!" hosted by actor and director Tom Cavanagh.
- 03/21/2023
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Stock Market Today - Tuesday Morning March 21 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/20/2023
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Stock Market Today - Monday Afternoon March 20 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus To get the latest markets news check out finance.yahoo.com
- 03/17/2023
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Sunshine co-founder & former Yahoo CEO Marissa Mayer: Winner of A.I. battle best misinfo manager
- Marissa Mayer, former Yahoo CEO and Sunshine co-founder, joins 'Closing Bell: Overtime' to discuss SVB, the A.I. race and Google CEO Sundar Pichai.
- 03/16/2023
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Stock Market Today - Friday Morning March 17 Yahoo Finance
- Stock Market Today - Friday Morning March 17 Yahoo Finance To get the latest market news check out finance.yahoo.com
- 03/16/2023
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Brookfield, Apollo, And Other Alt Managers' Stocks Respond To Silicon Valley Bank Collapse
- Alt managers' stocks dropped heavily due to market turbulence and the Silicon Valley Bank collapse. Apollo was hit the hardest likely due to its massive insurance subsidiary Athene.
- 03/15/2023
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DOT approves private equity buy of Atlas Air, company says
- Publicly traded cargo airline Atlas Air said Tuesday the Department of Transportation has signed off on its sale to private investors and that it expects to finalize the deal Friday. A private equity consortium led by Apollo Global Management (NYSE: APO) agreed in early August to buy Atlas Air Worldwide Holdings (NASDAQ: AAWW) for $5.2 billion, including $2.2 billion in debt.
- 03/14/2023
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Apollo Global Management Assembling Bid to Buy Silicon Valley Bank
- Apollo Global Management is reportedly asking for backing for its bid to buy Silicon Valley Bank.
- 03/14/2023
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Univar Solutions To Be Acquired By Apollo For $8.1 Billion (UNVR) (APO)
- Univar Solutions Inc. (NYSE: UNVR) announced it is being acquired by Apollo (NYSE: APO) for $8.1 billion. These are the details.
- 03/14/2023
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PE firm Apollo reviewing SVB's loan book
- CNBC's Seema Mody reports that PE firm Apollo is reviewing Silicon Valley Bank's loan book and is considering buying a slice of it at par.
- 03/14/2023
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Apollo, Blackstone, KKR Said to Consider SVB Assets
- Private equity firms such as Apollo, Blackstone and KKR are said to be eyeing Silicon Valley Bank loan portfolio assets. Sonali Basak and Bloomberg Intelligence's Herman Chan have more on "Bloomberg Markets.
- 03/14/2023
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Apollo, Blackstone interested in buying SVB Financial loan book: Bloomberg
- Blackstone Group Inc. BX and Apollo Global Management Inc. APO are interested in buying all or part of the loan portfolio of SVB Financial's SIVB Silicon Valley Bank, Bloomberg reported late Monday. The two private equity firms are taking aim at the bank's $74 billion in loans as of Dec. 31 after the Federal Deposit Insurance Corp. took over the bank last week after a run on deposits.
- 03/14/2023
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Univar rallies on WSJ report of $8 bln buyout by Apollo Global Management
- Univar Solutions Inc. stock UNVR is up nearly 14% in premarket trading Tuesday after The Wall Street Journal reported the chemical company it being acquired by Apollo Global Management Inc. APO agreed to be acquired for $8.1 billion, or $36.15 a share. The purchase price of $36.15 a share is a premium of 16% over Univar's closing price of $31.17 on Monday.
- 03/14/2023
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Stock Market Today - Friday Afternoon March 10 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus To get the latest markets news check out finance.yahoo.com
- 03/09/2023
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Stock Market Today - Friday Morning March 10 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus To get the latest market news check out finance.yahoo.com
- 03/09/2023
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Stock Market Today - Thursday Afternoon March 9 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/08/2023
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Stock Market Today - Thursday Morning March 9 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus To get the latest market news check out finance.yahoo.com
- 03/08/2023
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Stock Market Today - Wednesday Afternoon March 8 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/07/2023
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Stock Market Today - Wednesday Morning March 8 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest market news check out finance.yahoo.com
- 03/07/2023
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Stock Market Today - Monday Afternoon March 6 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/03/2023
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Stock Market Today - Monday Morning March 6 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/03/2023
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Stock Market Today - Thursday Afternoon March 2 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/01/2023
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Stock Market Today - Thursday Morning March 2 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 03/01/2023
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Arconic stock soars after WSJ report of buyout talks with Apollo Global Management
- Shares of Arconic Corp. ARNC rocketed 21.6% toward a 5 1/2-month high in afternoon trading Tuesday, after The Wall Street Journal reported that private-equity firm Apollo Global Management Inc. is in talks to buy the aerospace parts company. Apollo's stock APO gained 0.8%.
- 02/28/2023
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How To Supercharge Your Portfolio With Apollo And Other Alt Managers
- High-growing and sizable alt management industry is not represented in the S&P 500 index today. Adding individual alt managers to diversified portfolios should benefit investors. APO's biggest differentiator is full ownership of Athene, a retirement specialist. Population aging represents a powerful tailwind for Athene.
- 02/28/2023
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Stock Market Today - Tuesday Morning February 28 Yahoo Finance
- #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com
- 02/27/2023
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Warren Buffett's annual letter to shareholders - Yahoo Finance's top 3 takeaways
- Warren Buffett was in top form in his latest annual letter to Berkshire Hathaway shareholders. The “Oracle of Omaha” railed against deficits and those politicians that slam stock buybacks for the sake of doing so.
- 02/27/2023
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Bull market vs bear market explained, plus what it means for investors | Yahoo U
- Yahoo Finance Live anchor Jared Blikre explains what bear and bull markets are, when and where they can be seen in stock market trends, and how they could materialize in a recession, all in this week's Yahoo U.
- 02/25/2023
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Yahoo Finance trending tickers: Carvana, Beyond Meat, Booking Holdings
- Yahoo Finance Live's Jared Blikre examines several stocks trending in the after-hours trading session.
- 02/23/2023
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3 Stocks to Buy That Make Money From a Growing Annuities Market
- When researching some stocks to buy this week, I came across an interesting piece from earlier in February about annuity demand. According to Axios, annuity sales climbed 22% higher in 2022 to about $310 billion.
- 02/23/2023
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Nvidia earnings | After the Call: Yahoo Finance breaks down the latest on NVDA
- Nvidia earnings | After the Call: Yahoo Finance breaks down the latest on NVDA
- 02/21/2023
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Pinterest stock: Yahoo Finance's top takeaways after speaking with CEO Bill Ready
- This segment originally aired on February 8, 2023. Yahoo Finance Live's Brian Sozzi provides his take on Pinterest following a conversation with CEO Bill Ready.
- 02/11/2023
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Yahoo to lay off 20% of workforce, and News Corp. to cut 1,250 positions this year
- CNBC's Joe Kernen reports on layoff news.
- 02/10/2023
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Yahoo joins the great tech cull as 1,000 roles go with a further 600 on the line
- Yahoo, owned by Apollo Global Management (NYSE:APO), announced plans to restructure its advertising technology division which will see 1,000 jobs cut, and a further 600 could go in the latest of a wave of tech sector layoffs. According to an interview given by CEO Jim Lanzone, the company intends to reduce headcount at its Yahoo for Business advertising technology unit by 50% by the end of 2023, which equates to more than 20% of the total Yahoo workforce.
- 02/10/2023
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2023 Layoffs: Yahoo Slashes 1,600 Jobs While GitHub Cuts 300
- Major U.S. companies laid off more than 81,000 employees in January.
- 02/09/2023
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Yahoo Laying Off 20% Of Workforce In Ad Tech Pullback
- Yahoo is significantly scaling back its investments in advertising technology and will lay off about 1,600 employees, or 20% of its workforce, as part of the shift in strategy.
- 02/09/2023
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Yahoo to cut more than 20% of staff in strategic shift
- Yahoo intends to lay off more than 20% of its staff as it changes the way it approaches its work in advertising technology.
- 02/09/2023
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Apollo Global Management, Inc. (APO) Q4 2022 Earnings Call Transcript
- Start Time: 08:30 January 1, 0000 9:46 AM ET Apollo Global Management, Inc. (NYSE:APO ) Q4 2022 Earnings Conference Call February 09, 2023, 08:30 AM ET Company Participants Marc Rowan - CEO Jim Zelter - Co-President Martin Kelly - CFO Noah Gunn - Global Head, IR Conference Call Participants Glenn Schorr - Evercore ISI Alexander Blostein - Goldman Sachs Patrick Davitt - Autonomous Research Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Finian O'Shea - Wells Fargo Benjamin Budish - Barclays Gerald O'Hara - Jefferies Adam Beatty - UBS Operator Good morning and welcome to Apollo Global Management's Fourth Quarter and Full Year 2022 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode.
- 02/09/2023
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Yahoo to lay off 20% of staff by year end, beginning this week
- Yahoo will lay off more than 20% of staff, or around 1,600 individuals, with the company's Yahoo for Business being slashed in half, the company said.
- 02/09/2023
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Yahoo will lay off 20% of staff, or 1600 people
- Yahoo is laying off 20% of its staff, impacting 1,600 employees in its ad tech business. Yahoo is the parent company to TechCrunch.
- 02/09/2023
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BP hikes dividend, Apollo in talks for Credit Suisse unit, SoftBank battles slumping valuations
- Yahoo Finance's Julie Hyman breaks down notable business headlines, including BP posting record profits and slowing its shift away from oil, Apollo Global Management exploring a stake in a Credit Suisse unit, and SoftBank's vision fund battling hit by a tech slump. (Apollo Global Management is Yahoo Finance's parent company.
- 02/07/2023
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Apollo Global in talks to buy stake in Credit Suisse unit -WSJ
- Apollo Global Management Inc is among a group of financial firms in talks to buy a stake in Credit Suisse Group's revamped investment bank, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
- 02/07/2023
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Apollo to Present at the Bank of America Financial Services Conference
- NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Jim Zelter, Co-President of Apollo Asset Management (NYSE: AAM-PA, AAM-PB), will participate in an analyst-led fireside chat at the Bank of America Financial Services Conference on Wednesday, February 15, 2023 at 12:50 pm ET.
- 02/06/2023
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Apollo to Present at the Credit Suisse 24th Annual Financial Services Forum
- NEW YORK, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in an analyst-led fireside chat at the Credit Suisse 24th Annual Financial Services Forum on Monday, February 13, 2023 at 4:20 pm ET.
- 02/02/2023
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The economy is doing better than the market is pricing, says Apollo Global's Torsten Slok
- Torsten Slok, Apollo Global Management chief economist, joins 'The Exchange' to discuss Fed sentiment reaching peak hawkishness, inflation moving lower, and the potential for Fed policy adjustments.
- 01/30/2023
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Why Brookfield And Peers Followed Apollo Into Insurance And What's In It For You
- Apollo has developed a new model to combine insurance and investing. It is based on structuring retirement liabilities and overperforming in investment-grade fixed income. For Apollo, insurance has become a strategy centerpiece. The company has delivered ~20% CAGR since focusing on insurance.
- 01/25/2023
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2022: Great Year For LNG Shipping Stocks
- The LNG shipping sector, represented by the UP World LNG Shipping Index, gained 45.76% in 2022. Two companies gained over 77%.
- 01/18/2023
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There's more cheap stuff to buy than there was a year ago: Apollo's David Sambur on dealmaking
- David Sambur, Apollo Partner and co-head of private equity, joins 'The Exchange' to discuss debt in corporate America, investment strategies for constrained financing methods, and the delays associated with today's FAA system outage.
- 01/11/2023
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This is the definition of a soft landing, says Apollo Global's Torsten Slok
- Torsten Slok, Apollo Global Management chief economist, joins ‘Closing Bell' to discuss this morning's jobs report and comments from Atlanta Fed President Raphael Bostic that the data doesn't change his outlook.
- 01/06/2023
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Tough Preferred Stock IPO Environment Continues: 6 December 2022 Offerings
- As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric.
- 01/03/2023
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Apollo Global Management: Earnings Picture Improving, Technicals Show Signs Of Life
- The Financials sector has drifted back towards its YTD relative highs against the S&P 500. One asset manager has also inflected higher as the broad market struggles.
- 12/26/2022
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Looking for a Growth Stock? 3 Reasons Why Apollo Global Management Inc. (APO) is a Solid Choice
- Apollo Global Management Inc. (APO) could produce exceptional returns because of its solid growth attributes.
- 12/20/2022
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7 Hot Stocks to Book Profits In Before 2023
- Although a new year tends to bring feelings of optimism, when it comes to the current market dynamics, it's time to consider hot stocks to book profits in before 2023 arrives. At first, circumstances appeared favorable, with CNN reporting on Dec. 13 that inflation cooled more than expected.
- 12/19/2022
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Carvana shares tank as bankruptcy concerns grow for used car retailer
- Shares of Carvana plummeted by nearly 40% after its largest creditors reportedly signed a deal binding them to act together in negotiations.
- 12/07/2022
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Retail Investors May Soon Be Able to Buy Stocks on Yahoo
- Among the key private companies on investors' minds today is once-high-flyer Yahoo. Now owned by Apollo Global Management (NYSE: APO ), the company provided some big updates yesterday.
- 11/29/2022
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Citi Mexico suitor Mifel enlists Apollo, ADIA to fund bid -sources
- Mexico's Banca Mifel has lined up investors including Apollo Global Management and the Abu Dhabi Investment Authority (ADIA) to fund a bid for Citigroup Inc's Mexican retail bank, two sources familiar with the matter told Reuters.
- 11/27/2022
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Apollo to Present at the Goldman Sachs US Financial Services Conference
- NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Marc Rowan, Chief Executive Officer, will participate in an analyst-led fireside chat at the Goldman Sachs US Financial Services Conference on Wednesday, December 7, 2022 at 8:40 am ET.
- 11/22/2022
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Apollo Raises $2.4 Billion Credit Fund
- Apollo Global Management raised its first long-only fund to make opportunistic investments in multiple credit asset classes, including scooping up some of the $43 billion in buyout loans currently stuck on bank balance sheets. Olivia Raimonde has more on "Bloomberg Markets: The Close.
- 11/21/2022
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Cramer on Verizon's deal to sell AOL, Yahoo to Apollo for $5 billion
- Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo.
- 11/19/2022
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Apollo Global Management, Inc. (APO) Q3 2022 Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Scott Kleinman - Co-President Martin Kelly - Chief Financial Officer Conference Call Participants Patrick Davitt - Autonomous Research LLP Michael Cyprys - Morgan Stanley Finian O'Shea - Wells Fargo Securities LLC Rufus Hone - BMO Capital Markets Alexander Blostein - Goldman Sachs Brian Bedell - Deutsche Bank Benjamin Budish - Barclays Gerald O'Hara - Jefferies Operator Good morning and welcome to Apollo Global Management's Third Quarter Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode.
- 11/02/2022
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Apollo Global Management beats target for adjusted earnings and fee-related revenue
- Apollo Global Management Inc. APO, +3.27% said Wednesday it swung to a third-quarter loss of $876 million, or $1.52 a share, from net income of $249 million, or $1.01 a share, in the year-ago quarter. Adjusted net income fell to $1.33 a share, from $1.71 a share.
- 11/02/2022
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Justice Department Investigates Blackstone, Apollo, KKR
- Blackstone, Apollo Global Management and KKR are among private equity firms that are facing a Justice Department investigation into whether they influence boards across corporate America in ways that violate antitrust laws, according to people familiar with the matter. Leah Nylen reports on "Bloomberg Markets.
- 10/28/2022
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Preferred Stocks To Earn Millions In Retirement
- Preferred securities are a must-have for income investors. These instruments offer dual benefits of better protection from market volatility and reliable income.
- 10/24/2022
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These Are Glenn Greenberg's Top 10 Holdings
- Born in New York in 1947, Glenn Greenberg is the son of baseball player Hank Greenberg.
- 10/18/2022
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Yahoo CEO Jim Lanzone talks tech booms, running internet companies, and the evolution of Yahoo
- Yahoo CEO Jim Lanzone discusses various aspects of the tech business and Yahoo itself at Yahoo Finance's 2022 All Markets Summit.
- 10/17/2022
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Apollo Global Management: Why I Think Shares Could Double In 4 Years
- Apollo shares have fallen 35% year-to-date and now trade at just 10.5x, a conservative estimate of 2022 EPS. While Apollo shares have been volatile, fees on committed capital in private markets and spread-related earnings should be quite stable even in a recessionary environment.
- 10/13/2022
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Apollo, Sixth Street not part of of Elon Musk's Twitter debt deal: Reuters
- Apollo Global Management Inc. APO, -0.58% and Sixth Street Partners LLC are not moving ahead with talks to help finance Elon Musk's $44 billion acquisition of Twitter Inc. TWTR, -1.35% , Reuters reported. Musk replied, "correct" on Twitter when answering queries about whether the two lenders are absent from the $7.1 billion in third-party equity financing package for the deal, the report said.
- 10/06/2022
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Apollo Global Management Bows Out of Musk-Twitter Deal
- Apollo Global Management and Sixth Street, which both were set to provide financing for Elon Musk to buy Twitter, have backed out of those talks, Reuters wrote, citing unnamed sources. Musk and Twitter have been in a court battle following Musk's shift away from his offer to buy the company earlier this year.
- 10/05/2022
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EXCLUSIVE Musk, Apollo no longer in talks to finance Twitter deal -source
- Apollo Global Management Inc , which was looking to provide $1 billion earlier this year to Elon Musk for his proposed buyout of Twitter Inc , is no longer in talks with the billionaire entrepreneur, according to a person familiar with the matter.
- 10/05/2022
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Apollo to Announce Third Quarter 2022 Financial Results on November 2, 2022
- NEW YORK, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the third quarter 2022 on Wednesday, November 2, 2022, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via public webcast, available via the Stockholders section of apollo.com. A replay will be available one hour after the event.
- 09/28/2022
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Retail Investors Can Now Buy Pre-IPO Companies Like Venture Capitalists, Thanks To Titan And Cathie Wood's ARK Invest - Apollo Global Management (NYSE:APO), Carlyle Group (NASDAQ:CG)
- Titan is an online brokerage that is offering investors new opportunities in crypto, private equity and much more.
- 09/27/2022
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Apollo to Present at Bank of America's 27th Annual Financials CEO Conference
- NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Scott Kleinman, Co-President of Apollo Asset Management (NYSE: AAM-PA, AAM-PB), will present at Bank of America's 27th Annual Financials CEO Conference in London on Wednesday, September 21, 2022 at 8:45 am BST.
- 09/14/2022
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Glenn Greenberg Is Going All In on This Subprime Lending Giant
- Glenn Greenberg (Trades, Portfolio)'s Brave Warrior Advisors recently disclosed its 13F portfolio updates for the second quarter of 2022, which ended on June 30.
- 08/26/2022
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Apollo's Q2 earnings rise as Athene helps brave dealmaking slowdown
- Apollo Global Management Inc reported a 13% rise in second-quarter earnings on Thursday, as income from its annuities provider Athene more than compensated for a decline in asset sales amid a slowdown in dealmaking.
- 08/04/2022
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Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q2 2022 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q2 2022 Earnings Conference Call August 4, 2022 9:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Jim Zelter - Co-President Martin Kelly - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Ryan Bailey - Goldman Sachs Craig Siegenthaler - BofA Patrick Davitt - Autonomous Research Brian Bedell - Deutsche Bank Rufus Hone - Bank of Montreal Gerry O'Hara - Jefferies Chris Kotowski - Oppenheimer Adam Beatty - UBS Patrick Davitt - Autonomous Research Operator Good morning, and welcome to Apollo Global Management Second Quarter 2022 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode and following management's prepared remarks, the conference call will open for questions.
- 08/04/2022
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Apollo-led investors acquire cargo airline Atlas Air for $5.2B
- Freighter airline Atlas Air Worldwide announced Thursday it is being acquired by investment funds led by Apollo Global Management in an all-cash deal that values the company at $5.2 billion and takes the company private. The buyout signifies a strong endorsement of future growth prospects for the air cargo industry.
- 08/04/2022
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Atlas Air to Be Bought by Apollo-Led Group
- Airfreight company Atlas Air will be bought by a consortium of investors led by Apollo Global Management in an all-cash deal that values the company at $3.2 billion.
- 08/04/2022
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Atlas Worldwide stocks shoots up in volatile trading after WSJ report of buyout talks with Apollo-led group
- Shares of Atlas Worldwide Holdings AAWW, +12.25% shot up 12.5% toward a four-month high in volatile afternoon trading Monday, after The Wall Street Journal reported that the aircraft and aviation operating services was in advanced buyout talks by a group led by asset management services company Apollo Global Management Inc. The stock, which was up as much as 16.2% earlier in the session, has been halted once for volatility in afternoon trading. The WSJ report, which cites people familiar with the matter, said a deal could come soon, while details of the negotiations couldn't be learned.
- 08/01/2022
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Apollo Global Management: A Bearish Downtrend Brings About Some Value
- The Financials sector has endured sharp losses this year, with asset managers feeling major pressure while insurers hold up better. Apollo Global's valuation has retreated while EPS growth is expected over the next two years.
- 07/22/2022
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Apollo-backed supermarket Fresh Market Holdings withdraws initial public offering
- The Fresh Market Holdings Inc. said in a filing published Wednesday it's withdrawing its initial public offering. The Greensboro, N.C.-based supermarket chain did not provide a reason for the move, but it said it does not intend to pursue the IPO at this time.
- 07/13/2022
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Apollo to Announce Second Quarter 2022 Financial Results on August 4, 2022
- NEW YORK, July 11, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) plans to release financial results for the second quarter 2022 on Thursday, August 4, 2022, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 9:30 am ET via public webcast, available at https://www.apollo.com/stockholders/events-and-presentations. A replay will be available at the same link one hour after the event.
- 07/11/2022
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6 Stocks Hedge Funds Love in a Recession
- 6 stocks hedge funds love in a recession, including the top 3 holdings from Michael Burry and Leon Cooperman. The post 6 Stocks Hedge Funds Love in a Recession appeared first on InvestorPlace.
- 07/06/2022
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4 Beaten-Down Large-Cap Stocks with Long-Term Growth Potential
- Investors appear to be losing their nerve but this is exactly when we need to take a step back and consider the long-term potential in stocks.
- 06/22/2022
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Hedge Fund Tiger Legatus Is Shutting Down. It Was Betting Big on These 10 Stocks.
- After 13 years, Tiger Legatus will officially shut down. The fund owns 12 names in its portfolio, including UBER and DKNG stocks.
- 06/15/2022
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7 Founder-Led Stocks to Buy and Hold Forever
- Founder-led stocks are those whose founder also serves as CEO. This year's Fortune 500 had 21.
- 06/13/2022
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Apollo: On the Road to $1 Trillion in Assets
- Founded in 1990, Apollo Global Management Inc. ( APO , Financial) is one of the world's largest alternative asset managers. It went public in 2011.
- 06/13/2022
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Apollo Global Shows Interest in Just Eat Takeaway's Grubhub
- Grubhub might be seeing some interest from private equity firms for a possible buy, a report from Bloomberg said Thursday (June 9). One of them is Apollo Global, based in New York.
- 06/12/2022
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Apollo Co-President Jim Zelter to Present at Morgan Stanley US Financials, Payments & CRE Conference
- NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that Apollo Asset Management, Inc. Co-President Jim Zelter will present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 14, 2022 at 1:00 pm ET.
- 06/07/2022
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Apollo Co-President Scott Kleinman to Present at Bernstein's 38th Annual Strategic Decisions Conference
- NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that Apollo Co-President Scott Kleinman will present at Bernstein's 38th Annual Strategic Decisions Conference on Thursday, June 2, 2022 at 3:30 pm ET.
- 05/19/2022
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Apollo Reports Its First After-Merger Quarter: Buy It Now
- Apollo is a growth company trading on a value basis. Q1 2022 results are very impressive.
- 05/09/2022
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Apollo Global Management, Inc.'s (APO) CEO Marc Rowan on Q1 2022 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Noah Gunn - Global Head of Investor Relations Marc Rowan - Chief Executive Officer Scott Kleinman - Co-President Martin Kelly - Chief Financial Officer Gerald O'Hara - Jefferies Conference Call Participants Glenn Schorr - Evercore ISI Finian OShea - Wells Fargo Securities Alexander Blostein - Goldman Sachs Patrick Davitt - Autonomous Research Robert A Lee - Keefe Bruyette & Woods Rufus Hone - BMO Capital Markets Chris Kotowski - Oppenheimer Brian McKenna - JMP Securities Michael Cyprys - Morgan Stanley Operator Good morning, and welcome to Apollo Global Management's First Quarter 2022 Earnings Conference Call. During today's discussion, all callers will be placed in listen-only mode and following management's prepared remarks, the conference call will open for questions.
- 05/05/2022
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The Wall Street Journal: Roku and Apollo Global team up to bid for minority stake in cable channel Starz
- Roku Inc. ROKU, +0.80% has teamed with private-equity firm Apollo Global Management Inc. APO, +0.64% to bid for a minority stake in the pay-TV and streaming service Starz, which is known for series like “Outlander” and “Power,” according to people familiar with the situation.
- 05/03/2022
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Demand is still really strong, but we expect weakening toward end of year, says Apollo's Marc Rowan
- Marc Rowan, CEO of alternative asset manager Apollo Global, joins CNBC's 'Squawk on the Street' to discuss market volatility, the Federal Reserve and more.
- 05/02/2022
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Apollo Taps JPMorgan Vet Christine Moy in Digital Asset Project
- Private investment giant Apollo Global Management is launching a new digital asset strategy and has turned to J.P. Morgan Chase veteran Christine Moy for help.
- 04/28/2022
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Reliance and Apollo Global Teaming on UK Pharmacy Chain Boots Takeover Bid
- Indian investment firm Reliance Industries is teaming up with U.S. private equity company Apollo Global Management in an effort to buy U.K. pharmacy chain Boots from the Walgreens Boots Alliance, an Apollo spokesperson told Reuters. If the joint bid is successful, Boots would add locations across India, southeast Asia and the Middle East, the report […]
- 04/28/2022
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India's Reliance, Apollo Global plan joint bid for Walgreens' Boots business
- (Reuters) -Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday.
- 04/27/2022
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Is Apollo Management considering a bid for Twitter?
- Apollo Global Management Inc. (NYSE: APO) is pondering the possibility of bidding for Twitter Inc. (NYSE: TWTR) following Tesla CEO Elon Musk's $43 billion offer to acquire the social media company. Apollo Management joins the race to buy Twitter According to people familiar with the issue, Apollo, which is one of the largest buyout companies […] The post Is Apollo Management considering a bid for Twitter?
- 04/20/2022
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Apollo Global May Back Elon Musk. What Does That Mean for TWTR Stock?
- Reports are circulating that Apollo Global may work with Elon Musk to pursue a bid for Twitter. Here's what that means for TWTR stock.
- 04/19/2022
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Apollo Global Management considers financing Elon Musk's Twitter bid
- Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss reports that Apollo Global Management is considering financing Tesla CEO Elon Musk's Twitter takeover bid. Apollo Global Management is Yahoo Finance's parent company.
- 04/19/2022
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Yahoo Owner Apollo Global Eyes Bid for Twitter
- Apollo Global Management is thinking about taking part in a bid for Twitter, a Wall Street Journal report said Monday (April 18). This comes after the $43 billion bid from Elon Musk, the current richest man in the world and the CEO of Tesla.
- 04/18/2022
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Apollo Global considers participating in a bid for Twitter
- Apollo Global Management Inc. is considering participating in a bid for Twitter Inc., according to people familiar with the matter, after Elon Musk's $43 billion bid put the social-media company in play.
- 04/18/2022
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Apollo Global interested in Twitter, open to working with Elon Musk
- Apollo Global Management is considering ways it can provide financing to any deal and is open to working with Musk or any other bidder, the sources said.
- 04/18/2022
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Another Company Considers Twitter Bid: Here's What Investors Should Know
- Shares of Twitter Inc (NYSE: TWTR) ticked higher Monday afternoon on news that buyout firm Apollo Global could be the latest to put in an offer for the social media platform. What Happened: After Tesla Inc (NASDAQ: TSLA) CEO Elon Musk put in a buyout offer of $54.20 per share for Twitter, many.
- 04/18/2022
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Apollo Global is reportedly thinking about participating in a Twitter bid
- Elon Musk's offer to buy Twitter has grabbed the attention of private equity firms.
- 04/18/2022
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Apollo Global Management is willing to finance a Twitter buyout, sources say
- Private equity firm Apollo Global Management is willing to provide financing for a Twitter buyout, sources say
- 04/18/2022
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Apollo may participate in Twitter deal as lender
- CNBC's Leslie Pickedr joins 'Closing Bell' to discuss Apollo possibly participating in a twitter bid as a lender.
- 04/18/2022
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Apollo Said to Be Weighing Participating in Twitter Bid
- Investors have been skeptical that Elon Musk would be able to cobble together the funds needed to buy Twitter.
- 04/18/2022
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Apollo Global considers participating in bid for Twitter - WSJ
- Apollo Global Management Inc is considering participating in a bid for Twitter Inc after Elon Musk's $43 billion pitch put the social-media company in play, the Wall Street Journal reported on Monday, citing people familiar with the matter.
- 04/18/2022
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Oppenheimer upgrades Apollo Global Management to outperform
- Apollo Global Management Inc. shares rose 1.5% in premarket trades on Wednesday after Oppenheimer upgraded the stock to outperform from perform at set a price target of $64 a share for the private equity manager. Oppenheimer analyst Chris Kotowski said Apollo and other private equity firms such as Carlyle Group and KKR & Co. Inc. have seen their shares drop sharply this year, but the underlying businesses of the firms remain solid despite jitters about the impact of higher inflation.
- 04/13/2022
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3 REITs With Inflation-Based Rent Escalations
- With home prices continuing to rise, oil over $100 per barrel, and food prices surging, there is no end in sight for high inflation rates.
- 04/10/2022
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Late-stage tech backer Liquidity raises $775M for its fintech platform from Apollo and MUFG
- The credit-oriented fintech platform Liquidity Group, which funds later-stage technology companies, has announced a new raise of $775 million from private equity house in Apollo and MUFG Bank. In a statement Ron Daniel, Co-Founder and CEO of Liquidity Group said: “The new capital partnership with Apollo and the continued and successful partnership with MUFG is […]
- 04/05/2022
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3 Best Wind Energy Stocks to Add to Your List
- Since March comes in like a lion and goes out like a lamb, why not consider wind stocks? Here's why you might want to.
- 03/15/2022
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Apollo considers merging Yahoo Sports with betting companies, sources say
- Private equity firm Apollo Global has held preliminary conversations with sports betting companies to potentially merge with Yahoo Sports, sources say
- 03/02/2022
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Apollo Is Poised To Rise
- Apollo Is Poised To Rise
- 02/28/2022
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Tenneco (TEN) Lags on Q4 Earnings, Announces Its Buyout by Apollo
- Tenneco (TEN) slips to a loss in fourth-quarter 2021 on downsized EBITDA in two of its segments. The cmpany announces its acquisition by Apollo in a $7.1-billion deal.
- 02/24/2022
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Wednesday's Winners and Losers Show What Investors Want Now
- Is market sentiment reversing again?
- 02/23/2022
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Apollo Global Management to acquire manufacturer Tenneco
- Yahoo Finance's Julie Hyman and Brian Sozzi discuss news that private equity firm Apollo Global Management is taking auto-parts manufacturer Tenneco private at a big premium. (Apollo is Yahoo Finance's parent company.
- 02/23/2022
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TEN Stock Alert: 10 Things to Know About Apollo's Deal to Take Tenneco Private
- Shares of TEN stock nearly doubled this morning after reports surfaced that Apollo Global would take the car components company private. The post TEN Stock Alert: 10 Things to Know About Apollo's Deal to Take Tenneco Private appeared first on InvestorPlace.
- 02/23/2022
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Apollo agrees to take Tenneco private for $7.1 billion
- Apollo Global Management Inc. APO, -1.51% said Wednesday it agreed to buy Tenneco Inc. TEN, -5.04% for $20 a share, a 100.4% premium over the stock's closing price of $9.98 a share on Tuesday. The deal values Lake Forest Ill.
- 02/23/2022
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Apollo Could Acquire POS Firm Worldline for $2B
- Private equity firm Apollo Global Management Inc. is set to acquire the point-of-sale terminal operations of European payments company Worldline for $2.3 billion. As the Wall Street Journal reported Friday, citing sources close to the deal, the acquisition could be announced in the coming days, and would see Apollo acquire hardware that lets consumers make […]
- 02/11/2022
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Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q4 2021 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q4 2021 Results - Earnings Call Transcript
- 02/11/2022
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Apollo Global's Q4 earnings surge 52% on credit management fees
- Apollo Global Management Inc posted a 52% jump in fourth-quarter distributable earnings on Friday, driven by strong growth in management and advisory fees from its credit business.
- 02/11/2022
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These sectors will outperform this year: ClearBridge's Clarfeld
- Michael Clarfeld, Clearbridge Investments portfolio manager, joins 'Power Lunch' to discuss why dividend growers will be the best investment in 2022.
- 02/07/2022
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Apollo Global Management buys minority stake in 'Dune' production company Legendary Entertainment
- Apollo Global Management Inc. APO, +2.70% said it agreed to pay $760 million for a minority investment in Legendary Entertainment, the motion picture and TV production and distribution company behind "Dune" and "Godzilla vs. King Kong.
- 02/01/2022
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What Will Produce Investor Optimism for 2022?
- Zacks thinks earnings and revenue growth can.
- 01/27/2022
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Apollo co-founders Leon Black and Josh Harris in a dispute over Black's departure: WSJ
- Apollo Global Management APO, -1.64% co-founders Leon Black and Josh Harris have been embroiled in a dispute, The Wall Street Journal reported on Monday. Black has charged Harris of plotting his ouster to seek revenge for being passed over as CEO, a claim Harris denies, the newspaper reported.
- 01/24/2022
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Apollo Global: Extensive Future Growth On Fair Value
- Apollo has all the external factors to its favor to grow its AUM substantially in the next couple of years. Apollo has constantly acquired capital management companies and integrated them quickly.
- 01/23/2022
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Leon Black accuses former Apollo partner of attempting 'coup'
- Leon Black accused a former top lieutenant at Apollo Global Management Inc of exploiting the billionaire's ties to the late sex offender Jeffrey Epstein in an effort to launch a "coup" and oust him from the investment firm he co-founded.
- 01/20/2022
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Apollo to Announce Fourth Quarter and Full Year 2021 Financial Results on February 11, 2022
- NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) plans to release financial results for the fourth quarter and full year 2021 on Friday, February 11, 2022, before the opening of trading on the New York Stock Exchange. Management will review Apollo's financial results at 8:30 am ET via audio webcast, which will be accessible at: https://www.apollo.com/stockholders/events-and-presentations. For those unable to listen to the live broadcast, there will be a replay available at the same link one hour after the event.
- 01/14/2022
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How Apollo (APO) Stock Stands Out in a Strong Industry
- Apollo (APO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/06/2022
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Best Growth Stocks to Buy for January 5th
- ABG, APO, and PFE made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 5, 2022
- 01/05/2022
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Best Growth Stocks to Buy for January 4th
- ABG, PFE, and APO made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 4, 2022
- 01/04/2022
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Top 3 private equity stocks to buy in December
- Private equity (PE) stocks have done well in 2021 as demand for alternative investments rise. Buyout funds have raised billions of dollars this year and the amount of dry powder by the top 25 PE firms has surged to more than $500 billion.
- 12/16/2021
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Apollo looks to reach high net worth individuals by acquiring Griffin Capital units
- Apollo Global Management (NYSE:APO) is set to acquire Griffin Capital Co., a US-based asset-management and wealth-distribution company, to expand what it has to offer to wealthy individuals. The company says that it's buying Griffin using its existing stock.
- 12/02/2021
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How Apollo (APO) Stock Stands Out in a Strong Industry
- Apollo (APO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 12/02/2021
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Athene (ATH), Apollo to Buy Majority Interest in Aqua Finance
- Athene (ATH) and Apollo Global's (APO) pending buyout of Aqua Finance's majority interest will boost Apollo's $80 billion annual run-rate of asset origination.
- 11/30/2021
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Athene (ATH) And Apollo (APO) To Buy Controlling Stake In Aqua Finance For About $1 Billion
- Athene (NYSE: ATH) and Apollo (NYSE: APO) announced today that Athene has agreed to acquire a controlling stake in Aqua Finance. These are the details.
- 11/29/2021
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Apollo Global Examined Bid For Marks & Spencer: Report
- Apollo Global Management Inc (NYSE: APO) reportedly examined a buyout of U.K.'s Marks & Spencer Group PLC (OTC: MAKSF) (OTC: MAKSY), Reuters reported. The New York-based company considers the purchase a bargain, as the group's shares are weighed down by the impact of the COVID-19 and the market failing to attribute enough value to Ocado Group PLC (OTC: OCDDY) venture, the report added.
- 11/22/2021
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5 Stocks Insiders Are Still Buying (Even As Others Cash Out)
- Insider sales are generally a sign the market is about to drop, but not everyone's selling. Here are five companies with insider buying.
- 11/12/2021
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Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q3 2021 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q3 2021 Results - Earnings Call Transcript
- 11/02/2021
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Apollo Consolidated now has two suitors, stock jumps
- (Kitco News) - Gold Road Resources (ASX:GOR) is making an offer for Apollo Consolidated (ASX:AOP), following Ramelius Resources (ASX:RMS) proposal from earlier this month.
- 10/21/2021
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Fitch analyst says Apollo provided more clarity on Athene integration
- Fitch analyst Dafina Dunmore said Apollo Global Management APO, +7.14% caught Wall Street's attention on Tuesday when it projected it'll double its assets under management to $1 trillion and also provided specifics about the benefits of its pending combination with insurance annuities specialist Athene Holding Ltd. ATH, +7.03%.
- 10/20/2021
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Apollo Global Management, Inc. (APO) Moves 7.1% Higher: Will This Strength Last?
- Apollo Global Management, Inc. (APO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 10/20/2021
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Intrado, TSG Global and WMC Global Form Strategic Initiative
- BOSTON--(BUSINESS WIRE)--Telecom Leaders Pioneer Blockchain Identity Solution to Address Major Telecom Issues
- 10/19/2021
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APO Stock: Why It Increased This Week
- The stock price of Apollo Global Management Inc (NYSE: APO) increased by over 6% this past week. This is why it happened.
- 10/19/2021
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Apollo Highlights Strength of Platform, Strategy, and Growth Trajectory at Investor Day
- NEW YORK, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Today, Apollo (NYSE: APO) will host its previously announced Investor Day to present the firm's strategic direction and path to achieve its long-term financial targets. Members of the senior management team will outline Apollo's strategy to accelerate growth and drive significant returns for stockholders.
- 10/19/2021
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Sherrese Clarke Soares Launches HarbourView Equity Partners With Backing From Apollo
- NEWARK, N.J., Oct. 7, 2021 /PRNewswire/ -- Sherrese Clarke Soares today announced the launch of HarbourView Equity Partners (HarbourView) - a global alternative asset manager focused on investment opportunities in the media and entertainment space.
- 10/07/2021
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Takkion Acquires Airway Services
- DALLAS, Oct. 5, 2021 /PRNewswire/ -- Takkion TP&L Holdings LLC ("Takkion" or the "Company"), a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") today announced that it has acquired San Angelo, TX-based Airway Services, LLC ("Airway Services", or "Airway"), from family office-backed private investment firms Northaven Capital Partners and Concentric Equity Partners. Airway is a leading provider of operations and maintenance ("O&M") solutions to the renewable energy industry.
- 10/05/2021
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Notified Launches MarketPlace to Drive Community Engagement for Events Industry
- MarketPlace offers vetted, trusted partner recommendations for event production, marketing, language, analytics, and content through a single, easy-to-use portal MarketPlace offers vetted, trusted partner recommendations for event production, marketing, language, analytics, and content through a single, easy-to-use portal
- 10/05/2021
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Apollo Names Dave Stangis as Chief Sustainability Officer
- Former Campbell & Intel Executive to Lead Apollo's Sustainability Strategy
- 10/04/2021
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Director Of Apollo Global Management Trades $16M In Company Stock
- Joshua Harris, Director at Apollo Global Management (NYSE:APO), made a large buy and sell of company shares on September 30, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Joshua Harris exercised options to purchase 274,116 Apollo Global Management shares for $0 on September 30.
- 10/01/2021
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Altius Renewable Royalties Announces US$52.5 Million Royalty Investment in a Northleaf Wind and Solar Portfolio; New Developer Royalty Added
- ST. JOHN'S, Newfoundland--(BUSINESS WIRE)---- $ARR.TO #Renewable--Altius Renewable Royalties (TSX:ARR) (OTCQX: ATRWF) (“ARR”) reports that its joint venture subsidiary Great Bay Renewables (“GBR”) has closed a US$52.5 million royalty investment with Northleaf Capital Partners (“Northleaf”) related to three operating-stage wind and solar renewable energy projects located in Texas. GBR is a joint venture company of ARR and funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo Funds”). Cotto
- 09/30/2021
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Funds Managed by Affiliates of Apollo Global Management to Acquire Mitsubishi Chemical's Thermal and Emission Control Materials Business
- Deal Marks Apollo's Second Private Equity Fund Investment in Japan This Year as Firm Accelerates Expansion in the Region
- 09/30/2021
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Intrado Digital Media Announces Rebrand to Notified
- ISLANDIA, N.Y., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado”), a global leader in technology-enabled services, announced today it is rebranding its Digital Media business to Notified®. The rebrand will provide Digital Media with a unique market identity, representative of its full solution suite.
- 09/27/2021
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Closing of the acquisition by Apollo Funds of approx. 67% stake in RDM group
- NEW YORK, Sept. 26, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that the closing of the acquisition of a majority stake in Reno De Medici S.p.A. (“RDM” or the “Company”) (BIT: RM/BME: RDM), which is subject to customary closing conditions, is expected to take place by Q4 2021.
- 09/26/2021
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Apollo Names Matt Michelini as Head of Asia-Pacific to Lead the Firm's Continued Expansion in the Region
- Appointment Follows Increasing Investment and Hiring Activity Across APAC Appointment Follows Increasing Investment and Hiring Activity Across APAC
- 09/23/2021
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Apollo's ‘Expanding Opportunity' Initiative Sparks New Strategic Relationship Between MidCap Financial and Lafayette Square
- MidCap Financial Trust and Lafayette Square Provide Credit Facility to Zero Waste Recycling in First Deal
- 09/23/2021
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Intrado Introduces New HouseCalls Pro Capabilities to Help Health Systems Seamlessly Engage with Patients
- Leading digital patient engagement platform now offers referral management among its many automated workflows and integrates with Cerner and Meditech EHR systems Leading digital patient engagement platform now offers referral management among its many automated workflows and integrates with Cerner and Meditech EHR systems
- 09/22/2021
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Apollo Global Management to Host Investor Day on October 19, 2021
- NEW YORK, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it will host an Investor Day for the investment community on Tuesday, October 19, 2021. Due to COVID restrictions, the in-person event will have limited attendance and is invite-only. The Investor Day will include a series of presentations by the company's senior management team, which will provide insight on Apollo's long-term growth strategy. Presentations will begin at 8:30 a.m. ET followed by a Q&A session.
- 09/21/2021
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As Yuma Regional Medical Center Considers Joint Venture with Apollo-owned LifePoint, UNITE HERE Launches Watchdog Website
- BALTIMORE--(BUSINESS WIRE)---- $APO #LifePoint--UNITE HERE launched www.ApolloLifePointWatch.org to provide Yuma, AZ residents with information about Apollo Global Management-owned LifePoint Health
- 09/17/2021
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Apollo Global Management: Not Given Enough Credit
- Apollo is an alternative asset manager that has a history of growing AUM, revenue, and earnings. t is currently trading between a conservative 80-97% of its estimated intrinsic value.
- 09/17/2021
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Life Insurance And Annuity Companies Are Ripe For Strategies To Unlock Their Intrinsic Value
- Life Insurance Companies have been operating in a challenging economic environment since the recession of 2008. Declining interest rates and more recently rising mortality rates related to Covid-19 have resulted in lackluster growth and profitability for companies in this sector.
- 09/16/2021
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Alain de Krassny Enters into Exclusive Negotiations with the Apollo Funds For the Sale of the Kem One Group
- Alain de Krassny, President of the Kem One Group, announces his intention to sell Kem One to funds managed by affiliates of Apollo Global Management, with which he has entered into exclusive negotiations. After successfully transforming the business through a robust investment program, Mr. de Krassny believes Kem One is well-positioned for future growth under the ownership of the Apollo Funds. Alain de Krassny, President of the Kem One Group, announces his intention to sell Kem One to funds managed by affiliates of Apollo Global Management, with which he has entered into exclusive negotiations. After successfully transforming the business through a robust investment program, Mr. de Krassny believes Kem One is well-positioned for future growth under the ownership of the Apollo Funds.
- 09/14/2021
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Apollo Global Ropes In Tinder Chief As Yahoo's CEO; Tinder Names New CEO
- Apollo Global Management Inc (NYSE: APO) has named Match Group Inc (NASDAQ: MTCH) Tinder's CEO Jim Lanzone as the CEO of Yahoo Inc effective September 27. The asset manager acquired Yahoo from Verizon Communications Inc (NYSE: VZ) earlier this year.
- 09/10/2021
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The New Home Company and Apollo Announce Completion of the Acquisition of The New Home Company by Funds Managed by Affiliates of Apollo
- SCOTTSDALE, Ariz. and NEW YORK, Sept. 08, 2021 (GLOBE NEWSWIRE) -- The New Home Company (NYSE: NWHM) (“NWHM” or “the Company”) and Newport Merger Sub, Inc. (the “Purchaser”), an entity controlled by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced the successful completion of the previously commenced cash tender offer by the Purchaser to purchase all of the outstanding shares of common stock of NWHM.
- 09/08/2021
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Apollo Global Management Clients to Acquire up to 50% Equity Stake in MaxCap Group
- Strategic investment positions MaxCap for strong continued growth
- 09/07/2021
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Newbond Holdings and Funds Managed by Apollo Global Management Acquire Westin Tampa Waterside Hotel
- NEW YORK--(BUSINESS WIRE)--Newbond Holdings, a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, announced the acquisition of the Westin Tampa Waterside hotel in partnership with investment funds (the “Apollo Funds”) managed by an affiliate of Apollo Global Management, Inc (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”). Newbond and the Apollo Funds acquired the 309-key trophy hotel asset, located in Downtown Tampa
- 09/07/2021
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Apollo completes its $5B acquisition of Verizon Media, now known as Yahoo
- Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million.
- 09/01/2021
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Apollo Funds Complete Acquisition of Yahoo
- NEW YORK, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by its affiliates (the “Apollo Funds”) have completed the acquisition of Yahoo - formerly Verizon Media - one of the world's premier global technology and media companies. With the close of the transaction, Yahoo will now operate as a standalone company under Apollo Funds. Verizon has retained a 10% stake in Yahoo.
- 09/01/2021
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Verizon Media executives still don't know if they'll have jobs as Apollo seeks to close Yahoo deal on Sept. 1
- Apollo had said it planned to work with Verizon Media CEO Guru Gowrappan and his team, but the firm hasn't defined new roles to existing management, sources say.
- 08/25/2021
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Apollo seeks $500 million fund to invest in SPACs -sources
- Apollo Global Management Inc is raising $500 million for a fund to invest in special purpose acquisition companies (SPACs), the buyout firm's latest move to capitalize on the investment trend, people familiar with the matter said on Tuesday.
- 08/24/2021
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Top Ranked Income Stocks to Buy for August 24th
- MBWM, JHG, HBI, and APO made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 24, 2021.
- 08/24/2021
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Top Ranked Income Stocks to Buy for August 20th
- AHH, WSR, APO, and IPG made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 20, 2021.
- 08/20/2021
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Apollo Names Noah Gunn Global Head of Investor Relations
- NEW YORK, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the appointment of Noah Gunn as Managing Director and Global Head of Investor Relations. In this role, Mr. Gunn will be responsible for the development and execution of Apollo's investor relations strategy, leading the Firm's engagement with current and prospective shareholders, as well as the sell-side analyst community. Mr. Gunn will report to Martin Kelly, Chief Financial Officer and Co-Chief Operating Officer of Apollo, and be based in New York.
- 08/20/2021
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Intrado Digital Media Enhances Multi-lingual Capabilities within Industry Leading Webcasting Solution
- Technology partnership with Interprefy provides flexible, real-time audio interpretation in 26 languages Technology partnership with Interprefy provides flexible, real-time audio interpretation in 26 languages
- 08/19/2021
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This Company Might Cut Its Dividend, but Its Stock Could Soar
- Could a dividend cut actually help this telecom's lagging stock price?
- 08/18/2021
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Intrado Acquires Hubb, Transforming the Future of Global Events
- Intrado Digital Media expands its leadership position as the world's largest technology platform uniquely built for today's omnichannel event marketplace Intrado Digital Media expands its leadership position as the world's largest technology platform uniquely built for today's omnichannel event marketplace
- 08/13/2021
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Lumen Tech.: Trade Offs
- Lumen Tech.: Trade Offs
- 08/05/2021
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Lumen: Continued Strong Income Opportunity
- Lumen: Continued Strong Income Opportunity
- 08/05/2021
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Intrado Announces Affiliation with L3Harris Technologies' Mission Critical Alliance
- Intrado joins Mission Critical Alliance to advance and accelerate the development and adoption of interoperable public safety technologies Intrado joins Mission Critical Alliance to advance and accelerate the development and adoption of interoperable public safety technologies
- 08/05/2021
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Apollo's European Principal Finance Business to Acquire Real Estate Assets from ENPAM
- NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Apollo European Principal Finance Fund III (“Apollo EPF III”), a fund managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO), today announced it has entered into a definitive agreement with the Italian pension fund Fondazione Ente Nazionale di Previdenza ed Assistenza dei Medici e degli Odontoiatri (“ENPAM”) to acquire ENPAM's directly owned portfolio of real estate assets (the “Portfolio”) for €842 million.
- 08/05/2021
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Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q2 2021 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q2 2021 Results - Earnings Call Transcript
- 08/04/2021
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Apollo's Sambur: PE Business 'Firing on All Cylinders'
- Aug.04 -- David Sambur, private equity co-head at Apollo Global Management, discusses second-quarter performance, plans to return workers to their offices, and investment strategy on “Bloomberg Markets.”
- 08/04/2021
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Apollo's Jim Zelter on Q2 results: ‘It was a terrific quarter'
- Apollo Global Management co-president, CIO and board member Jim Zelter speaks to Yahoo Finance's Brian Sozzi about the private equity firm's most recent quarterly results, as well as the recently announced sale of Lumen's U.S. telecom assets, the Verizon Media deal, the SPAC market and the state of the economy. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 08/04/2021
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Apollo Funds to Acquire Majority Stake in Leading Sustainable Bioenergy Producer AS Graanul Invest
- Supports Company's Crucial Role in Providing Sustainable Biomass Wood Pellets to Fuel the Energy Transition and European Renewable Energy Targets
- 08/04/2021
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Newport Merger Sub, Inc. announces successful receipt of requisite consents relating to The New Home Company Inc.'s 7.250% Senior Notes due 2025
- NEW YORK, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Newport Merger Sub, Inc. (the “Merger Sub”), an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”), has received the requisite consents to amend certain terms of the Indenture, dated as of October 28, 2020, by and among The New Home Company Inc. (“The New Home Company”), the guarantors party thereto and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated as of February 24, 2021, the Second Supplemental Indenture dated as of March 9, 2021, the Officer's Certificate dated as of February 24, 2021 and by the Global Security for the 7.250% Senior Notes due 2025, as further amended or supplemented (the “Indenture”) governing The New Home Company's 7.250% Senior Notes due 2025 (the “Notes”) in connection with the previously announced solicitation of consents (the “Consent Solicitation”) from holders of the Notes.
- 08/04/2021
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Apollo second-quarter earnings more than double on strong asset sales
- Apollo Global Management Inc said on Wednesday its second-quarter distributable earnings more than doubled thanks to a surge in profits from asset sales in its private equity, credit and real estate businesses.
- 08/04/2021
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Apollo Global Management, Inc. Reports Second Quarter 2021 Results
- NEW YORK, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2021.
- 08/04/2021
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Apollo Funds to Acquire U.S.-Based Telecom Platform from Lumen Technologies
- Transaction to accelerate fiber build to millions of American homes and businesses
- 08/03/2021
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Lumen to sell local incumbent carrier operations in 20 states to Apollo Funds for $7.5 billion
- DENVER, Aug. 3, 2021 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced it has entered into a definitive agreement to sell its ILEC (incumbent local exchange carrier) business, including its consumer, small business, wholesale and mostly copper-served enterprise customers and assets, in 20 states to funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (the "Apollo Funds") for $7.5 billion, including debt assumption of approximately $1.4 billion, and subject to working capital and various other purchase price adjustments. Under the terms of the transaction, Lumen will retain its ILEC assets in 16 states, as well as its national fiber routes and CLEC (competitive local exchange carrier) networks1 as it delivers the fastest, most-secure platform for next-gen business applications and data.
- 08/03/2021
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Apollo Hybrid Value Funds Invest in Leading Asia-Based Businesses
- Equity investments in JSW Cement Ltd. and Global Schools Group to Fuel Growth Plans Equity investments in JSW Cement Ltd. and Global Schools Group to Fuel Growth Plans
- 08/02/2021
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Apollo Infrastructure Funds Invest $200 Million in FirstDigital Telecom
- Preferred Equity Investment Supports FirstDigital's Acquisition of Veracity Networks and Broader Expansion Preferred Equity Investment Supports FirstDigital's Acquisition of Veracity Networks and Broader Expansion
- 07/29/2021
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Apollo Global (APO) Sees Hammer Chart Pattern: Time to Buy?
- Apollo Global Management (APO) has been struggling lately, but the selling pressure may be coming to an end soon.
- 07/29/2021
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Figure Completes $200 Million Series D
- SAN FRANCISCO--(BUSINESS WIRE)--Figure Technologies, Inc. (Figure™), a leader in transforming financial services through the power of blockchain technology, officially closed its Series D fundraise of $200 million at a $3.2 billion valuation, welcoming new investors including entities and funds managed and/or advised by affiliates of Apollo Global Management, Inc., Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Dig
- 07/28/2021
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Newport Merger Sub, Inc. announces consent solicitation for The New Home Company Inc.'s 7.250% Senior Notes due 2025
- NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Newport Merger Sub, Inc. (the “Merger Sub”), an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”), announced that it has commenced a solicitation of consents (the “Consent Solicitation”) from holders of The New Home Company Inc.'s 7.250% Senior Notes due 2025 (the “Notes”) to certain proposed amendments to the Indenture, dated as of October 28, 2020, by and among The New Home Company Inc. (“The New Home Company”), the guarantors party thereto and U.S. Bank National Association as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated as of February 24, 2021, the Second Supplemental Indenture dated as of March 9, 2021, the Officer's Certificate dated as of February 24, 2021 and by the Global Security for the 7.250% Senior Notes due 2025, as further amended or supplemented (the “Indenture”).
- 07/26/2021
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NEW HOME COMPANY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The New Home Company - NWHM
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The New Home Company (NYSE: NWHM) to funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of New Home will receive only $9.00 in cash for each share of New Home that they own. KSF is seeking to determine whether this consideration
- 07/23/2021
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Apollo Global Management Announces Date For 2021 Annual Meeting of Stockholders
- NEW YORK, July 23, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (the “Company” and together with its consolidated subsidiaries, "Apollo") announced today that its 2021 Annual Meeting of Stockholders (“Annual Meeting”) will be held on October 1, 2021, at 9:30 a.m., Eastern Daylight Time. The record date for the meeting is August 5, 2021. The Annual Meeting will be held virtually as a result of continuing concerns surrounding the COVID-19 pandemic.
- 07/23/2021
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Former Apollo CEO Leon Black admits to affair and 'extremely poor judgment' but denies abuse
- Leon Black, co-founder and former CEO of Apollo Global Management, responded Monday to a lawsuit accusing him of forcing a woman into an abusive relationship for years. He said the only thing he is guilty of is "extremely poor judgment in entering into an affair."
- 07/19/2021
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Apollo Funds Complete Acquisition of EmployBridge
- Nation's Largest Industrial Staffing Company Poised for Accelerated Growth in High-Demand Market Nation's Largest Industrial Staffing Company Poised for Accelerated Growth in High-Demand Market
- 07/19/2021
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Top Ranked Income Stocks to Buy for July 16th
- BKR, HESM, APO, and BBY made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 16, 2021
- 07/16/2021
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Why the Timing Couldn't Be Better for 5G
- Fast internet has become absolutely essential to our daily lives. Here's why that bodes well for 5G right now.
- 07/16/2021
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Lumen Getting More Interesting
- Lumen Getting More Interesting
- 07/15/2021
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It Was Definitely a Noisy Year, Says Apollo's New CEO Rowan
- Jul.15 -- Apollo Global Management Inc. co-founder and newly minted CEO Marc Rowan talks about how he plans to transform the business. He spoke to Bloomberg's Jason Kelly in a wide-ranging interview for Bloomberg Live's Invest Talks series.
- 07/15/2021
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Intrado Digital Media Introduces Matchmaking for Enhanced Event Engagement
- Powered by artificial intelligence, matchmaking creates more personalized networking experiences for event attendees while providing engagement metrics to marketers and organizers Powered by artificial intelligence, matchmaking creates more personalized networking experiences for event attendees while providing engagement metrics to marketers and organizers
- 07/14/2021
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Behind the Numbers: The GF Value Chart
- The GuruFocus site gathers together a wide variety of information and calculations that investors can use to help determine whether or not investing in a specific stock is the right choice for them.
- 07/13/2021
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Apollo In Talks To Acquire Lumen's Assets In An Over $5B Deal: Bloomberg
- Apollo Global Management Inc (NYSE: APO) discussed acquiring a portfolio of assets from communications infrastructure provider Lumen Technologies Inc (NYSE: LUMN), Bloomberg reports. Apollo aims to acquire Lumen's consumer operations in certain U.S. states in a transaction valued at over $5 billion.
- 07/13/2021
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Apollo Names David Krone Global Head of Public Policy
- NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced the appointment of David Krone as Senior Partner and Global Head of Public Policy. In this new role, Mr. Krone will support the firm's leadership in key areas, work to assess geopolitical trends, and advance Apollo's thought leadership on key public policy issues to drive economic growth. He will oversee and direct engagement with policymakers and will also serve as an advisor to Apollo funds' various portfolio companies.
- 07/13/2021
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Did This Casino's Big Bet on Asia Just Go Bust?
- U.S. gambling markets are looking much more attractive at the moment.
- 07/12/2021
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Sunlight Financial Completes Business Combination, Will Begin Trading on NYSE as ‘SUNL'
- NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunlight Financial (“Sunlight”), a premier, technology-enabled point-of-sale financing company, today announced the closing of its previously-announced business combination (the “Business Combination”) with Spartan Acquisition Corp. II (“Spartan”) (NYSE:SPRQ), a publicly-traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, “Apol
- 07/09/2021
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Apollo Global Management to Announce Second Quarter 2021 Financial Results and Host Conference Call on August 04, 2021
- NEW YORK, July 07, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the second quarter 2021 on Wednesday, August 04, 2021, before the opening of trading on the New York Stock Exchange. Management will host a conference call to review Apollo's financial results on the same day at 8:30 a.m. ET. The conference call may be accessed by dialing (833) 614-1406 (U.S. domestic) or +1 (914) 987-7127 (international), and providing conference call ID 2704008 when prompted by the operator. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Stockholders section of Apollo's website at www.apollo.com.
- 07/07/2021
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Apollo (APO) Partners With Motive to Benefit From Fintech
- Innovation is core to Apollo's (APO) growth trajectory and this deal with Motive Partners highlights its aim to be an avant-garde in technological competencies for its global financial business.
- 07/06/2021
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Apollo says it is evaluating a possible bid to takeover Morrisons
- Apollo Global Management expressed plans of hopping onto the battle for WM Morrisons Supermarket plc (LON: MRW) on Friday after it failed to acquire peer Asda last year. Morrisons shares opened about 12% up on Monday and remained almost flat throughout the day.
- 07/05/2021
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Three US private equity groups circle UK supermarket
- Morrisons has become a takeover target for three major American private equity groups amid strong investor appetite for UK assets that could spark a bidding war for Britain's fourth biggest supermarket chain.
- 07/05/2021
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Factbox-The $9 billion battle for Britain's Morrisons
- An $8.7 billion bid battle for Britain's Morrisons heated up on Monday when a third private equity group entered the fray and the supermarket group's share price raced ahead of the value of an offer it recommended on Saturday.
- 07/05/2021
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Apollo joins Softbank-backed Fortress in race to buy British supermarket chain
- WM Morrison, Britain's fourth-largest supermarket chain, could be about to become the target of an international bidding war.
- 07/05/2021
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Apollo Global joins battle for Britain's Morrisons
- The $8.7 billion bid battle for Britain's fourth largest supermarket group Morrisons ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray.
- 07/05/2021
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In Line with its Strategy, Cascades Announces the Monetization of its Controlling Interest in RDM Group
- KINGSEY FALLS, QC, July 5, 2021 /PRNewswire/ - Cascades Inc. (TSX: CAS) (the "Company") is pleased to announce that it has entered into an agreement with an affiliate of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") to sell its 57.6% equity interest in Reno De Medici S.p.A. (BIT: RM) ("Reno de Medici", or "RDM") for an all-cash price of €1.45 per share, corresponding to a total net cash consideration of approximately €315.3 million (approximately CAN$461 million).
- 07/05/2021
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Apollo Impact to Acquire Approx. 67% Stake in RDM Group, Leading European Producer of Recycled Cartonboard
- Transaction to be followed by tender offer to de-list RDM group
- 07/05/2021
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Apollo and Motive Partners Form Strategic Partnership to Capitalize on Fintech Transformation
- Apollo Forms Strategic Innovation Partnership with Motive Create, Acquires Minority Stake in Motive's Management Company Apollo Forms Strategic Innovation Partnership with Motive Create, Acquires Minority Stake in Motive's Management Company
- 07/01/2021
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7 Large-Cap Stocks to Buy Now for Growth and Momentum
- Investors are always looking for large-cap stocks to buy as they possess many advantages, including stability and reasonable valuations. The post 7 Large-Cap Stocks to Buy Now for Growth and Momentum appeared first on InvestorPlace.
- 07/01/2021
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AWH Partners and Funds Managed by Apollo Global Management Acquire DoubleTree by Hilton Hotel Anaheim - Orange County
- NEW YORK, June 29, 2021 /PRNewswire/ -- AWH Partners, LLC and funds managed by a subsidiary of Apollo Global Management, Inc. (NYSE:APO) have acquired DoubleTree by Hilton Hotel Anaheim - Orange County . As a result of the deal, Spire Hospitality has taken over management of the property from Hilton Worldwide Holdings Inc. The financial terms of the transaction were not disclosed.
- 06/29/2021
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ABC Technologies Holdings Inc. Announces the Closing of Majority Stake Sale to Funds Managed by Apollo Global Management
- TORONTO--(BUSINESS WIRE)--ABC Technologies Holdings Inc. (TSX:ABCT) (“ABC Technologies”, “ABC” or the “Company”) announced today the closing of the previously announced transaction involving the sale of a majority stake in the Company by ABC Group Canada LP (“ABC LP”), an affiliate of funds managed by Cerberus Capital Management, L.P. (“Cerberus”) to certain investment funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (“Apollo”), pursuant to a share p
- 06/24/2021
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The Apollo-Athene Merger Will Unlock Value
- Apollo and Athene are expected to close their all-stock tax-free merger in early 2022. Both companies have been successful since their IPOs but Athene's success is not reflected in its stock price.
- 06/23/2021
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Intrado Commences Offer to Purchase up to $100 million of 8.50% Senior Notes due 2025
- ISLANDIA, N.Y., June 22, 2021 (GLOBE NEWSWIRE) -- Intrado Corporation (the “Company” or “Intrado”), a global leader in technology-enabled services, today announced that it has commenced an offer to purchase for cash (the “Asset Sale Offer”) up to $100.0 million (the “Offer Amount”) of the Company's outstanding 8.50% Senior Notes due 2025 (the “Notes”), at a price equal to 100% of the aggregate principal amount of such Notes, plus accrued and unpaid interest to, but excluding, the settlement date. The Asset Sale Offer is being made pursuant to the indenture governing the Notes (the “Indenture”) and an Offer to Purchase, dated June 22, 2021, which more fully set forth the terms and conditions of the Asset Sale Offer.
- 06/22/2021
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Intrado Completes Divestiture of Health Advocate
- ISLANDIA, N.Y., June 22, 2021 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, today announced it has completed the previously announced sale of its Health Advocate business to Teleperformance. The sale of this business will allow Intrado to further focus on its remaining cloud-based technology and next generation solutions.
- 06/22/2021
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New Apollo director says he's stepping down over ‘conflict of interest'
- Earlier this month, the private-equity giant revealed in a little-noticed securities filing that Siddhartha Mukherjee "will not stand for reelection."
- 06/21/2021
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Apollo Global: Athene Merger Is The Right Strategy
- Apollo's merger with Athene was the logical next step in firm's permanent capital strategy.
- 06/21/2021
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IPO Watchlist: 5 Hot New Stocks to Buy When They Go Public in 2021
- IPOs went out of style in 2020, but they will come roaring back this year, meaning there are excellent upcoming new stocks to buy. The post IPO Watchlist: 5 Hot New Stocks to Buy When They Go Public in 2021 appeared first on InvestorPlace.
- 06/17/2021
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Platinum Equity to buy McGraw Hill from Apollo for $4.5 billion
- (Reuters) -Billionaire Tom Gores' private equity firm Platinum Equity would acquire textbook publishing and educational technology company McGraw Hill for $4.5 billion from Apollo Global Management Inc, the companies said on Tuesday.
- 06/15/2021
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Platinum Equity To Acquire McGraw Hill From Apollo Funds For $4.5 Billion
- LOS ANGELES and NEW YORK, June 15, 2021 /PRNewswire/ -- Platinum Equity announced today that it has entered into a definitive agreement to acquire McGraw Hill, a global leader in educational content and digital platforms, from funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") for a purchase price of approximately $4.5 billion. Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals and companies.
- 06/15/2021
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Apollo Funds Commit up to $500M to Victory Park Capital's Growth Lending Strategy
- New Lending Relationship Focused on Amazon and E-Commerce Aggregators
- 06/14/2021
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Apollo Launches Apollo HBCUNet, a Career Portal Dedicated to Increasing Opportunity and Access for HBCU Students and Alumni
- New platform powered by CareerBuilder aims to strengthen pathways and diversify talent pipeline across the Apollo Network New platform powered by CareerBuilder aims to strengthen pathways and diversify talent pipeline across the Apollo Network
- 06/08/2021
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Funds Managed by Affiliates of Apollo Global Management to Acquire Total Operations and Production Services (TOPS) from Black Bay Energy Capital
- Transaction to Further Accelerate Company's Growth as Market Leader in Environmentally Friendly, Low-Emission, Electrically Driven Contract Compression for the Oil and Gas Industry Transaction to Further Accelerate Company's Growth as Market Leader in Environmentally Friendly, Low-Emission, Electrically Driven Contract Compression for the Oil and Gas Industry
- 06/08/2021
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Apollo to Present at Morgan Stanley's Virtual Financials, Payments and CRE Conference
- NEW YORK, June 04, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), today announced that James Zelter, Co-President and Chief Investment Officer, Credit, will present at Morgan Stanley's Virtual Financials, Payments and CRE Conference on Tuesday, June 15, 2021 at 11:45 am ET.
- 06/04/2021
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EmployBridge to be Acquired by Apollo Funds
- Transaction Expected to Accelerate Growth and Expand Capabilities Transaction Expected to Accelerate Growth and Expand Capabilities
- 06/03/2021
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5 Best Value Stocks to Get Your Hands on for June
- Value stocks may be out of fashion due to the growth players out there. However, they offer much-needed stability at a steep discount.
- 06/03/2021
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How Jeffrey Epstein led to fallout at Apollo Global Management
- Jeffrey Epstein was a key reason for tensions at the top of Apollo Global Management that recently spurred the exit of two of its three remaining co-founder.
- 05/24/2021
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Apollo Co-Founder Josh Harris to Step Down from Day to Day Role upon Completion of Athene Merger
- NEW YORK, May 20, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (“Apollo” or “the firm”) (NYSE: APO) today announced that Co-Founder Josh Harris has decided to step down from his day-to-day role at the firm to return to his roots as an investor and entrepreneur. Mr. Harris will continue to serve on Apollo's Board of Directors and Executive Committee of the Board. The effective date of Mr. Harris' transition will coincide with Apollo's combination with Athene (NYSE: ATH) expected to close in the first quarter of 2022.
- 05/20/2021
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Are Telecom-Media Conglomerates a Thing of the Past?
- The concept of 'bigger is better' has ceased to gain precedence and the era of telecom-media conglomerates seems to be as good as over as companies are gradually evolving into more focused and nimbler entities.
- 05/18/2021
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Redbox to Become Publicly Traded Company Through Business Combination with Seaport Global Acquisition Corp.
- NEW YORK, May 17, 2021 /PRNewswire/ -- Redbox, America's destination for affordable new-release movies and entertainment, announced today that it has entered into a definitive agreement to combine with Seaport Global Acquisition Corp. (Nasdaq: "SGAM", "SGAMU," and "SGAMW") ("Seaport Global Acquisition"), a publicly traded special purpose acquisition company. The transaction will result in Redbox becoming a publicly traded company with an enterprise value of $693 million.
- 05/17/2021
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Grupo Comercial Chedraui Announces the Acquisition of Smart & Final
- MEXICO CITY & COMMERCE, Calif.--(BUSINESS WIRE)-- #grocery--Grupo Comercial Chedraui subsidiary, Bodega Latina Corporation has agreed to acquire Smart & Final Holdings, Inc. from Apollo Global Management, Inc.
- 05/13/2021
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3 Stocks Trading Below the Peter Lynch Earnings Line
- Value investors could be interested in the following three stocks, since their share prices are trading below their respective Peter Lynch earnings lines. This suggests they could be undervalued.
- 05/13/2021
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Pioneer Natural Resources Announces Secondary Offering of 6,000,000 Shares of Common Stock by Selling Stockholders
- DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Announces Secondary Offering of 6,000,000 Shares of Common Stock by Selling Stockholders
- 05/10/2021
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Apollo Global Management: Transformative Merger With Athene On The Horizon
- Apollo is buying the 65% of Athene that it doesn't already own in a multi-billion dollar all-stock deal. Apollo's acquisition of Athene is driving a significant transformation of the company.
- 05/09/2021
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Apollo Sees Opportunities Amid Pandemic Recovery: CIO Zelter
- May.05 -- James Zelter, Apollo Global Management CIO and co-president, says Apollo still loves the distressed debt business and explains why the company likes SPACs. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets: The Close.
- 05/05/2021
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Apollo's co-head of private equity on $5 billion bet on Verizon Media
- CNBC's Leslie Picker discusses Apollo's recent deals, including $5 billion bet on Verizon Media, with David Sambur, co-head of private equity at Apollo.
- 05/04/2021
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Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q1 2021 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (APO) CEO Marc Rowan on Q1 2021 Results - Earnings Call Transcript
- 05/04/2021
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Verizon-Apollo deal: Sale allows Verizon to shed the media business: Analyst
- Dave Heger, Edward Jones Sr. Equity Analyst joins the Yahoo Finance Live panel to discuss Verizon Media being sold to private equity firm Apollo. Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 05/04/2021
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Verizon (VZ) Selling Media Business (Yahoo And AOL) To Apollo (APO) In $5 Billion Deal
- Today Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) announced that funds managed by affiliates of Apollo entered into an agreement to buy Verizon Media for $5 billion. These are the details.
- 05/03/2021
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Verizon Selling Yahoo and AOL to Apollo Global Management
- On Monday, Verizon Communications Inc. ( VZ , Financial) announced an agreement to sell Verizon Media, including Yahoo and AOL, to Apollo Global Management Inc. ( APO , Financial) for a total sum of $5 billion.
- 05/03/2021
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Verizon CEO memo: Apollo to focus on commerce, content and betting with new Yahoo business
- With Verizon's long-anticipated sale of its media business now finally in progress — by way of a deal, announced earlier today, with private equity firm Apollo paying $5 billion for Yahoo, AOL, and the many various internet brands and services that are part of the operation (including us, TechCrunch) — the next very likely question […]
- 05/03/2021
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AOL, Yahoo Offloaded by Verizon for $5 Billion
- This effectively takes Verizon out of the media business.
- 05/03/2021
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Verizon offloads Yahoo and AOL in $5 billion deal
- Verizon is exiting the media business, announcing Monday that it's selling the unit for $5 billion to private equity firm Apollo Global Management.
- 05/03/2021
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Verizon to sell its media unit to Apollo for £3.61 billion
- Verizon Communications Inc. (NYSE: VZ) said on Monday it will sell its media unit, including AOL and Yahoo, to Apollo Global Management (NYSE: APO) for £3.61 billion. The private equity company will call the business “Yahoo” upon completion of the transaction, which is expected this year in the second half.
- 05/03/2021
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Verizon confirms $5 billion sale of its media business to Apollo
- Verizon Communications Inc. confirmed Monday that it plans to sell its media business to Apollo Funds in a $5 billion deal.
- 05/03/2021
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Apollo acquires Verizon's Yahoo, AOL businesses for $5B
- Private equity firm Apollo Global Management has acquired Verizon's media group for $5 billion, the two companies announced Monday.
- 05/03/2021
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Verizon Selling AOL, Yahoo To Apollo Global Management
- The media company is selling two of its media properties for $5 billion.
- 05/03/2021
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Verizon Sells Media Assets Led By Yahoo To Apollo Global Management For $5 Billion
- Verizon said Monday it's clinched a deal to sell its media assets to Apollo Global Management and related entities for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. Verizon Media brands are...
- 05/03/2021
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Apollo to acquire Verizon's media assets for $5 billion
- Apollo Global Management Inc has agreed to buy the media assets of Verizon Communications Inc for $5 billion, the U.S wireless carrier said on Monday.
- 05/03/2021
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Private equity firm Apollo agrees to buy Verizon Media assets for $5 billion
- Following several days of negotiation and rumors, Verizon today announced that it has entered an agreement to sell its media assets to private equity firm Apollo Global Management for $5 billion. The deal includes $4.25 billion in cash and preferred interests of $750 million.
- 05/03/2021
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Verizon sells Yahoo and AOL businesses to Apollo for $5 billion
- The sale indicates Verizon will focus on its internet-provider businesses as rivals continue to explore media.
- 05/03/2021
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Apollo nears deal to buy Verizon's media assets - source
- Apollo Global Management Inc is close to buying the media assets of Verizon Communications Inc in a deal that could be valued close to $5 billion, a source familiar with the matter told Reuters.
- 05/02/2021
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Apollo Hybrid Value to Invest in Standard Industries Holdings' Acquisition of Grace
- Investment Leverages Industry Experience Investment Leverages Industry Experience
- 04/30/2021
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ATHENE HOLDING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Athene Holding Ltd. - ATH
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Athene Holding Ltd. (NYSE: ATH) to Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Athene will receive only 1.149 shares of Apollo for each share of Athene that they own. KSF is seeking to determine whether this consideration and the process that led to
- 04/29/2021
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25madison Announces Closing of Latest Funding Round
- NEW YORK, April 29, 2021 /PRNewswire/ -- 25madison, a leading venture studio and incubator, today announced that it has closed on its latest funding round. Apollo Global Management, Inc. (NYSE: APO), the global alternative investment manager, Endeavor and a number of prominent high net worth individuals and family offices are among investors backing the venture studio's focus on building early-stage companies.
- 04/29/2021
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Apollo Global Management to Announce First Quarter 2021 Financial Results
- NEW YORK, April 28, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it will host a conference call to review Apollo's financial results on Tuesday, May 04, 2021 at 8:30 a.m. EST as previously stated. The Company has amended the timing of releasing its first quarter 2021 results to Tuesday, May 04, 2021 at 7 a.m. EST.
- 04/28/2021
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SHAREHOLDER ALERT: WeissLaw LLP Investigates Hilton Grand Vacations Inc.
- NEW YORK, April 28, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hilton Grand Vacations Inc. ("Hilton" or the "Company") (NYSE: HGV) in connection with the Company's proposed acquisition of Diamond Resorts International, Inc. ("Diamond") from funds managed by affiliates of Apollo Global Management, Inc. (the "Apollo Funds") (NYSE: APO). Under the terms of the merger agreement, Hilton will issue 34.5 million shares of common stock valued at $1.4 billion to the Apollo Funds and the other Diamond stockholders.
- 04/28/2021
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Intrado's OnSIP Wins 2021 Excellence in Customer Service Award from Business Intelligence Group
- OnSIP Awarded Organization of the Year in Telecommunications for third year in a row OnSIP Awarded Organization of the Year in Telecommunications for third year in a row
- 04/27/2021
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Leon Black leaves mark on Apollo with new directors with ties to him
- Leon Black may have maneuvered to enhance his clout on the board of Apollo Global Management ahead of a surprise Jan. 25 announcement that he was stepping down as CEO amid controversy over his ties to Jeffrey Epstein, The Post has learned. In a series of moves that are only now being questioned by some.
- 04/25/2021
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Apollo Funds to Acquire Majority Control of ABC Technologies Holdings Inc.
- TORONTO--(BUSINESS WIRE)--ABC Technologies Holdings Inc. (TSX: ABCT) (“ABC Technologies”, “ABC” or the “Company”) announced today that its majority shareholder, ABC Group Canada LP (“ABC LP”), an affiliate of funds managed by Cerberus Capital Management, L.P., (“Cerberus”) has entered into a share purchase agreement (the “Agreement”), with certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) to sell a majority stake in the Company to
- 04/13/2021
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First National Bank Sioux Falls Buys BlackRock Taxable Municipal Bond Trust, Apollo Global.
- Sioux Falls, SD, based Investment company First National Bank Sioux Falls (Current Portfolio) buys BlackRock Taxable Municipal Bond Trust, Apollo Global Management Inc, Vanguard Small Cap Value ETF, Pfizer Inc, Simon Property Group Inc, sells Berkshire Hathaway Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, First National Bank Sioux Falls. As of 2021Q1, First National Bank Sioux Falls owns 84 stocks with a total value of $56 million.
- 04/12/2021
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Apollo Global Management to Announce First Quarter 2021 Financial Results
- NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the first quarter 2021 on Monday, May 03, 2021, after the closing of trading on the New York Stock Exchange. Management will host a conference call to review Apollo's financial results on Tuesday, May 04, 2021 at 8:30 a.m. ET. The conference call may be accessed by dialing (833) 614-1406 (U.S. domestic) or +1 (914) 987-7127 (international), and providing conference call ID 5576528 when prompted by the operator. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Stockholders section of Apollo's website at www.apollo.com.
- 04/12/2021
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RE Royalties: The Market Has Completely Missed This ESG Play
- RE Royalties: The Market Has Completely Missed This ESG Play
- 04/09/2021
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Apollo Announces Extension of the Tender Offer for Shares of The Michaels Companies
- NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- Magic MergeCo, Inc. (the “Purchaser”), an entity controlled by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), a leading global alternative investment manager, and The Michaels Companies, Inc. (“Michaels”) (Nasdaq: MIK) today announced an agreement to extend the offering period of the previously commenced cash tender offer by the Purchaser to purchase all of the issued and outstanding shares of common stock of Michaels to 5:00 P.M., New York City time, on April 14, 2021, unless further extended. The tender offer was previously scheduled to expire one minute after 11:59 P.M., New York City time, on April 12, 2021.
- 04/08/2021
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Leon Black's surprise Apollo Global exit came amid sexual harassment allegation
- Leon Black's surprise exit from the helm of Apollo Global Management last month came just days after several directors on the private-equity giant's board learned of accusations of sexual harassment against him by a woman he claimed was trying to shake him down following a past “consensual affair,” The Post has learned. Black was already.
- 04/08/2021
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One River Digital Asset Management welcomes Jay Clayton, Kevin Hassett and Jon Orszag to newly formed Academic and Regulatory Advisory Council
- GREENWICH, Conn., March 29, 2021 /PRNewswire/ -- One River Digital Asset Management (together with its parent, One River Asset Management) announced that is welcoming Jay Clayton, Kevin Hassett, and Jon Orszag to the firm's Academic and Regulatory Advisory Council effective immediately.
- 03/29/2021
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Intrado Life & Safety Launches Spatial Command & Control for Map-based 911 Call Handling
- New Geographic Information System (GIS) mapping solution provides a flexible geospatial interface with authoritative location data and call handling integration to improve 911 incident response New Geographic Information System (GIS) mapping solution provides a flexible geospatial interface with authoritative location data and call handling integration to improve 911 incident response
- 03/24/2021
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What's Next for Apollo Global Management?
- Mar.22 -- Leon Black is stepping down as chief executive officer and chairman of Apollo Global Management Inc. months ahead of schedule. Co-founder Marc Rowan has taken over as CEO, Jay Clayton was named non-executive chairman.
- 03/22/2021
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SHAREHOLDER ALERT: WeissLaw LLP Investigates SYNNEX Corporation
- NEW YORK, March 22, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SYNNEX Corporation ("SYNNEX" or the "Company") (NYSE: SNX) in connection with the proposed acquisition of the Company by Tech Data, which is wholly owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo Funds"). Upon consummation of the transaction, the Company's shareholders will own approximately 55% of the combined entity, with Apollo Funds owning approximately 45%.
- 03/22/2021
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Leon Black unexpectedly quits Apollo investment firm after Epstein inquiry
- Review showed that former Apollo chief paid Epstein $148m for his financial advising services and donated $10m to his charity
- 03/22/2021
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Billionaire Leon Black quits Apollo Global amid Jeffrey Epstein controversy
- Yahoo Finance's Julia La Roche breaks down the details of Leon Black stepping down as Apollo CEO amid Epstein investigation.
- 03/22/2021
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Jim Cramer on Leon Black leaving Apollo completely
- Apollo Global Management said Monday that CEO Leon Black, who was tarnished by his financial involvement with the late sexual predator Jeffrey Epstein, has left the firm months earlier than previously announced. CNBC's Jim Cramer and David Faber discuss.
- 03/22/2021
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Leon Black is out as Apollo CEO and chair 2 months after an investigation into his relationship with Jeffrey Epstein. Here's what the Wall Street billionaire paid the disgraced financier $159 million for.
- Editor's note: This story was originally published on January 27, 2021 and has been updated to reflect Leon Black's early exit from Apollo. From 1:1 breakfast business meetings to family trips to the Caribbean, Jeffrey Epstein maintained a close personal relationship with billionaire Apollo Global Management CEO Leon Black for more than 20 years.
- 03/22/2021
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Marc Rowan Assumes Role of CEO of Apollo
- Jay Clayton Named Non-Executive Chair of Board; Richard Emerson and Dr. Kerry Healey Appointed Independent Directors Jay Clayton Named Non-Executive Chair of Board; Richard Emerson and Dr. Kerry Healey Appointed Independent Directors
- 03/22/2021
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Apollo Announces Commencement of the Tender Offer for All Outstanding Shares of The Michaels Companies
- NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries “Apollo”) announced today that its affiliate, Magic MergeCo, Inc. (“Purchaser”), commenced the previously announced cash tender offer for all of the issued and outstanding shares of common stock of The Michaels Companies, Inc. (Nasdaq: MIK) (“Michaels”) at a price of $22.00 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The tender offer is being made pursuant to the merger agreement (the “Merger Agreement”) executed on March 2, 2021 and announced by Apollo and Michaels on March 3, 2021, under which Purchaser will acquire Michaels in a transaction valued at approximately $5.0 billion. Purchaser and its parent company, Magic AcquireCo, Inc. (“Parent”), are wholly owned subsidiaries of Apollo.
- 03/16/2021
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These 2 Recovery Plays Helped the Stock Market Bounce Back
- Monday brought market volatility, but stocks ended up gaining ground in the end.
- 03/15/2021
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Apollo Global Management, Inc. (APO) Stock Jumps 5.1%: Will It Continue to Soar?
- Apollo Global Management, Inc. (APO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
- 03/12/2021
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THE MICHAELS COMPANIES INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of the Michaels Companies - MIK
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The Michaels Companies (NasdaqGS: MIK) to funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Michaels will receive only $22.00 in cash for each share of Michaels that they own. KSF is seeking to determine whether this consider
- 03/11/2021
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Health Advocate Receives NCQA Certification for HEDIS® Measures
- Repeat recognition validates commitment to quality analytics as foundation of e2H Health Insights Dashboard™ Repeat recognition validates commitment to quality analytics as foundation of e2H Health Insights Dashboard™
- 03/11/2021
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Are There Too Many Casinos in Las Vegas?
- The industry may fail to bounce back until demand returns, which could be a very long time from now.
- 03/10/2021
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Apollo (APO)-Athene (ATH) Merger to Create $29 Billion Firm
- The merger of Apollo (APO) and Athene (ATH) is expected help Apollo generate double of its 2020 earnings, post completion.
- 03/09/2021
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Apollo is taking full ownership of Athene. Here's how the mega insurance deal is part of a push to overhaul the PE giant's tarnished image.
- Apollo Global Management's proposed acquisition of longtime affiliate Athene Holding Ltd. will create a $29 billion conglomerate — and put to rest conflict-of-interest questions, according to analysts. If approved by shareholders, the deal, announced Monday, will usher the marriage of increasingly interconnected businesses.
- 03/08/2021
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AMG vs. APO: Which Stock Should Value Investors Buy Now?
- AMG vs. APO: Which Stock Is the Better Value Option?
- 03/08/2021
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The Story Behind Apollo's $11 Billion Takeover of Athene
- Mar.08 -- Bloomberg's Sonali Basak discusses Apollo Global Management's $11 billion acquisition of Athene Holding Ltd. She speaks on "Bloomberg Markets.
- 03/08/2021
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Apollo and Athene to Merge in All-Stock Transaction
- Apollo to Move to Single Share Class with “One Share, One Vote ”
- 03/08/2021
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ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Apollo Global Management, Inc. and Encourages Investors with Losses to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - March 4, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Apollo Global Management, Inc. ("Apollo" or "the Company") (NYSE: APO) for potential breaches of fiduciary duty on the part of its directors and management.If you are a shareholder, click here to participate.We also encourage you to contact Brian Schall of the Schall Law Firm, 2049...
- 03/04/2021
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How Apollo Global Management (APO) Stock Stands Out in a Strong Industry
- Apollo Global Management (APO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/04/2021
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Private equity firm acquires Michaels in $5 billion deal
- Private equity giant Apollo Global Management is acquiring arts and crafts retailer Michaels in a $5 billion deal.
- 03/03/2021
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Why Michaels Companies Stock Soared Today
- An investment management firm is paying shareholders to take the company private.
- 03/03/2021
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Crafts retailer Michaels to be acquired by Apollo for $3.3 billion
- Arts-and-crafts retailer Michaels said it has agreed to be acquired by private equity giant Apollo Global Management in a deal that values the company at $3.3 billion. The going-private transaction values Michaels' outstanding stock at $22 a share, a 47 percent premium to the closing price on Feb. 26, the last trading day before the.
- 03/03/2021
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Michaels Acquired By Apollo Global Management For $3.3B
- The Michaels Companies Inc (NASDAQ: MIK) has been acquired by Apollo Global Management Inc. (NYSE: APO) for $3.3 billion. What Happened: Michaels, which has more than 1,200 stores and a 44,000-person workforce, has seen its fortune uptick during the COVID-19 pandemic, with many people turning to arts and crafts as a means of passing time during the stay-at-home edicts.
- 03/03/2021
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Michaels to be taken private in $3.3 billion deal
- Arts-and-crafts retailer Michaels Cos. Inc. announced Wednesday that it has entered into an agreement with Apollo Global Management Inc. , taking the company private.
- 03/03/2021
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Crafts retailer Michaels Companies to be bought by Apollo Global in $5 billion deal
- Crafts retailer Michaels said it had entered into an agreement to be bought by the private-equity firm Apollo Global Management in a deal valued at $5 billion.
- 03/03/2021
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Apollo Funds to Acquire The Venetian Resort and Sands Expo and Convention Center Operating Company from Las Vegas Sands
- Apollo Funds to Acquire Operations of America's Premier Integrated Resort
- 03/03/2021
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Michaels Spikes On Report Of Potential Acquisition
- Shares of The Michaels Companies Inc. (NASDAQ: MIK) closed on a high note after a news report surfaced that the arts and crafts retailer is the object of potential acquisition by at least two private equity firms. What Happened: Apollo Global Management (NYSE: APO) and “at least one other private equity firm” have expressed interest in acquiring Michaels, according to a New York Times reported citing two anonymous "people familiar with the situation.
- 03/01/2021
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Apollo Global Management, Inc. - APO
- New York, New York--(Newsfile Corp. - March 1, 2021) - Levi & Korsinsky announces it has commenced an investigation of Apollo Global Management, Inc. (NYSE: APO) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/apollo-global-management-inc-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
- 03/01/2021
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APOLLO GLOBAL INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Apollo Global Management, Inc. - APO
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Apollo Global Management, Inc. (NYSE: APO). On October 12, 2020, The New York Times reported that the Company's CEO, Leon Black, had an extensive business relationship with convicted sex offender Jeffrey Epstein, including at least $75 million in payments that Mr. Black had paid Eps
- 02/26/2021
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Apollo Global Management Remains An Investment Deity
- Apollo Global Management Remains An Investment Deity
- 02/25/2021
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DISH Selects Intrado to Deliver First Cloud-Native 5G Wireless 911 Call Routing Solution
- Agreement for wireless 911 services marks key milestone in DISH's network deployment Agreement for wireless 911 services marks key milestone in DISH's network deployment
- 02/25/2021
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Apollo Global: Insurer Asset Fees Will Drive Stock Higher
- Pursuing a variation of Buffett's Geico strategy will provide strong growth. Last year's drop in performance fees looks temporary.
- 02/25/2021
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Florida Department of Education Selects Intrado as Vendor for Alyssa's Law Project
- Intrado Safety Shield solution helps Florida schools comply with Alyssa's Law while offering a complete range of emergency response capabilities
- 02/23/2021
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Flowroute Rated Number One SIP Trunk Provider in Customer Satisfaction for the Third Time
- Customers selected Flowroute as the top-ranked SIP trunk vendor in customer satisfaction in a survey that evaluated 29 vendors including large Tier 1 carriers
- 02/22/2021
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Apollo to Present at the Credit Suisse Financial Services Forum
- NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), announced today that Marc Rowan, Co-Founder and Senior Managing Director, will present virtually at the Credit Suisse Financial Services Forum on Wednesday, February 24, 2021 at 1:50 p.m. ET.
- 02/18/2021
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Apollo Appoints Jay Clayton as Lead Independent Director
- Appointment is Latest Step in Firm's Corporate Governance Enhancements Appointment is Latest Step in Firm's Corporate Governance Enhancements
- 02/18/2021
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Athene and Funds Affiliated with Apollo to Sell AmeriHome to Western Alliance Bank
- Transaction Exemplifies Apollo and Athene's Differentiated Origination Strategy Transaction Exemplifies Apollo and Athene's Differentiated Origination Strategy
- 02/16/2021
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APOLLO GLOBAL INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Apollo Global Management, Inc. - APO
- NEW ORLEANS, Feb. 12, 2021 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Apollo Global Management, Inc. (NYSE: APO). On October 12, 2020,...
- 02/12/2021
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Spartan Acquisition Corp. III Announces Closing of $552,000,000 Initial Public Offering, Including Full Exercise of Underwriters' Option to Purchase Additional Units
- NEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Spartan Acquisition Corp. III (the “Company”) announced today the closing of its initial public offering (the “IPO”) of 55,200,000 units at a price of $10.00 per unit. This includes the exercise in full by the underwriters of their option to purchase up to an additional 7,200,000 units. The units are listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “SPAQ.U”. Each unit consists of one share of the Company's Class A common stock and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, which is expected to be on the 52nd day following the date of the final prospectus related to the offering, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “SPAQ” and “SPAQ.WS,” respectively.
- 02/11/2021
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Apollo Hybrid Value Invests in US Acute Care Solutions
- Preferred Equity Investment Facilitates Physician-Led Buyout Preferred Equity Investment Facilitates Physician-Led Buyout
- 02/09/2021
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Spartan Acquisition Corp. III Announces Pricing of Upsized $480,000,000 Initial Public Offering
- NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Spartan Acquisition Corp. III (the “Company”) announced today the pricing of its initial public offering (the “IPO”) of 48,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “SPAQ.U” beginning on February 9, 2021. Each unit consists of one share of the Company's Class A common stock and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “SPAQ” and “SPAQ.WS,” respectively. The offering is expected to close on February 11, 2021, subject to customary closing conditions.
- 02/08/2021
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Spartan Acquisition Corp. III Announces Launch of Initial Public Offering
- NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Spartan Acquisition Corp. III (the “Company”) announced today that it has commenced its initial public offering (the “IPO”) of 40,000,000 units at a price of $10.00 per unit. The Company intends to grant the underwriters a 45-day option to purchase up to an additional 6,000,000 units. Each unit issued in the IPO will consist of one share of the Company's Class A common stock and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The units are expected to be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “SPAQ.U.” Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “SPAQ” and “SPAQ.WS,” respectively.
- 02/08/2021
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Apollo Global Management, Inc. (APO) Management on Q4 2020 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (APO) Management on Q4 2020 Results - Earnings Call Transcript
- 02/03/2021
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Apollo Plans Board Overhaul as Earnings Top Estimates
- Feb.03 -- Apollo Global Management Inc. plans to overhaul its board in the wake of the fallout from co-founder Leon Black's business connection, co-founder Marc Rowan said on an earnings conference call Wednesday. Bloomberg's Sonali Basak has the latest on the shakeup and Apollo's fourth-quarter earnings on "Bloomberg Markets.
- 02/03/2021
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Apollo Global Management, Inc. Reports Fourth Quarter and Full Year 2020 Results
- NEW YORK, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the fourth quarter and full year ended December 31, 2020.
- 02/03/2021
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BEN vs. APO: Which Stock Should Value Investors Buy Now?
- BEN vs. APO: Which Stock Is the Better Value Option?
- 02/02/2021
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ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Apollo Global Management, Inc. and Encourages Investors with Losses to Contact the Firm
- LOS ANGELES, Feb. 1, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Apollo Global Management, Inc. ("Apollo" or "the Company") (NYSE: APO) for potential breaches of fiduciary duty...
- 02/01/2021
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APOLLO GLOBAL INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Apollo Global Management, Inc. - APO
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Apollo Global Management, Inc. (NYSE: APO). On October 12, 2020, The New York Times reported that the Company's CEO, Leon Black, had an extensive business relationship with convicted sex offender Jeffrey Epstein, including at least $75 million in payments that Mr. Black had paid Eps
- 01/29/2021
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Funds Managed by Affiliates of Apollo Global Management to Acquire Showa Denko's Aluminum Can and Aluminum Rolling Businesses
- Deal Marks Apollo's First Private Equity Investment in Japan as Firm Expands Investment Activity in the Region
- 01/28/2021
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Haeggquist & Eck, LLP Is Investigating Claims Against Apollo Global Management, Inc.'s Directors and Officers for Breach of Fiduciary Duty
- SAN DIEGO--(BUSINESS WIRE)---- $APO #HAElaw--Haeggquist & Eck, LLP Is Investigating Claims Against Apollo Global Management, Inc.'s Directors and Officers for Breach of Fiduciary Duty
- 01/27/2021
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Apollo Global Management, Inc. and Encourages Investors with Losses to Contact the Firm
- LOS ANGELES--(BUSINESS WIRE)---- $APO #APO--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Apollo Global Management, Inc.
- 01/27/2021
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Leon Black's $158M Jeffrey Epstein payout raises eyebrows
- Leon Black's nine-figure payout to convicted pedophile alleged sex trafficker Jeffrey Epstein has the legal world scratching its head. Black's con Monday revealed that its billionaire CEO and co-founder paid Epstein — who committed suicide in prison in August 2019 — $158 million between 2013 and 2017 for professional advice on tax.
- 01/26/2021
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Apollo's Leon Black Paid Jeffrey Epstein $158 Million
- Jan.26 -- A report released by law firm Dechert, commissioned by the board of investment firm Apollo Global Management Inc., found that its founder and chief executive officer Leon Black paid Jeffrey Epstein $158 million between 2012 and 2017 -- after the sex offender pleaded guilty to felony charges in 2008 -- for advisory services that helped expand the wealth of one of America's richest men. Apollo said in a statement Monday that Black will retire as CEO no later than July 31, while remaining chairman.
- 01/26/2021
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Apollo CEO Leon Black to resign after investigation reveals he paid $158 million to Jeffrey Epstein (APO)
- Apollo Global Management CEO Leon Black is stepping down following the results of an independent investigation into his relationship with Jeffrey Epstein, the firm announced Monday. "Chairman and CEO Leon Black has informed the Board of Directors that he will retire as CEO effective on or before July 31, 2021 consistent with best-in-class governance practices," Apollo said in a statement Monday, adding that co-founder Marc Rowan would take over as CEO, while Black would remain as Chairman.
- 01/25/2021
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Apollo's Leon Black To Retire, Cleared Of Criminal Wrongdoing In Epstein Probe
- Shares of private equity company Apollo Global Management Inc (NYSE: APO) are trading higher after several news pieces released at the market close Monday. What Happened: An independent outside counsel found that Jeffrey Epstein was never retained by Apollo.
- 01/25/2021
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Apollo's Leon Black to retire as CEO but remain chairman after he is cleared in internal Epstein probe
- Leon Black will retire as CEO of Apollo Global Management by the end of July, but will remain as its chairman, as the investment firm also revealed that a probe of the company's and Black's ties with sex criminal Jeffrey Epstein had found no wrongdoing.
- 01/25/2021
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Leon Black Will Step Down as Apollo CEO
- Jan.25 -- Leon Black will step down as chief executive officer of Apollo Global Management Inc. on or before July 31. Black will be succeeded by fellow founder Marc Rowan, the firm said.
- 01/25/2021
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Apollo Announces Review of Significant Governance Enhancements as Part of Continued Evolution and Institutionalization of the Firm and Leadership Transition
- New Directors Appointed and Board and Executive Committee to Consider Recommendations for Further Expansion, Simplified Voting Structure and Elimination of Executive Committee
- 01/25/2021
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Sunlight Financial SPAC Merger: 12 Things to Know About the Solar Play as SPRQ Stock Soars
- Sunlight Financial is preparing to go public via a SPAC merger with Spartan Acquisition II (SPRQ) and shares of SPRQ stock are soaring. The post Sunlight Financial SPAC Merger: 12 Things to Know About the Solar Play as SPRQ Stock Soars appeared first on InvestorPlace.
- 01/25/2021
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CARDTRONICS INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cardtronics plc - CATM
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cardtronics plc (NasdaqGS: CATM) to affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Cardtronics will receive only $35.00 in cash for each share of Cardtronics that they own. KSF is seeking to determine whether this consideration and the pro
- 01/22/2021
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Intrado Digital Media Reimagines Webcasting with Lobby Experience
- A fully branded pre and post-webcast destination to keep audiences engaged and informed A fully branded pre and post-webcast destination to keep audiences engaged and informed
- 01/21/2021
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BEN vs. APO: Which Stock Is the Better Value Option?
- BEN vs. APO: Which Stock Is the Better Value Option?
- 01/15/2021
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Apollo Global Management to Announce Fourth Quarter and Full Year 2020 Financial Results and Host Conference Call on February 03, 2021
- NEW YORK, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the fourth quarter and full year 2020 on Wednesday, February 03, 2021, before the opening of trading on the New York Stock Exchange. Management will host a conference call to review Apollo's financial results on the same day at 8:30 a.m. ET. The conference call may be accessed by dialing (833) 614-1406 (U.S. domestic) or +1 (914) 987-7127 (international), and providing conference call ID 9462279 when prompted by the operator. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Stockholders section of Apollo's website at www.apollo.com.
- 01/11/2021
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Intrado Launches Mosaic, an AI-Powered Customer Service Platform
- New artificial intelligence technology a customer service game-changer New artificial intelligence technology a customer service game-changer
- 01/06/2021
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Takkion Holdings Acquires Renew Energy, Inc
- FORT WORTH, Texas, Jan. 4, 2021 /PRNewswire/ -- Takkion Holdings LLC ("Takkion" or the "Company"), a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") and premier multimodal logistics and...
- 01/04/2021
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Apollo-Led Consortium to Acquire 49.9 Percent Interest in Anheuser-Busch InBev's US-Based Metal Container Plants
- Transaction Showcases Apollo's High Quality Investment and Corporate Solutions Platform Transaction Showcases Apollo's High Quality Investment and Corporate Solutions Platform
- 12/23/2020
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Intrado Acquires Asparia
- ISLANDIA, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, announced today that it has acquired Asparia, Inc., a leading provider of patient engagement solutions for health systems, hospitals, and medical practices.
- 12/22/2020
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Wells Fargo to Sell Student Loan Portfolio to PE Firms
- The $10 billion portfolio is the first of what could be several divestitures at the bank.
- 12/21/2020
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CARDTRONICS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cardtronics plc - CATM
- NEW ORLEANS, Dec. 16, 2020 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Cardtronics plc (NasdaqGS: CATM) to affiliates of Apollo Global Management, Inc. (NYSE: APO)....
- 12/16/2020
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Apollo Named to Newsweek's 2021 'America's Most Responsible Companies' List
- Firm is the Only Alternatives Manager to Obtain the Distinction Firm is the Only Alternatives Manager to Obtain the Distinction
- 12/16/2020
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Intrado Digital Media Launches Do-it-Yourself Offering: Virtual Event Express
- Virtual Event Express is a self-service solution that enables users to create fully branded, engaging virtual events in just a few hours Virtual Event Express is a self-service solution that enables users to create fully branded, engaging virtual events in just a few hours
- 12/07/2020
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US Wind Names Offshore Wind Pioneer Jeff Grybowski as CEO
- BALTIMORE--(BUSINESS WIRE)--Today, US Wind Inc. (“US Wind”) announced that it has named Jeffrey Grybowski as Chief Executive Officer. Grybowski will lead US Wind as the company embarks on development of a major offshore wind project off the coast of Maryland. In August, funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) committed to invest up to $265 million in convertible debt and equity to acquire an equity stake i
- 12/03/2020
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Intrado Digital Media Announces Third Annual Summit: A Virtual Event for Communicators
- Global event to be held December 11, 2020 on Intrado's virtual event platform Global event to be held December 11, 2020 on Intrado's virtual event platform
- 12/01/2020
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Apollo Global: Compelling Sum-Of-Parts Value
- Governance concerns around Apollo have significantly widened the price/value gap. Fundraising may take a short-term hit, but the long-dated capital base should give investors some comfort.
- 11/26/2020
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Intrado Announces New Virtual Patient Communication Solutions Targeting Telemedicine
- Company to offer interactive, secure communication tools to healthcare customers Company to offer interactive, secure communication tools to healthcare customers
- 11/17/2020
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Intrado Digital Media Announces Record-Breaking Increase in Webcasts and Virtual Events
- 2020 Benchmark report showing the massive impact of COVID-19 on the webcast and virtual event industry 2020 Benchmark report showing the massive impact of COVID-19 on the webcast and virtual event industry
- 11/16/2020
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Great Canadian Gaming Corporation Enters Definitive Agreement to Be Acquired by Funds Managed by Affiliates of Apollo Global Management For C$39.00 Per Share
- Sponsorship from Leading Investment Manager to Bring Additional Gaming and Hospitality Expertise to Great Canadian
- 11/10/2020
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Apollo's PK AirFinance Names Eelco van de Stadt as President
- Van de Stadt to Assume President Position in January 2021 Van de Stadt to Assume President Position in January 2021
- 11/05/2020
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Apollo to Present at the Bank of America Securities 2020 Future of Financials Virtual Conference
- NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”), announced today that Josh Harris, Co-Founder, will present at the Bank of America Securities 2020 Future of Financials Virtual Conference on Tuesday, November 10, 2020 at 10:30 am ET.
- 11/03/2020
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Miller Value Partners is Bullish on Apollo Global Management (APO) Stock
- Miller Value Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. In the third quarter, the Miller Income Strategy fund returned 7.89% versus 4.71% for the ICE BofA Merrill Lynch High Yield Index. You should check out Miller Value Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
- 11/03/2020
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Fisker Inc. Closes Business Combination; Will Begin Trading on the NYSE as “FSR” on October 30, 2020
- LOS ANGELES--(BUSINESS WIRE)-- #EVs--Fisker Inc. (“Fisker”), a developer of the world's most emotionally desirable, eco-friendly electric vehicles, announced today that it has completed its business combination (“Business Combination”) with Spartan Energy Acquisition Corp. (“Spartan”) (NYSE:SPAQ), a special purpose acquisition company sponsored by an affiliate of Apollo Global Management, Inc. (NYSE:APO). Spartan stockholders approved the business combination in a special meeting held on Oct. 28, 2020
- 10/29/2020
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Apollo Global Management's (APO) CEO Leon Black on Q3 2020 Results - Earnings Call Transcript
- Apollo Global Management's (APO) CEO Leon Black on Q3 2020 Results - Earnings Call Transcript
- 10/29/2020
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Apollo Global Management, Inc. Reports Third Quarter 2020 Results
- NEW YORK, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2020.
- 10/29/2020
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Altius and Apollo Joint Venture Commits Additional US$25 Million Investment Into Tri Global Energy
- ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)---- $ALS.TO--Altius Minerals Corporation (ALS:TSX) (ATUSF:OTCQX) (“Altius”) is pleased to report the first investment under the recently announced joint venture between its subsidiary, Altius Renewable Royalties Corp., and certain funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (“Apollo”). This US$25 million investment in Tri Global Energy (“TGE”) follows an initial US$30 million investment announced in Q1 2019 and reflects TGE
- 10/28/2020
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Intrado to Divest Health Advocate Business
- OMAHA, Neb., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, today announced it has entered into a definitive agreement with Teleperformance , a leading global group in digitally integrated business services, for the sale of Intrado's Health Advocate business for the purchase price of $690 million.
- 10/27/2020
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Apollo Global Management - A Tale Of 2 Income Streams
- Apollo Global Management has had great success in growing assets under management, with total AUM growing from $113 B at year-end 2012 to a last reported $414 B.
- 09/14/2020
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Tracking Chase Coleman's Tiger Global Portfolio - Q2 2020 Update
- Chase Coleman’s 13F portfolio value increased from $16.61B to $25.79B this quarter. Tiger Global added CrowdStrike Holdings and increased Salesforce.com during the quarter.
- 09/10/2020
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112 Equities Hiked Dividends In August (Against 32 Reductions) And 35 Signaled Buys
- Barron's Weekly lists stocks announcing dividend payment boosts on the very last page of its financial data.
- 08/26/2020
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Q2 retail private equity deals total $2.63 billion with Wayfair, Foot Locker and Albertsons among the big names
- Private equity deals in the retail sector totaled $2.63 billion in the second quarter with well-known names involved in some of the biggest agreements,...
- 08/21/2020
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Private-Equity Firm Onex Might Have a Successor for Its Founding CEO
- The Toronto private-equity firm, one of Canada’s largest, has elevated Bobby Le Blanc to president, putting him in line to succeed Chairman and CEO Gerry Schwartz.
- 08/19/2020
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Aeromexico Gets Preliminary Approval for $1 Billion Apollo Bankruptcy Loan
- Mexico’s flagship airline won court permission to tap $100 million of a $1 billion bankruptcy financing package from New York investment firm Apollo Global Management.
- 08/19/2020
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Tracking John Paulson's Paulson & Company Portfolio - Q2 2020 Update
- John Paulson’s 13F portfolio value increased from $2.62B to $3.13B this quarter. Paulson & Company's largest three positions are Bausch Health, Horizon Therapeutics, and SPDR Gold ETF.
- 08/19/2020
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Big Lots Lease-Back Deal Said to Thwart Apollo Buyout Talks
- (Bloomberg) -- Apollo Global Management Inc. was close to buying discount furniture retailer Big Lots Inc. until discussions fell apart, according to people with knowledge of the matter.The talks collapsed last week due to terms tied to the company’s agreement this year to sell and lease back some distribution centers to Oak Street Real Estate Capital, said the people, who asked to not be identified because the discussions were private. The talks with Apollo are unlikely to be revived, this people said.The leaseback terms would also make it difficult for another private firm to acquire the company, the people said.Representatives for Big Lots and Apollo declined to comment.Big Lots, which operates about 1,400 stores in 47 U.S. states, said in June it expected to fetch about $550 million after expenses and taxes from the leaseback deal.Big Lots rose 0.4% to close at $50.23 in New York, giving the Columbus, Ohio-based company a market value of about $2 billion.The company, with access to a $700 million credit facility, is well-positioned to navigate upcoming quarters, Chief Executive Officer Bruce Thorn said in June.New York-based Apollo, one of the world’s biggest private equity firms, has invested in retailers including Claire’s Stores Inc. and Linens ’n Things Inc., according to data compiled by Bloomberg.(Updates Big Lots share price in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/17/2020
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Rackspace stock rallies on report of Amazon interest in stake
- Rackspace Technology Inc. undefined shares rallied Monday following a report that Amazon.com Inc. undefined was in early talks to invest in the...
- 08/17/2020
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Rackspace stock rallies on report of Amazon interest in stake
- Rackspace Technology Inc. shares rallied Monday following a report that Amazon.com Inc. was in early talks to invest in the cloud-technology services company. Rackspace shares jumped as much as 19% in early trading and were last up 11% at $18.44. On Monday, Reuters reported that Amazon was looking to acquire a minority stake in Rackspace. The company re-emerged as a publicly traded one earlier in the month and shares dropped 22% on their first day. Rackspace is 65% owned by Apollo Global Management Inc. , which acquired the company for $4.3 billion back in 2016.. Apollo shares were last up 2.5% at $48.55.
- 08/17/2020
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Rackspace shares surge on report that Amazon is in talks to invest in company
- Reuters reported Monday that Amazon is interested in acquiring a minority stake in Rackspace, which helps companies shift their data to Amazon Web Services.
- 08/17/2020
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Exclusive: Amazon in talks to invest in cloud services company Rackspace, say sources
- The deal would involve Amazon acquiring a minority stake in Rackspace, the sources said. Rackspace helps companies migrate their data to Amazon Web Services, and the investment would strengthen the ties between the two companies. Rackspace also migrates companies to Alphabet Inc's Google Cloud, Microsoft Corp's Azure and VMware Inc.
- 08/17/2020
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Rackspace Jumps on Possible Amazon Stake Purchase, Reuters Reports
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Rackspace Stock Rips Higher On Reports Of Amazon's Interest
- Rackspace Technology Inc (NASDAQ: RXT) shares are generating strong buying interest following an M&A speculation.
What Happened: Amazon.com, Inc. (NASDAQ: AMZN) is looking to...
- 08/17/2020
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Top Buys From The Best Money Managers (Q2 2020)
- On August 14th, institutional investment managers with more than $100 million AUM disclosed their positions at the end of Q2 2020.
- 08/16/2020
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EMERGING MARKETS-Most Latam FX weaken; Mexican peso cheers slower rate cut signs
- * China, U.S. July retail sales disappoint * Mexican peso outperforms peers for the week * Aeromexico surges after financing announcement * JBS, Natura top gainers in Brazil * U.S.-China trade talks over the weekend awaited (Updates prices) By Shreyashi Sanyal and Susan Mathew Aug 14 (Reuters) - Mexico's peso firmed for the fourth straight session on Friday on signs that the pace of further monetary policy easing could slow, while other major Latin American currencies declined after economic data from China and the United States disappointed. Figures showing China's retail sales unexpectedly slipped in July were followed by the same metric in the United States rising less than expected. Risk appetite dwindled on the prospect of a delayed economic rebound, with China being one of Latam's biggest trading partners.
- 08/14/2020
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Bill Miller is Betting on Apollo Global Management (APO) Stock
- Miller Value Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. In the second quarter, the Miller Income Strategy fund returned 21.7% versus 9.6% for the unmanaged benchmark. You should check out Miller Value Partners' top 5 stock picks for investors to buy right now, which could be […]
- 08/14/2020
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Apollo Infrastructure Funds Announce Strategic Investment in US Offshore Wind Developer US Wind Inc.
- Investment to Help Fund Major Offshore Wind Facility in MarylandNEW YORK, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced that certain funds managed by its affiliates (“Apollo Funds”) have made a structured investment in US Wind Inc. (“US Wind”), an offshore wind energy development company. Apollo Funds have committed to invest through convertible debt and equity up to $265 million to acquire an equity stake in US Wind and fund development and construction costs associated with a major offshore wind energy project off the coast of Maryland. Baltimore, Maryland-based US Wind controls the Maryland Wind Energy Area under a Bureau of Ocean Energy Management (“BOEM”) lease of approximately 80,000 acres located ten to thirty miles off the state’s coast, an area that is sufficient to install an estimated 1.3 GW of renewable power generation. The first phase of the project will have a capacity of 270 MW, enough to power more than 75,000 Maryland homes. US Wind plans to sell electricity and Offshore Wind Renewable Energy Credits under the Maryland Offshore Wind Energy Act of 2013, and the project is poised to be a key contributor of renewable energy required under Maryland’s Renewable Portfolio Standard. Anticipated to come online in early 2024, the project has a 25+ year useful life and is expected to create thousands of jobs. Geoffrey Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources at Apollo, said, “US Wind is a premier developer at the forefront of an offshore wind energy industry that is rapidly expanding in both the US and abroad, as interests coalesce around clean energy. For Apollo, this is an exciting partnership that leverages our track record in renewable energy infrastructure investments and underlines the Firm’s strong commitment to sustainability.” “We believe our strategic partnership with Apollo will create significant value for US Wind and the state of Maryland in advancing development of our offshore wind projects,” said Riccardo Toto, President of US Wind. “Apollo is a creative and dynamic partner, with global expertise, and together we believe we can make a positive impact on the energy transition in the United States.”Brad Fierstein, Principal at Apollo, added, “We are pleased to work with Riccardo and the entire US Wind team to advance this important project to meet Maryland’s renewable energy goals, while creating high-quality jobs and driving significant local investment in the Baltimore area.”The US Wind investment extends Apollo’s 30-year track record in which Apollo-managed funds have invested more than $20 billion in infrastructure-related opportunities across its platform. Apollo’s infrastructure business, which is currently investing out of its second dedicated infrastructure fund, focuses primarily on opportunities in power and renewables, communications, midstream energy and transportation. The Apollo infrastructure platform is led by Senior Partners Dylan Foo and Geoffrey Strong.About Apollo Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $414 billion as of June 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.apollo.com.About US Wind US Wind was founded in 2011 and has established its position as a premier offshore wind energy development company in the United States. In 2014, US Wind obtained a federal lease for site control to develop up to 1.3 GW of offshore wind power generation off the coast of Maryland. US Wind is majority owned by Renexia SpA, a leader in renewable energy development in Italy and a subsidiary of Toto Holding SpA. Toto Holding SpA has more than 40 years of experience specializing in large construction and infrastructure projects, primarily in the energy, transportation, and aviation sectors.Contact InformationFor investors please contact:Gary M. Stein Head of Investor Relations Apollo Global Management, Inc. (212) 822-0467 gstein@apollo.comAnn Dai Investor Relations Manager Apollo Global Management, Inc. (212) 822-0678 adai@apollo.comFor media inquiries please contact:Joanna Rose Global Head of Corporate Communications Apollo Global Management, Inc. (212) 822-0491 jrose@apollo.com
- 08/14/2020
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FHI vs. APO: Which Stock Should Value Investors Buy Now?
- FHI vs. APO: Which Stock Is the Better Value Option?
- 08/10/2020
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Martin Kelly Sells 10,000 Shares of Apollo Global Management LLC (NYSE:APO) Stock
- Apollo Global Management LLC (NYSE:APO) CFO Martin Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $48.96, for a total transaction of $489,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed […]
- 08/09/2020
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Apollo Weighs Bid for Roadside Recovery Firm AA, Sky Says
- (Bloomberg) -- American investment firm Apollo Global Management Inc. is mulling a 3 billion-pound ($3.9 billion) takeover bid for U.K. roadside recovery service AA Plc, according to Sky News.Apollo has told the AA board of its interest in making an offer for the company, Sky said. AA already confirmed talks with three other prospective bidders, with the approach from Apollo said to be less advanced.The roadside recovery firm has debt of 2.65 billion pounds and is due to repay close to 1 billion pounds in the next two years, according to the report.Shares in the company have fallen 43% since the end of last year. They closed at 32.85 pence on Friday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/08/2020
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Rackspace shares sink 22% on first day of trading
- Shares of Rackspace Technology Inc. undefined plunged 22% on their first day of trading Wednesday. Four years after it went private, Rackspace announced...
- 08/05/2020
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Rackspace Dives in Trading Debut While BigCommerce Soars
- (Bloomberg) -- Cloud-service provider Rackspace Technology Inc. suffered the worst U.S. trading debut of the year while BigCommerce Holdings Inc. scored the best as the once-rebounding IPO market turns decidedly mixed.Rackspace, which was taken private in 2016 by Apollo Global Management Inc., closed its first day back as a public company Wednesday down 22% after raising $704 million in an initial public offering that was already priced at the bottom of the marketed range. That was the worst first-day performance on a U.S. exchange this year for a company raising at least $100 million, according to data compiled by Bloomberg.BigCommerce, meanwhile, priced its IPO above a marketed range that had already been elevated earlier to raise $216 million. The e-commerce software company doubled from its offer price for the best debut of the year, the data show.Adding to questions over which way the IPO market is headed, online mortgage lender Rocket Companies Inc. is slashing what was intended to be the year’s second-biggest U.S. IPO by more than a third to about $2 billion, according to people familiar with the matter who asked not to be identified because the matter wasn’t public. Rocket, which operates Quicken Loans and Rocket Mortgage, is set to price its shares later Wednesday.Despite the coronavirus pandemic, companies have raised about $62 billion through first-time share sales on U.S. exchanges this year, compared with $50 billion for the same period in 2019, the data show. That includes a record amount for so-called blank-check companies -- $24 billion, almost double the volume for all of 2019. The year’s largest listing was the $4 billion offering by a special purpose acquisition company, or SPAC, backed by billionaire Bill Ackman’s Pershing Square Capital Management.Now as the pandemic deepens across much of the U.S., what had been a hard-charging market may be getting winded. Since mid-March, only one major listing -- supermarket chain Albertsons Cos. -- has priced below its marketed range, according to the data compiled by Bloomberg.Value DipRackspace, based in San Antonio, closed its first day with a market value of $3.26 billion. Including debt, cash and other considerations, the company had an enterprise value of $7.6 billion, people familiar with the matter said before Wednesday’s trading. When Apollo acquired it in 2016, the company was valued at $4.3 billion including debt at the time.Rackspace designs and operates its customers’ cloud platforms. It has more than 120,000 customers across 120 countries and about 6,800 employees, which the company calls “Rackers.”Chief Executive Officer Kevin Jones said in an interview that one of the biggest changes since Apollo acquired Rackspace is that it no longer competes with Amazon Web Services, Microsoft Corp. and Alphabet Inc.’s Google.“Now they’re our biggest partner,” Jones said. “We look at them as our sales team and research and development team.”Jones said he was pleased with how the IPO process has gone, saying innovation in the technology industry is what’s driving valuation.Investors buying Rackspace shares include BlackRock Inc., Fidelity and Norges Bank Investment Management, according to a person with knowledge of the matter. Representatives for BlackRock, Fidelity and Norges Bank declined to comment.Apollo ControlApollo will retain 65.1% of the voting power in Rackspace after the listing, the filings show.BigCommerce, based in Austin, Texas, sold 9 million shares Tuesday for $24 each after marketing them for $21 to $23. The goals for the offering had been elevated earlier from 6.85 million shares at $18 to $20, according to filings with the U.S. Securities and Exchange Commission. It closed Wednesday with a market value of $4.76 billion.Its software allows companies to manage their online sales through marketplaces such as Amazon.com Inc. and social media platforms including Instagram shopping. Its customers are mainly in fashion, health and beauty, food and beverage, manufacturing and automotive.Chairman and CEO Brent Bellm said in an interview that e-commerce has accelerated by 10 years in three months because of the pandemic. Commenting on the firm’s larger rival, Shopify Inc., Bellm said the market is so large that there’s a need for two winners.BigCommerce’s IPO was led by Morgan Stanley, Barclays Plc, Jefferies Financial Group Inc. and KeyBanc Capital Markets Inc. Its shares are trading on the Nasdaq Global Market under the symbol BIGC.Rackspace’s offering was led by Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co. Apollo Global Securities, an affiliate of the private equity firm that backs Rackspace, was also an underwriter. Rackspace’s shares are trading on the Nasdaq Global Select Market under the symbol RXT.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/05/2020
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Apollo-Backed Rackspace Dives in Debut After $704 Million IPO
- (Bloomberg) -- Rackspace Technology Inc., the cloud-service provider backed by Apollo Global Management Inc., fell 20% at the opening bell in its trading debut after raising $704 million in a U.S. initial public offering priced at the bottom of the marketed range.That’s the worst showing on a U.S. exchange this year for an IPO raising $100 million or more, according to data compiled by Bloomberg.Rackspace shares opened Wednesday at $16.85 after the company sold 33.5 million for $21 each on Tuesday. They were down 19% to $17 at 1:07 p.m. in New York trading.The company has a market value of about $3.4 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. Including debt, cash and other considerations, the company had an enterprise value of $7.6 billion, people familiar with the matter said before Wednesday’s trading.When it was taken private by Apollo in 2016, the company was valued at $4.3 billion including debt at the time.The San Antonio, Texas-based company estimates its net loss for the second quarter will be $24 million to $44 million on revenue of $655 million to $657 million, its listing documents show.Rackspace designs and operates its customers’ cloud platforms. It has more than 120,000 customers across 120 countries and about 6,800 employees, which the company calls “Rackers.”Chief Executive Officer Kevin Jones said in an interview that one of the biggest changes since Apollo acquired Rackspace is that it no longer competes with Amazon Web Services, Microsoft and Google.“Now they’re our biggest partner,” Jones said. “We look at them as our sales team and research and development team.”Jones said he was pleased with how the IPO process has gone, saying innovation in the technology industry is what’s driving valuation.Investors buying Rackspace shares include BlackRock Inc., Fidelity and Norges Bank Investment Management, according to a person with knowledge of the matter. Representatives for BlackRock, Fidelity and Norges Bank declined to comment.Apollo will retain 65.1% of the voting power in Rackspace after the listing, the filings show.Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co. led the offering. Apollo Global Securities, an affiliate of the private equity firm that backs Rackspace, is also an underwriter. Rackspace’s shares are trading on the Nasdaq Global Select Market under the symbol RXT.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/05/2020
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Rackspace Tanks in IPO Debut, While BigCommerce Spikes
- Rackspace Technology RXT dropped more than 19% in a disappointing debut on the Nasdaq Wednesday, while e-commerce software developer BigCommerce Holdings spiked almost 300% in the launch of its trading. Rackspace raised $704 million in its public offering Wednesday after pricing the 33.5 million shares it sold at $21 per share, on the low range of its $21 to $24 per share guidance range. Meanwhile, BigCommerce Holdings BIGC jumped 283% to $91.80, opening trading at $68 per share after it priced its initial public offering of 9 million shares at $24 per share.
- 08/05/2020
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Rackspace Goes Public Again, 4 Years After LBO. The Market Isn’t Excited.
- Apollo Global Management, which took the company private four years ago, is retaining control.
- 08/05/2020
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Apollo-Backed Rackspace Raises $704M In Underwhelming IPO
- Rackspace Technology, Inc. raised $704 million in its initial public offering Tuesday, pricing the shares at the lower end of its previously indicated range.What Happened The Apollo Global Management Inc (NYSE: APO)-backed cloud computing firm sold 33.5 million shares priced at $21 each. It had previously indicated a price range of $21 to $24 per share the offering. The issuance was oversubscribed, according to Bloomberg, which earlier reported the news. If the IPO underwriters exercise a greenshoe option to purchase an additional 5 million shares, Rackspace's total raised amount would be a little over $809 million. The company said it would use a portion of the net proceeds to pay a $600 million debt in the form of Senior Notes due 2024 and use the remainder for general corporate purposes.Goldman Sachs Group Inc (NYSE: GS) investment arm Goldman Sachs & Co. LLC, Citigroup Inc's (NYSE: C) institutional broker Citigroup Global Markets Inc, J.P. Morgan Securities LLC, an investment management company of JPMorgan Chase & Co (NYSE: JPM), along with Apollo Global Securities, served as underwriters for the offering.Rackspace shares are set to list at the Nasdaq Stock Exchange on Wednesday under the ticker "RXT." Apollo will retain 65.1% of voting power in Rackspace after listing, according to the company's filings. Why It Matters The cloud computing company's listing values it at $4.2 billion based on outstanding shares -- including debt, cash, and other considerations -- as per filings it made with the United States Securities and Exchange Commission, Bloomberg noted.The company was taken private in 2016 by Apollo and was valued at $4.3 billion, including debt, at the time.BlackRock Inc (NYSE: BLK), Fidelity, and Norges Bank Investment Management reportedly hold stakes in the cloud computing company.The IPO took place in the backdrop of soaring demand for the sector as the BVP Nasdaq Emerging Cloud index is higher by near 70% for the year.Snowflake, a cloud computing database platform, is expected to priced at nearly $20 billion when it holds its IPO later this year.See more from Benzinga * YouTube Music To Entirely Replace Google Play Music By The End Of The Year * Former Google, Uber Self-Driving Engineer Sentenced To 18 Months In Prison, Seeks .1B In Earnouts * 'Mulan' To Stream At Disney+ Starting Sept. At , On Top Of Subscription(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/05/2020
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Rackspace IPO prices at bottom of target range to raise about $703 million
- Rackspace IPO prices at bottom of target range to raise about $703 million
- 08/05/2020
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CORRECTED-Rackspace IPO prices at bottom of target range -source
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Big U.S. Funds Including Apollo Join as Lenders on $1 Billion Bombardier Loan
- (Bloomberg) -- Apollo Global Management and Ares Management have joined HPS Investment Partners as lenders to Canadian plane maker Bombardier Inc., according to people familiar with the matter.Apollo and Ares each now hold about 20% of a $1 billion loan Bombardier said it obtained late last month, according to the people, who asked not to be identified discussing a private matter. HPS, agent on the debt, retained majority control of about 60% of the three-year senior secured loan that it had committed to provide, the people said.Bombardier referred all questions on the matter to HPS. Representatives for both HPS and Apollo declined to comment, while Ares didn’t immediately respond to requests for comment.Alternative lenders are increasingly providing larger loans to borrowers, and potentially taking away share from the leveraged loan and high-yield bond markets in the process. European insurance brokerage Ardonagh Group and newspaper company Gannett Co. both sealed jumbo private debt deals within approximately the past year.Read more: Billion Dollar Deals See Private Credit Step Out of the ShadowsBombardier intends to use the facility, which has a minimum utilization of $750 million and no financial covenants, to operate during the Covid-19 pandemic as it works to offload certain assets.Disruptions to the company’s operations in the wake of the coronavirus pandemic have led to a high level of cash burn. The company announced earlier this year that it would focus on business aviation and deleverage through the sale of its rail business.Alstom SA recently won conditional approval for its 6.2 billion euro ($7.3 billion) takeover of Bombardier’s rail-transport operations.Montreal-based Bombardier is set to report earnings on Thursday. As of June 30, its cash on hand and liquidity were $1.7 billion and $2.4 billion, respectively.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/04/2020
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ADT: The Latest Moves Are Adding Value (NYSE:ADT)
- ADT and Google just announced a major partnership that will enhance ADT's residential security and monitoring business.
- 08/04/2020
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KKR Posts Quarterly Profit, and Raises Record $16 Billion in New Capital
- KKR reported second-quarter after-tax distributable earnings that were nearly flat compared to 2019 as the global investment firm rebounded from losses earlier in the year.
- 08/04/2020
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KKR beats estimates with flat second-quarter earnings
- KKR beats estimates with flat second-quarter earnings
- 08/04/2020
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Google Invests $450 Million in ADT for Smart-Home Distribution
- (Bloomberg) -- Alphabet Inc.’s Google is buying a $450 million stake in home security firm ADT Inc., forming a partnership that could get the tech giant’s smart-home products in front of millions of new customers.The deal gives Google a 6.6% stake in the Boca Raton, Florida-based ADT, the largest home security company in the U.S. with about 20,000 employees and more than 6 million customers. Google’s prowess in hardware design and software will give ADT access to technology it wouldn’t be able to build on its own. ADT will begin distributing Google’s Nest home products exclusively. Shares of ADT skyrocketed as much as 100% before pulling back somewhat. They were up 57% to $14.40 at 11:17 a.m. in New York. Google shares were little changed.Distribution is key for Google because it doesn’t have a network of retail stores like Apple Inc. and doesn’t own its own marketplace like Amazon.com Inc. The three tech giants are locked in a battle for prime placement in people’s homes, designing appliances centered around their unique voice assistants. Google has many distribution deals with home builders and utility companies, but the ADT agreement is notable for its size and the fact that Google is taking an equity stake.Until now, ADT hasn’t favored one company’s products over another. This deal changes that.“The partnership with Google is us no longer pursuing a path of product agnosticism and aligning with someone we think is the best in the business,” said ADT Chief Executive Officer Jim DeVries. ADT will still integrate with Amazon’s Alexa voice assistant if customers ask for it, but in hardware categories where Google has an offering, it will be the exclusive partner, DeVries said in a phone interview.The smart home market is experiencing “explosive gains” DeVries said, and is projected to grow 20% annually. “Together the smart home and security market represents a tremendous opportunity for ADT and Google,” DeVries said on a conference call with analysts.Both companies will commit an additional $150 million, subject to the achievement of certain milestones, for marketing, product development, technology and employee training, they said. The deal would make Google ADT’s second-largest shareholder, behind Apollo Global Management Inc., the private equity firm that took over ADT in 2016 and helped organize an initial public offering.Google entered the smart-home market when it bought Nest in 2014 for $3.2 billion. The unit has become one of the largest makers of internet-connected thermostats, smoke alarms and locks. In the security space, it has about 40% of the market compared to Amazon’s 35%, according to a 2019 research report by Rakuten Intelligence.Amazon’s home security system Ring has been criticized by privacy and civil rights activists for working too closely with police. The company has formed partnerships with police departments to make it easy for them to request footage recorded by Ring devices. Some police forces have subsidized Ring devices for residents to expand their potential surveillance networkDeVries said ADT doesn’t give cameras to police and doesn’t have hardware deals with law enforcement. On the monitoring side, ADT does work closely with police forces, who often respond when a security alert is triggered by an ADT alarm system.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Intrado Acquires OnSIP
- OMAHA, Neb., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, announced today that it has acquired Junction Networks, Inc. d.b.a. OnSIP, a provider of Unified Communications as a Service (“UCaaS”) and collaboration solutions for small and mid-size (“SMB”) customers. OnSIP’s cloud-based calling solution is used by thousands of SMB customers in the U.S. as a next-generation replacement to a traditional, on-premise phone system. OnSIP customers enjoy the benefits of an on-demand hosted platform without the high cost, burden, and inflexibility of traditional economic models. The solution is a full-featured voice offering that is easy to provision and typically takes only minutes to configure.With the addition of OnSIP, Intrado now has a fully-integrated product solution to serve all market segments with collaboration, calling, meetings, events, contact center and messaging tools along with real-time support, professional services, self-service capabilities and a global reach.“OnSIP’s powerful technology is extremely flexible and easy to implement, use, and support,” said John Shlonsky, Chief Executive Officer and President of Intrado. “OnSIP’s proprietary cloud-calling solution rounds out our product portfolio and will allow Intrado to better serve the communication needs of SMB clients. We are pleased to welcome OnSIP employees, customers, and partners to Intrado.”About Intrado CorporationIntrado Corporation is an innovative, cloud-based, global technology partner to clients around the world. Our solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight.Intrado has sales and/or operations in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America and South America. Intrado is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please call 1-800-841-9000 or visit www.intrado.com.Forward-Looking StatementsThis press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue” or similar terminology. These statements reflect only Intrado’s current expectations and are not guarantees of future performance or results. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, competition in Intrado’s highly competitive markets; increases in the cost of voice and data services or significant interruptions in these services; Intrado’s ability to keep pace with its clients’ needs for rapid technological change and systems availability; the continued deployment and adoption of emerging technologies; the loss, financial difficulties or bankruptcy of any key clients; security and privacy breaches of the systems Intrado uses to protect personal data; the effects of global economic and health trends on our business, including as a result of disruption of the business of Intrado’s clients; the non-exclusive nature of Intrado’s client contracts and the absence of revenue commitments; the cost of pending and future litigation; the cost of defending against intellectual property infringement claims; the effects of extensive regulation affecting many of Intrado’s businesses; Intrado’s ability to protect its proprietary information or technology; service interruptions to Intrado’s data and operation centers; Intrado’s ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where Intrado operates; changes in foreign exchange rates; Intrado’s ability to complete future acquisitions, integrate or achieve the objectives of its recent and future acquisitions; and future impairments of our substantial goodwill, intangible assets, or other long-lived assets. In addition, Intrado is subject to risks related to its level of indebtedness. Such risks include Intrado’s ability to generate sufficient cash to service its indebtedness and fund its other liquidity needs; Intrado’s ability to comply with covenants contained in its debt instruments; Intrado’s ability to obtain additional financing; the incurrence of significant additional indebtedness by Intrado and its subsidiaries; and the ability of Intrado’s lenders to fulfill their lending commitments. Intrado is also subject to other risk factors described in its annual report for the year ended December 31, 2019.These forward-looking statements speak only as of the date on which the statements were made. Intrado undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. CONTACT: Contact Dave Pleiss Investor and Public Relations DMPleiss@Intrado.com 402.716.6578
- 08/03/2020
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Move over Nikola: A new electric truck SPAC called Lordstown is forming and the shares are surging
- The latest deal between a SPAC and electric vehicle start-up was announced on Monday, when DiamondPeak Holdings said it would merger with Lordstown Motors.
- 08/03/2020
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787,438 Shares in Apollo Global Management LLC (NYSE:APO) Purchased by Sumitomo Mitsui Trust Holdings Inc.
- Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Apollo Global Management LLC (NYSE:APO) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 787,438 shares of the financial services provider’s stock, valued at approximately $39,309,000. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. […]
- 08/03/2020
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Apollo Global Management (NYSE:APO) Stock Rating Lowered by ValuEngine
- ValuEngine cut shares of Apollo Global Management (NYSE:APO) from a hold rating to a sell rating in a report released on Thursday morning, ValuEngine reports. Other equities analysts have also issued reports about the stock. Jefferies Financial Group lifted their target price on shares of Apollo Global Management from $44.00 to $45.00 and gave the […]
- 08/03/2020
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Keefe, Bruyette & Woods Boosts Apollo Global Management (NYSE:APO) Price Target to $57.00
- Apollo Global Management (NYSE:APO) had its price objective lifted by Keefe, Bruyette & Woods from $56.00 to $57.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. They currently have an outperform rating on the financial services provider’s stock. Other analysts have also issued reports about the company. ValuEngine lowered Apollo Global Management […]
- 08/03/2020
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Apollo's ADT Soars on Google Stake as Rival Plummets
- Apollo's ADT Soars on Google Stake as Rival Plummets
- 08/03/2020
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Shine Investment Advisory Services Inc. Makes New $28,000 Investment in Apollo Global Management LLC (NYSE:APO)
- Shine Investment Advisory Services Inc. acquired a new position in Apollo Global Management LLC (NYSE:APO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 555 shares of the financial services provider’s stock, valued at approximately $28,000. Other large investors have […]
- 08/01/2020
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U.S. IPO Week Ahead: Rocket Companies Shoots For The Moon In A 6-IPO Week
- Six IPOs and one SPAC are scheduled to raise $4.6 billion in the week ahead, with Rocket Mortgage parent Rocket Companies slated to complete the year's largest US IPO to date.
- 08/01/2020
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Rowan’s Break from Apollo Leaves More Time for His Hamptons Restaurants
- (Bloomberg) -- For years, Apollo Global Management Inc.’s Marc Rowan oversaw the firm’s financial services and insurance businesses. His semi-sabbatical announced Thursday should give him more time to focus elsewhere, not least his thriving Hamptons restaurants.Rowan, the brains behind Athene Holding Ltd., the insurer that made Leon Black’s investment firm the envy of Wall Street, is taking a break from day-to-day involvement with Apollo. It was a surprise twist at a firm that’s highly profitable despite recent market turmoil.The 57-year-old has long stood in the shadow of Black, among Wall Street’s most fearsome figures, and Apollo’s other co-founder, Josh Harris. But while Black is known by the wider world for his art collection and Harris leads the group that owns the Philadelphia 76ers and New Jersey Devils, Rowan has quietly pursued his passion for high-end eateries, feeding the elite who flock to the beachside towns east of New York City.His latest project is a restaurant and marina on the North Fork of Long Island -- Duryea’s Orient Point -- that caters to the yacht-set from the Hamptons and Connecticut with oysters and Champagne. Rowan also owns Duryea’s in surf-friendly Montauk and Lulu Kitchen & Bar in Sag Harbor, as well as property in the area to house staff.Rowan, who has a $4.9 billion fortune according to the Bloomberg Billionaires Index, acquired the Long Island properties for about $30 million. He also has a family office that he’s used to amass a much larger collection of real estate assets.RWN Management is run by Ken Glassman and has participated in $800 million of property deals since it started about a decade ago, according to RCA Analytics. The firm owns condos in Manhattan’s Lower East Side, an office block in Queens and retail space in Miami. It also lends money to property investors. In 2017 its assets were $1.11 billion, according to a filing.Rowan is one of many private equity titans with a family office. Black’s Elysium Management owns Huddle House, art publisher Phaidon and has invested in co-working business Convene.Rowan’s interest in property pushed him into an area that Black wished could be a bigger success within Apollo. Black has lamented that his firm struggled to develop a more robust real estate business in the mold of Blackstone Group Inc. and would get frustrated when Rowan and other executives cited a lack of opportunities, according to people familiar with the matter.Apollo oversees $40 billion in its real estate group, including debt and infrastructure, compared with Blackstone’s $167 billion.Apollo and Rowan declined to comment.Rowan will remain on Apollo’s board during his break. The firm’s executives are focused on growing the permanent capital business, which now comprises 60% of assets and includes Athene. Dutch insurer Vivat NV and Jackson National Life Insurance Co. were among recent acquisitions for the unit, which should provide a buffer during market volatility.For now, at least, Rowan will be somewhat removed from such daily worries.“He has a well deserved desire to not be involved in so much day-to-day, given the great team that’s been built up and how much that’s already been accomplished,” Black said Thursday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/31/2020
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Apollo Global Management LLC (APO) Q2 2020 Earnings Call Transcript
- Please refer to Apollo's most recent SEC filings, including the 8-K Apollo filed this morning for risk factors related to these statements. Apollo will be discussing certain non-GAAP measures on this call, which management believes are relevant in assessing the financial performance of the business. Joining me this morning are Leon Black, Founder, Chairman and Chief Executive Officer; Josh Harris, Co-Founder; and Martin Kelly, Chief Financial Officer and Co-Chief Operating Officer.
- 07/31/2020
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Baupost Q2 2020 Investor Letter
- The Baupost Group is a hedge fund founded in 1982, and headed by Seth Klarman. The firm, one of the largest hedge funds in the world, is a value investing.
- 07/31/2020
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Apollo’s Earnings Recover as Value of Investments Rises
- Apollo Global Management’s second-quarter earnings rose as the value of its investments climbed with the broader market.
- 07/30/2020
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Apollo Global Management, Inc. (APO) CEO Leon Black on Q2 2020 Results - Earnings Call Transcript
- Apollo Global Management, Inc. (NYSE:APO) Q2 2020 Results Conference Call July 30, 2020 10:00 AM ET Company Participants Gary Stein - Head, IR Leon Black - Founder, Chairman and CEO Josh Harris - Co-Founder Martin Kelly - CFO and Co-COO Gary Parr - Senior Managing Director Conference Call Participants Alex Blostein - Goldman Sachs Craig Siegenthaler - Credit Suisse Bill Katz - Citigroup Glenn Schorr - Evercore Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Robert Lee - KBW Devin Ryan - JMP Securities Gerry O'Hara - Jefferies Chris Harris - Wells Fargo Michael Cyprys - Morgan Stanley Jeremy Campbell - Barclays Chris Kotowski - Oppenheimer & Co.
- 07/30/2020
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Apollo Rebounds in the Second Quarter. Here’s How.
- Apollo Global Management returned to profitable status in the second quarter after reporting net income of $446.3 million or $1.84 a share.
- 07/30/2020
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Apollo Rebounds in the Second Quarter. Here’s How.
- Apollo Global Management returned to profitable status in the second quarter after reporting net income of $446.3 million or $1.84 a share.
- 07/30/2020
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Apollo Global Management, Inc. Reports Second Quarter 2020 Results
- NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2020. “Despite a continued volatile market backdrop during the second quarter, Apollo once again delivered strong growth for our investors, reinforcing the value of our integrated global investment platform,” said Leon Black, Founder, Chairman and Chief Executive Officer. “Following the completion of two significant transactions which reflect our continued leadership in insurance solutions, combined with other inflows and market appreciation, Apollo’s total assets under management grew by nearly $100 billion during the second quarter and have surpassed $400 billion for the first time in our history. Over the last twelve months, Apollo’s total AUM has grown by 33% to reach $414 billion as of June 30, 60% of which is in permanent capital vehicles.”“Against a challenging and volatile backdrop, we have demonstrated the tenacity and resilience of our team as well as the durability of our FRE growth and stability of our margins,” said Josh Harris, Co-Founder. “I am proud of what our organization has accomplished this quarter, including investing over $45 billion across our platform and the addition of our stock to the Russell 1000 and MSCI Global indices. As one of the world’s leading institutional investment managers, we are committed to enhancing the liquidity and accessibility of our stock and believe this is a great next step toward the realization of that continued pledge to our current and future shareholders.”Apollo issued a full detailed presentation of its second quarter ended June 30, 2020 results, which can be viewed through the Stockholders section of Apollo’s website at http://www.apollo.com/stockholders.DividendsApollo has declared a cash dividend of $0.49 per share of its Class A Common Stock for the second quarter ended June 30, 2020. This dividend will be paid on August 31, 2020 to holders of record at the close of business on August 18, 2020. Apollo intends to distribute to its Class A common stockholders on a quarterly basis substantially all of its distributable earnings after taxes and related payables in excess of amounts determined by the executive committee of its board of directors to be necessary or appropriate to provide for the conduct of its business and, at a minimum, a quarterly dividend of $0.40 per share.Apollo has declared a cash dividend of $0.398438 per share of each of its Series A Preferred Stock and Series B Preferred Stock, which will be paid on September 15, 2020 to holders of record at the close of business on August 31, 2020.The declaration and payment of dividends on Class A Common Stock, Series A Preferred Stock and Series B Preferred Stock are at the sole discretion of the executive committee of Apollo Global Management, Inc.’s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future.Conference CallApollo will host a conference call on Thursday, July 30, 2020 at 10:00 a.m. Eastern Time. During the call, members of Apollo’s senior management team will review Apollo’s financial results for the second quarter ended June 30, 2020. The conference call may be accessed by dialing (888) 868-4188 (U.S. domestic) or +1 (615) 800-6914 (international), and providing conference call ID 5581374 when prompted by the operator. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Stockholders section of Apollo’s website at http://www.apollo.com/stockholders.Following the call, a replay of the event may be accessed either telephonically or via audio webcast. A telephonic replay of the live broadcast will be available approximately two hours after the live broadcast by dialing (800) 585-8367 (U.S. callers) or +1 (404) 537-3406 (non-U.S. callers), passcode 5581374. To access the audio webcast, please visit Events in the Stockholders section of Apollo’s website at http://www.apollo.com/stockholders.About ApolloApollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had assets under management of approximately $414 billion as of June 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.apollo.com.Forward-Looking StatementsEffective September 5, 2019, Apollo Global Management, Inc. converted from a Delaware limited liability company named Apollo Global Management, LLC (“AGM LLC”) to a Delaware corporation named Apollo Global Management, Inc. (“AGM Inc.” and such conversion, the “Conversion”). This press release includes the results for AGM LLC prior to the Conversion and the results for AGM Inc. following the Conversion. In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to (a) AGM Inc. and its subsidiaries, including the Apollo Operating Group and all of its subsidiaries, following the Conversion and (b) AGM LLC and its subsidiaries, including the Apollo Operating Group and all of its subsidiaries, prior to the Conversion, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements in the discussion and analysis. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to our dependence on certain key personnel, our ability to raise new private equity, credit or real assets funds, the impact of COVID-19, the impact of energy market dislocation, market conditions, generally, our ability to manage our growth, fund performance, changes in our regulatory environment and tax status, the variability of our revenues, net income and cash flow, our use of leverage to finance our businesses and investments by our funds and litigation risks, among others. Due to the COVID-19 pandemic, there has been uncertainty and disruption in the global economy and financial markets. While we are unable to accurately predict the full impact that COVID-19 will have on our results from operations, financial condition, liquidity and cash flows due to numerous uncertainties, including the duration and severity of the pandemic and containment measures, our compliance with these measures has impacted our day-to-day operations and could disrupt our business and operations, as well as that of the Apollo funds and their portfolio companies, for an indefinite period of time. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in Apollo’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 21, 2020 and quarterly report on Form 10-Q filed with the SEC on May 11, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.Investor and Media Relations ContactsFor investor inquiries regarding Apollo, please contact:Gary M. Stein Head of Investor Relations Apollo Global Management, Inc. 212-822-0467 gstein@apollo.comAnn Dai Investor Relations Manager Apollo Global Management, Inc. 212-822-0678 adai@apollo.comJoanna Rose Global Head of Corporate Communications Apollo Global Management, Inc. 212-822-0491 jrose@apollo.com
- 07/30/2020
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Apollo Global Management, Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Apollo Global Management, Inc. in conjunction with their 2020 Q2 earnings call..
- 07/30/2020
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Earnings Scheduled For July 30, 2020
- Companies Reporting Before The Bell
• Mastercard Inc. (NYSE:MA) is expected to report quarterly earnings at $1.16 per share on revenue of $3.23 billion.
• Moody's...
- 07/30/2020
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Miller Value Partners Income Strategy 2Q 2020 Letter
- Miller Value Partners is a value investor. It values businesses, and not just stocks, and invests in them for the long term.
- 07/29/2020
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Apollo: A 4.5% Yield And 21% Historical Growth Company With Plenty Of Gas In The Tank
- Apollo has grown assets under management and fee-related earnings at 18% and 21% respectively since IPO in 2011.
- 07/29/2020
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Why Earnings Season Could Be Great for Apollo (APO)
- Apollo (APO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/29/2020
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Fisker Inc. Announces Board Of Directors
- Fisker Inc. ("Fisker"), a developer of the world's most emotionally desirable, eco-friendly electric vehicles, is today announcing the composition of its Board of Directors, which has been designed anticipating the completion of its merger with Spartan Energy Acquisition Corporation (NYSE: SPAQ) ("Spartan"), a special purpose acquisition company sponsored by an affiliate of Apollo Global Management, Inc. (NYSE: APO) ("Apollo"). The Board will be comprised of seven members, including two executives from Fisker, four external directors and a Spartan appointee.
- 07/28/2020
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Albertsons Companies, Inc. Reports First Quarter Results
- Albertsons Companies, Inc. (NYSE: ACI) (the
- 07/27/2020
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AMC Lenders Aim to Outdo Silver Lake on Debt-Restructuring Offer
- Apollo and other top lenders are vying to dissuade AMC from taking a debt-restructuring offer from Silver Lake, offering a competing proposal to carry the cinema operator through the coronavirus pandemic.
- 07/23/2020
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Walmart Revives Plan to Sell Stake in Asda
- Walmart has relaunched the planned sale of a majority stake in its U.K. grocery-store chain Asda after putting the process on hold in April.
- 07/20/2020
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Walmart restarts talks on selling Asda
- US owner looking to sell stakes in supermarket 15 months after collapse of Sainsbury’s merger
- 07/20/2020
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Auto Makers Charge Ahead With Electric-Vehicle Plans
- Pressure is building on General Motors, Volkswagen and other major car companies to deliver on their electric-vehicle plans, as investor enthusiasm for the technology has grown in recent months.
- 07/19/2020
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These restaurant chains filed for bankruptcy during the pandemic
- As the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy.
- 07/18/2020
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It Has Been a Huge Week for SPAC Mergers. Here’s What You Missed.
- Blank-check companies have raised more money, done more deals, and attracted a broader base of sponsors and investors than they ever have before.
- 07/17/2020
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Robinhood traders would be wise to heed these seven risks for Tesla’s stock
- Tesla is ‘trading on a multiple of Elon Musk’s dreams,’ says one fund manager.
- 07/15/2020
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Why investors keep buying chip stocks, plus everything else you missed in business news: CNBC After Hours
- CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Josh Lipton dives into the rally in semiconductor stocks and runs through the favorites of some Wall Street analysts.
- 07/14/2020
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EP Energy Proposes $4.4 Billion Debt-Cutting Strategy as Oil Prices Recover
- The oil-and-gas company floated a chapter 11 exit strategy that would hand the business to senior bondholders and cut $4.4 billion in debt, its second restructuring proposal after failing in a previous bid to leave bankruptcy.
- 07/14/2020
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Fisker is going public: Five things to know about the electric-car maker ahead of its IPO
- Fisker is hoping to take advantage of heightened investor interest in blank-check companies and in shares of electric-vehicle companies.
- 07/14/2020
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Apollo Global Management LLC (NYSE:APO) Shares Sold by Ellis Investment Partners LLC
- Ellis Investment Partners LLC cut its position in Apollo Global Management LLC (NYSE:APO) by 37.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,052 shares of the financial services provider’s stock after selling 618 shares during the quarter. Ellis Investment […]
- 07/14/2020
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Stocks making the biggest moves after hours: Tesla, BioNTech, Moderna and more
- See which stocks are posting big moves after the bell.
- 07/13/2020
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Is Apollo Global (APO) a Suitable Stock for Value Investors?
- Let's see if Apollo Global (APO) stock is a good choice for value-oriented investors right now from multiple angles.
- 07/13/2020
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EV startup Fisker to go public through merger with Apollo-backed firm at combined value of $2.9 billion
- The proposed deal is anticipated to provide Fisker the necessary funding to bring its first product, the Fisker Ocean, to production in late 2022.
- 07/13/2020
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EV maker Fisker to go public through reverse merger with Spartan Energy Acquisition
- Electric vehicle maker Fisker Inc. is going public, through a reverse merger with special purpose acquisition company (SPAC) Spartan Energy Acquisition Corp....
- 07/13/2020
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EV maker Fisker to go public through reverse merger with Spartan Energy Acquisition
- Electric vehicle maker Fisker Inc. is going public, through a reverse merger with special purpose acquisition company (SPAC) Spartan Energy Acquisition Corp. , in a deal valued at about $2.9 billion. That sent the shares of Spartan Energy Acquisition, which is sponsored by Apollo Global Management Inc. , up 18.6% in morning trading toward a record high. The stock has now rocketed 85.0% amid a 4-day win streak. Fisker said the reverse merger will provide more than $1 billion in gross proceeds to the company, including $500 million fully committed common stock at $10 per share. Fisker said it plans to use the proceeds to fund the development of the Fisker Ocean, a fully electric SUV, through start of production in 2022.
- 07/13/2020
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Spartan Buys Fisker for $2.9 Billion. What It Says About Hot Electric-Vehicle Stocks.
- It is another billion-dollar valuation for the ultrahot electric-vehicle space. undefined
- 07/13/2020
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Intrado Appoints Eula Adams to Board of Directors
- OMAHA, Neb., July 13, 2020 -- Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, today announced that Eula Adams has been elected.
- 07/13/2020
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EV maker Fisker to go public by merging with blank check firm at $2.9 bln valuation
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Fisker Inc. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp.
- Fisker Inc. ("Fisker") and Spartan Energy Acquisition Corp. ("Spartan") (NYSE:SPAQ), a special purpose acquisition company sponsored by an affiliate of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo"), today announced they have entered into a definitive agreement for a business combination that would result in Fisker becoming a publicly listed company.
- 07/13/2020
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EV maker Fisker to go public by merging with blank check firm at $2.9 billion valuation
- EV maker Fisker to go public by merging with blank check firm at $2.9 billion valuation
- 07/13/2020
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Highest Yielding 'Investment Grade' Preferred Stocks With Qualified Dividends
- This article is for those who are concerned with the current economic landscape and are looking for relatively high after-tax yields but also want high quality.
- 07/12/2020
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Bank of America Lowers Apollo Global Management (NYSE:APO) Price Target to $53.00
- Apollo Global Management (NYSE:APO) had its target price dropped by investment analysts at Bank of America from $54.00 to $53.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Bank of America‘s target price would indicate a potential upside of 5.81% from […]
- 07/12/2020
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ClearBridge Dividend Strategy Portfolio Manager Commentary Q2 2020
- ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
- 07/11/2020
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Stocks To Watch: Bank Earnings And SPAC Deals Blaze In
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 07/11/2020
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Rackspace plans to return as publicly traded company
- Rackspace Technology Inc. undefined said Friday it plans to launch an initial public offering for its stock four years after going private. In its Securities...
- 07/10/2020
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Rackspace, Cloud-Services Provider, Files for IPO on Nasdaq
- Cloud-services company Rackspace, owned by the private-equity firm Apollo Global, filed to go public.
- 07/10/2020
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Apollo-owned cloud company Rackspace files for U.S. IPO
- Rackspace did not specify the size of the offering in the paperwork filed to the U.S. Securities and Exchange Commission. Reuters reported in April that Apollo was preparing to take Rackspace public in an IPO that could value the company at more than $10 billion, including debt, citing people familiar with the matter. The San Antonio-based company had been exploring an IPO for the last two years, but its weak organic growth and large debt, owed to its $4.3 billion leveraged buyout by Apollo in 2016 and subsequent acquisitions, had stopped it from pursuing it.
- 07/10/2020
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Apollo-Backed Blank-Check Company Surges 71% on Possible Fisker Deal
- (Bloomberg) -- The allure of electric vehicles is boosting shares of blank-check companies, the latest being Apollo Global Management-backed Spartan Energy Acquisition Corp.Spartan Energy became something of an overnight sensation Thursday after Reuters reported that it was leading a bidding war for carmaker Fisker Inc. Spartan’s stock has now gained as much as 71% in the course of two trading sessions, mirroring the meteoric rise of Nikola Corp. The semi-truck maker that listed on the Nasdaq following a reverse merger with a special purpose acquisition company, or SPAC. Spartan Energy’s stock-ticker symbol is SPAQ.It’s unclear to what extent a case of mistaken identity could be coming into play. Fisker is veteran car designer Henrik Fisker’s second attempt at forming an electric-vehicle company to compete with the likes of Tesla Inc. His first venture, Fisker Automotive, filed for bankruptcy in 2013, costing U.S. taxpayers $139 million. That company was acquired the following year by Chinese auto-parts maker Wanxiang Group and renamed Karma Automotive.Fisker announced earlier this week that it raised $50 million from hedge fund manager Louis Bacon, with the money going toward engineering for the SUV it aims to roll out in 2022.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/10/2020
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AMC Entertainment To Avert Bullet
- AMC Entertainment Holdings has been suffering from cash flow problems since the shutdowns due to the expansion of the coronavirus pandemic, experiencing shortages threatening to its existence.
- 07/10/2020
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Did Hedge Funds Make The Right Call On Apollo Global Management Inc (APO) ?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/10/2020
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AMC Nears Silver Lake Debt Deal, Setting Stage for Creditor Feud
- (Bloomberg) -- AMC Entertainment Holdings Inc. is set to announce a deal with bondholders that would allow private equity firm Silver Lake to jump up the repayment-priority line, setting the stage for another credit-market brawl as companies dealing with the fallout of Covid-19 seek to restructure their debts.The transaction, which is expected to launch in the coming days, would provide $200 million of new money and see subordinated bondholders exchange their securities at a discount for new second-lien notes, according to people with knowledge of the situation. It will also extend the maturity on $600 million of convertible bonds held by Silver Lake for two years in exchange for first-lien priority on certain collateral.A group of existing first-lien lenders including Apollo Global Management Inc., Ares Management Corp. and Eaton Vance Corp. are opposing the deal, arguing it benefits certain creditors over others at the expense of the company, said the people, who asked not to be identified discussing a private matter.The cinema chain has been trying to hash out an accord for weeks as it looks to raise cash, manage its more than $5 billion debt burden and avoid a potential bankruptcy. The lender group’s opposition follows a string of similar feuds between creditors and borrowers, including tiffs involving mattress maker Serta Simmons Bedding and bookings operator Travelport.Representatives for Silver Lake, Apollo and Ares declined to comment, while AMC and Eaton Vance didn’t respond to requests seeking comment.AMC announced the initial debt exchange in June, asking some investors to swap their subordinated notes for the new 12% second-lien secured bonds.The group of opposing first-lien lenders, which also includes CSAM, the asset management unit of Credit Suisse Group AG, and Davidson Kempner Capital Management, argue that the transaction violates the company’s fiduciary duty, dilutes the value of their holdings and deprives AMC of additional liquidity, the people familiar with the matter said.The group, working with law firm Gibson Dunn & Crutcher LLP, has instead offered a $400 million alternative financing package including $200 million that would be offered on a pro-rata basis to all first-lien lenders. It’s contingent on Silver Lake exchanging its debt at a level below the first-lien position, the people said. Silver Lake has argued that the counter proposal is not permitted under its credit agreement, and AMC has rebuffed the offer, the people said.Representatives for CSAM and Davidson Kempner declined to comment. A representative for Gibson Dunn didn’t respond to requests for comment.Silver Lake LeverageFor the Silver Lake camp, the deal benefits the company and will reduce AMC’s debt load by as much as $600 million, one of the people familiar said.Debt-research firm Covenant Review noted June 11 that AMC appears to have the flexibility under its credit accords to proceed with the exchange.The transaction requires Silver Lake’s consent under the credit agreements, which it has given provided it receives a first claim on its debt.Read more: Apollo’s debt-lawsuit defeat to reshape Wall Street risk modelsAMC is expected to announce a transaction support agreement for the deal from a majority of its bondholders in the coming days, according to the people. It will then a launch an amended exchange offer which gives holders greater covenant protections in exchange for their support and new money. The exchange is not expected to launch with the support of AMC’s current first-lien lenders, the people said.The cinema company is working with law firm Weil, Gotshal & Manges and investment bank Moelis & Co. Representatives at Weil didn’t respond to requests for comment. A representative for Moelis declined to comment.AMC’s term loan due 2026 is quoted at about 70 cents on the dollar, while its subordinated bonds are trading around the 30 cent range, according to data compiled by Bloomberg and Trace.AMC, the largest movie theater chain in the U.S. and Europe, reported a first-quarter loss of $2.18 billion. The company has delayed the reopening of most theaters in the U.S. as Hollywood repeatedly shuffles release schedules due to the pandemic.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/09/2020
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Apollo’s Debt-Lawsuit Defeat to Reshape Wall Street Risk Models
- (Bloomberg) -- When Apollo Global Management Inc. and its allies sued struggling mattress maker Serta Simmons Bedding for giving an unfair advantage to creditors providing fresh cash, many on Wall Street snickered.Apollo has earned a reputation over the years for cutting distressed-debt deals that hurt existing creditors, and some bankers delighted in the role reversal. But when the private equity giant and partners including Angelo Gordon & Co. lost the lawsuit, the snickering stopped.The ruling could turn the Serta Simmons transaction into a playbook for restructuring debt that undermines a central tenet of credit markets and hands distressed borrowers a source of leverage over lenders, just as the pandemic sparks a surge in showdowns between the two sides.For all the perceived ugliness in Apollo and Angelo Gordon’s distressed deal-making approach, it differs in one big way from the Serta Simmons transaction. They generally give all existing creditors the option to take part in any new loan and, as a result, skip to the front of the repayment line alongside them if the borrower falls into bankruptcy. That’s been the market convention. The Serta Simmons financing, which it got from firms including Eaton Vance Corp. and Invesco Ltd., gave only some investors that opportunity.And so if creditors can now be pushed down the repayment pecking order without notice and have no recourse to fight back, they will be forced to reassess risk -- and potentially demand higher interest rates -- when granting loans and buying certain kinds of bonds.The Serta Simmons deal was “particularly aggressive,” said Elisabeth de Fontenay, a professor at Duke University School of Law and a former corporate lawyer. “You could absolutely see it being a big problem for credit markets.”A spokesperson for Serta Simmons said the company is confident the financing it chose was the best option available, and it is now focusing on its turnaround efforts. The mattress maker said in court filings that it fully followed the terms of its prior lending agreements, and that Apollo doesn’t even have the legal right to own its loans. A New York state court evidently agreed with Serta Simmons’s arguments earlier this month when it denied the Apollo and Angelo Gordon group’s initial efforts to block the financing.‘Substantial Damages’Representatives for Apollo, Angelo Gordon and Gamut Capital Management LP, another plaintiff, declined to comment. But the firms said when the ruling went against them that they will continue to pursue claims for “substantial damages.”Fights like these are growing increasingly common, and acrimonious, as the Covid-19 pandemic saps revenues for companies around the world, giving them less money to make debt payments and often forcing them to renegotiate the terms of their borrowings. At the end of June, there was nearly $200 billion of distressed debt outstanding.For years, investors desperate for yield have been accepting weaker and weaker protections in their lending agreements. That’s giving lenders less negotiating power now.“The underlying powder keg is there: All the documents are out there allowing for a ton of flexibility,” said Judah Gross, director of leveraged finance at Fitch Ratings, and a former restructuring lawyer. “The execution of this deal is merely the spark.”Falling LoansThe impact of the Serta Simmons transaction is already etched in the mattress company’s loan prices, with the new one quoted at about 95 cents to 100 cents on the dollar. The existing loan, which previously had the first claim on assets, is quoted at just around 24 cents to 29 cents, according to traders.Serta Simmons, based in Doraville, Georgia and owned by private equity firm Advent International Corp., last year began working with law firm Weil, Gotshal & Manges LLP and investment bank Evercore Inc. on restructuring its debt. The mattress market had grown increasingly competitive, draining the company’s profit, and the pandemic only made matters worse. Advent declined to comment.In March Serta Simmons’s board authorized a committee to consider ways to refinance, and it soon started soliciting proposals from both existing and new lenders. Angelo Gordon, which holds about $281 million of the company’s debt, and Apollo, which in March bought $192 million of Serta Simmons’s approximately $2 billion of loans that had a first claim, started working together on their proposal according to people with knowledge of the matter.The group’s plan would have moved intellectual property to a subsidiary, out of the reach of other lenders. The company’s adviser, Evercore, suggested such a move in the company’s request for financing proposals, according to a person with knowledge of the matter.Serta Simmons spoke to holders of 85% of its existing loans about possible transactions, according to a separate person with knowledge of the matter. The deal it was discussing with Eaton Vance and Invesco allowed the lenders to jump to the front of the line of creditors in any bankruptcy, ahead of other existing loan holders, in exchange for giving the company $200 million of additional debt funding.Representatives for Eaton Vance and Invesco declined to comment.Apollo Blacklisted?The mattress maker says it didn’t need to seek approval from other investors under its lending agreements, and said in previous court filings that any injunction to block the deal would damage financing prospects for distressed companies. The financing package it rejected from Apollo, Angelo Gordon and Gamut Capital would have hurt other lenders by moving assets into a new subsidiary that lenders wouldn’t have claims to in bankruptcy, the company said in court filings.In a sign of how contentious the litigation was, Serta Simmons said that Apollo doesn’t have a legal right to own its loans, because the investment firm is on the mattress company’s “blacklist.” Apollo was only able to sneak past the list by buying through a deceptively-named affiliate, the company said.Blacklisting, where some investors are forbidden from buying a company’s loans, is an accepted practice in the leveraged loan market. Apollo countered that it never hid its involvement behind an affiliate company, and was told by Serta Simmons’s administrative agent for the credit agreement that it wasn’t on any blacklist.Apollo, Angelo Gordon and Gamut tried to block the transaction from happening and got a temporary restraining order against it, which a New York state judge subsequently lifted. Now the investors are considering their next steps.“It will be interesting to see how this plays out,” said Valerie Potenza, who analyzes debt documents for Xtract Research. “Given the current economic conditions, we’ll likely see these provisions invoked more.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/09/2020
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KKR: Wall Street’s everything shop
- One thing to start: Brooks Brothers, the centuries-old purveyor of American business wear whose suits were sported by presidents including Abraham Lincoln and John F Kennedy, is to file for bankruptcy protection in the US. At this point, using the term “private equity group” to describe a financial services company like KKR or Apollo Global Management is a bit like calling Amazon an online bookstore. Sure, the buyout group that inspired the Wall Street classic Barbarians at the Gate still runs funds that snap up huge companies such as Unilever’s former margarine business to Envision, the controversial medical staffing company.
- 07/09/2020
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Coronavirus update: U.S. case tally edges over 3 million after record one-day count and Florida intensive-care units are filling up
- The number of U.S. cases of COVID-19 edged above 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record...
- 07/08/2020
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AMC Reportedly Close to a Deal to Stave Off Bankruptcy
- A report says AMC is close to a restructuring deal that will help the largest U.S. movie chain stave off a bankruptcy filing.
- 07/08/2020
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AMC Pops 12% In After-Market Amid Report Of New Restructuring Deal To Avert Bankruptcy
- Shares in AMC Entertainment Holdings Inc. (AMC) jumped 12% in extended market trading amid a report that the cash-strapped U.S. theater chain is about to strike a restructuring deal to avoid filing for bankruptcy.The stock rose to $4.61 in Tuesday’s after-market trading. The proposed deal, which is expected to be disclosed in coming days, would see bondholders providing a $200 million senior loan to swap their unsecured claims at a discount for new, second-lien debt, according to a report by the Wall Street Journal. Private-equity firm Silver Lake Group LLC, which has a representative on the company’s board and owns $600 million of convertible bonds, would swap for first-lien debt.Senior lenders including Apollo Global Management Inc. (APO), Davidson Kempner Capital Management LP and Ares Management Corp. have rejected the proposal, which would allow Silver Lake to share in the collateral pledged to them. The group made a counterproposal in recent days in which they offered to inject an additional $200 million in senior debt financing, on top of $200 million supplied by junior bondholders. As a condition of the counteroffer, the senior lenders wanted Silver Lake blocked from swapping into the top-ranking debt and subordinated beneath the senior loans in the payment line.Since mid-March, AMC Entertainment has been forced to close its movie theatres worldwide and temporarily suspend operations as a result of the global lockdowns triggered by the coronavirus outbreak. The company last month said that it is postponing the reopening of the bulk of its U.S. theatres until July 30, following date changes for the releases of two major movies, the live-action remake of Disney's Mulan and Warner Brothers’ science-fiction thriller Tenet.Imperial Capital analyst David Miller recently cut the firm's price target to $4 from $6 and maintained a Hold rating on the shares to reflect a later opening of the theater locations than he expected and added that he also expects higher rent expenses in fiscal 2021.Shares in AMC dropped 3.5% to $4.13 at the close on Tuesday taking this year’s plunge to 43%. So, it’s not surprising that the consensus of Wall Street analysts is on Hold on the company’s stock. Out of the 10 analysts covering the stock in the past three months, 6 have Holds, 3 have Sells and 1 has a Buy.Meanwhile, the $4.57 average price target implies 11% upside potential in the shares in the coming 12 months. (See AMC stock analysis on TipRanks).Related News: Canada’s Cineplex Starts Legal Action To Sue Cineworld For Damages Lucky Brand Files For Bankruptcy Protection Due To Covid-19 AMC Delays Theatre Openings; Top Analyst Cuts Price Target More recent articles from Smarter Analyst: * Synaptics Snaps Up AVGO Wireless IoT Rights; Analyst Upgrades Stock * DocuSign Buys Liveoak For $38M To Boost New Notary Offering * Uber Launching Grocery Delivery Service In Latin America, Canada, And US * Google, Deutsche Bank Forge 10-Year Cloud Partnership
- 07/08/2020
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PRESS DIGEST - Wall Street Journal - July 8
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AMC stock jumps 14% after hours on report of new financing plan
- Shares of AMC Entertainment Holdings Inc. undefined , which owns the world's largest movie theater chain, surged nearly 14% in after-hours trading Tuesday...
- 07/08/2020
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AMC shares surge after WSJ report that the company is working on deal to avoid bankruptcy
- AMC has been battered by the coronavirus, and the Wall Street Journal is reporting that the company is working on a financing deal to keep from going bankrupt.
- 07/08/2020
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AMC Shares Add 12% As Report Says Company Nears Deal To Avoid Bankruptcy
- The shares of AMC Entertainment Holdings Inc. (NYSE: AMC) surged in the after-hours session on Tuesday after a Wall Street Journal report said the company is nearing a deal that...
- 07/08/2020
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Cinema Chain AMC Nears Financing Deal to Avert Near-Term Bankruptcy
- The cinema chain is nearing a restructuring deal that would help stave off a near-term bankruptcy filing while turning down a competing financing offer from senior lenders including Apollo.
- 07/07/2020
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Apollo Investment: Headwinds And Tailwinds (OTCMKTS:AINV)
- On paper, Apollo Investment looks like a profitable dividend play with an annual payout of $1.80, which works to a yield of 19.09%.
- 07/07/2020
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Verallia: Result of the Option to Receive the 2019 Dividend Payment in New Shares
- Regulatory News: Verallia (Paris:VRLA): The Shareholders’ General Meeting of the Company held on June 10, 2020 approved the payment of a dividend of 0
- 07/07/2020
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Apollo Global Management to Announce Second Quarter 2020 Financial Results and Host Conference Call on July 30, 2020
- Apollo Global Management, Inc. (APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the second quarter of 2020 on Thursday, July 30, 2020, before the opening of trading on the New York Stock Exchange. Following the call a replay of the event may be accessed either telephonically or via audio webcast. To access the audio webcast, please visit Events and Presentations in the Stockholders section of Apollo’s website at www.apollo.com.
- 07/06/2020
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Apollo Forms “Apollo Strategic Origination Partners” Focused on Large-Scale Direct Lending
- Apollo Global Management, Inc. (APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced the formation of Apollo Strategic Origination Partners (or the “Partnership”). The new origination platform is expected to provide approximately $12 billion in financings over the next three years, targeting transactions of approximately $1 billion to help meet growing corporate demand for scaled direct origination solutions. The Partnership is anchored by Mubadala Investment Company (“Mubadala”) and certain permanent capital vehicles managed by Apollo.
- 07/06/2020
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MEDIA-Torsten Slok leaving Deutsche Bank for alternative investment firm - Bloomberg News
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No Eateries Are a Boon for Apollo’s Fresh Market and Bondholders - BNN Bloomberg
- The Fresh Market Inc. has regained some lost ground after years of falling behind bigger rivals, a rare success story when heavily indebted retailers and restaurants are getting battered by pandemic shutdowns.
- 07/02/2020
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Morgan Stanley Sticks to Its Hold Rating for BrightSphere Investment Group (BSIG) - Markets
- In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on BrightSphere Investment Group (BSIG –
- 07/02/2020
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Morgan Stanley Sticks to Their Hold Rating for Virtus Investment Partners (VRTS) - Markets
- Morgan Stanley analyst Michael Cyprys maintained a Hold rating on Virtus Investment Partners (VRTS – Research Report) today and set
- 07/02/2020
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Analysts Conflicted on These Financial Names: Blackrock (NYSE: BLK), E*Trade Financial (NASDAQ: ETFC) and Regency Centers (NASDAQ: REG) - Markets
- Analysts have been eager to weigh in on the Financial sector with new ratings on Blackrock (BLK – Research Report),
- 07/02/2020
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No Eateries Are a Boon for Apollo’s Fresh Market and Bondholders
- (Bloomberg) -- The Fresh Market Inc. has regained some lost ground after years of falling behind bigger rivals, a rare success story when heavily indebted retailers and restaurants are getting battered by pandemic shutdowns.If anything, the 159-store chain may be getting a boost from the Covid-19 outbreak as consumers demand more healthy and organic food to eat at home, according to analysts.First-quarter sales at the high-end grocery store backed by Apollo Global Management Inc. jumped 12% from a year earlier, as lockdowns set off panic buying and some competitors temporarily shut down, according to a company representative.Fresh Market’s aisles include cauliflower hummus, mushroom-asiago chicken sausages, Lacinato kale and vast selections of bulk dried fruits and nuts. Even with this gourmet array, it has struggled with too few sales and too much debt left over from Apollo’s 2016 leveraged buyout.Still, the chain managed to avoid the fate of some of its peers, with Fairway Group Holdings Corp. and Earth Fare Inc. among chains that filed for bankruptcy before the pandemic took hold. Now grocers like Fresh Market are getting more business as eateries and bars remain partially or completely closed.“They are filling the void left by restaurants,” said Miguel Gomez, director of Cornell University’s Food Industry Management Program.Fresh Market may have an edge over some larger supermarkets with its focus on organic and high-quality products, Gomez said. U.S. organic produce sales soared 22% in March at the pandemic’s start, according to an Organic Produce Network and Category Partners report.The potential for a turnaround has caught the attention of investors. Fresh Market’s 9.75% first-lien notes due 2023 are the second-biggest gainers year-to-date in the ICE BofA index of distressed companies, soaring to about 86 cents on the dollar. That’s up from a 39-cent low in March.While the private company doesn’t publicly report earnings, Fresh Market told bondholders that first-quarter sales were strong in an April 15 investor call, said the company representative.Smaller StoresFresh Market operates in 22 states from its headquarters in Greensboro, North Carolina, according to its website. The stores are smaller than traditional rivals, ranging from 18,000 to 23,000 square feet, which is about half the size of a typical supermarket.It’s controlled by Apollo, the giant New York private-equity firm, which paid about $1.4 billion to buy the chain in 2016 and financed it largely by floating new debt. But investors were shaken in 2017 after online behemoth Amazon.com Inc. bought Whole Foods Market, which then slashed prices.About half of Fresh Market’s stores were within five miles of a Whole Foods outlet, and it closed 15 locations in 2018. Last March, Fresh Market replaced Chief Executive Officer Larry Appel after two and half years with Jason Potter, 49, citing his turnaround experience.Potter spent 26 years at Canada-based Sobeys Inc., where he oversaw about 800 outlets under the Sobeys, Safeway, Foodland and Thrifty banners, according to a statement. He was one of the top executives who led a restructuring project at Empire Company Ltd., which owns Sobeys, that saved $500 million by the end of fiscal 2020. The project is expected to top its goal, Empire said in a statement.New HireIn May, Potter hired Kevin Miller, the chief marketing officer at organic retailer Natural Grocers Inc., for a similar role at Fresh Market.Potter wants to make the store a convenient “go-to” for perishables and interactive customer service, he said when he was hired. The company has promoted its “Market Meal Kits” during the pandemic, which come with packaged ingredients and step-by-step recipe instructions.The company also refinanced $125 million in loans in March, pushing out some of its debt repayments for five years. It’s still carrying about $935 million in debt, according to data compiled by Bloomberg.Click here for Fresh Market’s debt calendarFresh Market reported $141 million of unrestricted cash and $26 million of restricted cash on its balance sheet at the end of the first quarter, according to a person with knowledge of the results.Increased demand for pre-packaged food could help with the turnaround effort, said Anne Palmer, director of Johns Hopkins University’s Food Communities & Public Health program. “They appeal to people who are coming in and trying to get a fair number of their meals prepared,” Palmer said. “They dedicate a lot of their space to prepared meals and deli foods.”Analysts have speculated that the nationwide surge in sales for some retailers may have been due to people stocking up for the pandemic, and they’ve wondered if the gains may peter out.“Business was kind of booming during the peak period of Covid because people were panicking a little bit,” Palmer said. “But I do wonder if they will be able to sustain their growth.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/02/2020
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Private Equity on Edge With U.S. Plan to Name Relief Recipients - BNN Bloomberg
- Even inside battle-scared KKR & Co., entering the political fray was enough to stoke unease.
- 07/02/2020
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Ventia taps Investec for Broadspectrum unit sale
- There's no flies on CIMIC and Apollo Global Management's services business Ventia.
- 07/02/2020
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Bruxelles donne son feu vert au rachat d’Endemol Shine par le français Banijay
- Avec 3 milliards d’euros de revenus, le groupe sera le premier producteur mondial.
- 07/02/2020
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Review: Fi Smart Collar uses GPS and LTE to track your dog's location on your iPhone - 9to5Mac
- My inside dog became a part-time outside dog earlier this year when we completed our backyard fence. Apollo was over-the-moon happy to expand his playground, but as a dog owner I had mixed feelings. What if my dog dug a hole under the fence or one of the kids left the gate open and he […]
- 07/01/2020
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SoFi stadium in LA completes the largest video scoreboard ever made for pro sports
- SoFi Stadium's Oculus video scoreboard weighs roughly 2.2 million pounds and features 70,000 square feet of LED lighting, according to the National Football League.
- 07/01/2020
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U.S. loan issuance plummets in second quarter as market takes stock of new normal
- NEW YORK (LPC) - Issuance across the U.S. syndicated loan market plummeted in the second quarter as the asset class navigated a slow recovery from the novel coronavirus that left borrowers scrambling for cash to keep their businesses alive while economies around the world gradually reopen.
- 07/01/2020
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US loan issuance plummets in 2Q as market takes stock of new normal
- Issuance across the US syndicated loan market plummeted in the second quarter as the asset class navigated a slow recovery from the novel coronavirus that left borrowers scrambling for cash to keep their businesses alive while economies around the world gradually reopen. Companies from beleaguered sectors, including United Airlines and cruise ship operator Carnival Cruise Line, collectively raised billions of US dollars in new, costly loans to bolster liquidity amid a pandemic that forced many consumers to shelter at home throughout the second quarter. The wary buyside limited its exposure to low, Single B rated loans that are subject to fall to Triple C, which is just notches above a default.
- 07/01/2020
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Analysts' Opinions Are Mixed on These Financial Stocks: LPL Financial (NASDAQ: LPLA), Zurich Insurance Group (Other OTC: ZFSVF) and Deutsche Wohnen (Other OTC: DWHHF) - Markets
- Companies in the Financial sector have received a lot of coverage today as analysts weigh in on LPL Financial (LPLA
- 07/01/2020
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Funds Managed by Apollo and Merx Aviation Complete Sale-Leaseback Transaction with Delta Air Lines
- Apollo Global Management, Inc. (APO) (together with its consolidated subsidiaries “Apollo”) and Merx Aviation (“Merx”), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft. The aircraft, manufactured in 2019, were acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is serviced by Merx.
- 07/01/2020
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Banijay Group’s $2.2BN Endemol Shine Group Takeover Approved By European Commission
- Banijay Group’s $2.2BN takeover of Endemol Shine Group has been cleared by European regulators. The European Commission announced it had approved the merger in a brief notice on Wednesday. &#…
- 07/01/2020
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$5.4bn sale of Tech Data completes
- Distribution behemoth completes sale to private equity and announces $750m investment plan
- 07/01/2020
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The Richest NBA Team Owners
- These owners are mostly billionaires, but who is the richest?
- 07/01/2020
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Closing time: MDP/APM and Ventia/Broadspectrum deals complete
- Here's a boost to the local M&A world's battered confidence.
- 07/01/2020
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Sanchez Energy Successfully Completes Financial Restructuring; Emerges as Mesquite Energy, Inc.
- Sanchez Energy Corporation today announced that it has completed its financial restructuring and emerged from Chapter 11 as a privately held corporation under
- 07/01/2020
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Tech Data plant Investitionen in Höhe von rund 750 Millionen USD zur Beschleunigung der digitalen Transformation
- Nachdem die Übernahme durch Fonds, die von Tochtergesellschaften von Apollo Global Management verwaltet werden, nun abgeschlossen ist, gab Tech Data (
- 07/01/2020
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Comunicado do Business Wire :Tech Data
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Apollo Acquisition of Tech Data Closes, New Investments Coming
- Apollo's acquisition of Tech Data has closed. The investment company announced $750 million over five years to fund digital transformation projects.
- 06/30/2020
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Apollo Makes Rare Move in Latest Deal After Outbidding Buffett - BNN Bloomberg
- For the better part of a decade, private equity firms layered increasing amounts of leverage onto buyouts in a bid to amp up their returns. Tech Data Corp. appears to be one of the exceptions.
- 06/30/2020
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Apollo Makes Rare Move in Latest Deal After Outbidding Buffett
- (Bloomberg) -- For the better part of a decade, private equity firms layered increasing amounts of leverage onto buyouts in a bid to amp up their returns. Tech Data Corp. appears to be one of the exceptions.Apollo Global Management Inc.’s $6 billion take-private of the distributor of technology products only saddled the company with debt worth 2.5 times a key measure of its earnings, according to the private equity firm. Credit rating companies have said thin profit margins limit the leverage the business can support, especially in a crisis.The financing, agreed before the coronavirus pandemic, was structured in an unusual way for a buyout. It relied on loans backed by Tech Data’s receivables and inventory, which include iPhones, Cisco servers, printers and scanners stored in any of its 11 logistics centers around the world.Those asset-based loans, which are often used by retailers, are considered some of the safest for banks to underwrite, as they give creditors a direct claim on the company’s property as opposed to its future cash flow. The debt also gives Tech Data more financial flexibility, and is better suited to the company’s working capital needs.But it’s unlikely to become a new blueprint for the industry.“I don’t think this is going to be replicated by a lot of other sponsors, because it limits the amount of leverage you can put on a business,” Matt Nord, who co-leads the private equity business at Apollo, said in an interview.Credit rating firms, which are typically more conservative in their calculations, estimate Tech Data’s leverage will be higher. Moody’s Investors Service said it expects the ratio to increase to the high 4 times range over the next couple of quarters because of the global recession.“Maintaining very good liquidity is critical given adjusted operating margins of less than 2% and the need to manage working capital swings throughout the year,” Moody’s analyst Carl Salas wrote in a note this month.Still, Tech Data’s leverage is lower than what is typical on the most aggressive deals, which would be closer to 6 times or higher.Private equity firms have been able to load more debt onto buyouts in recent years, reveling in ultra-low interest rates. That’s come back to haunt some companies that are struggling to make it through Covid-19, while some banks have scaled back underwriting risk.Read more: Wall Street puts guardrails on LBO deals after crisis markdowns“When you have a lot of debt, you just have less margin for error,” said Nord. “Over the last 5 or 10 years the economy has muddled along, and we didn’t really have these big shocks - until we did.”Apollo said it turned down more aggressive financing packages from some of its banks for the deal.“A number of financial institutions pitched us a traditional bank and bond financing structure which was sub-optimal for our investment thesis,” Robert Kalsow-Ramos, a partner at Apollo said in the interview.Apollo contributed $3.75 billion of equity and sold about $2 billion of asset-based loans to institutional investors and banks earlier this month to finance the deal.The acquisition of Tech Data closed Tuesday after a nearly five-year long pursuit for Apollo, and ultimately ended with the private equity firm paying $145-per-share -- beating Warren Buffett in an auction process. When Apollo first began to meet with Tech Data, the firm was worth less than $60 a share.Apollo plans to invest $750 million of Tech Data’s cash flow over the next five years to expand its cloud platform, business analytics and security.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/30/2020
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Tech Data Plans to Invest Approximately $750 Million to Accelerate Digital Transformation
- With Tech Data’s acquisition by funds managed by affiliates of Apollo now complete, investment to be made over the next five yearsCLEARWATER, Fla. — With its acquisition by funds managed by a…
- 06/30/2020
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Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition
- Chief Executive Officer Rich Hume will continue to lead Tech Data from its headquarters in Clearwater, Florida. “Tech Data is a global, market-leading company with an excellent management team and significant opportunities for expansion,” said Matt Nord, Co-Lead Partner of Private Equity at Apollo.
- 06/30/2020
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Here Is Why Amazon Is Acquiring Zoox | The Motley Fool
- The autonomous vehicles market just got very interesting. Does acquiring Zoox make sense for Amazon?
- 06/30/2020
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Asteroid Day 2020: How to live stream space rock observing session
- ASTEROID Day 2020 arrives today, Tuesday June 30, offering enthusiasts the opportunity to view rogue space rocks in real-time. Here is how to live stream this year's International Asteroid Day.
- 06/30/2020
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Tech Data planeja investir aproximadamente US$ 750 milhões para acelerar a transformação digital
- Com a conclusão da aquisição por fundos administrados pelas afiliadas da Apollo Global Management, a Tech Data (ou “Empresa”) anunciou hoje que a Empr
- 06/30/2020
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For Apollo Hospitals, online pharmacy is the new growth frontier
- The largest hospital chain in India has started online services including pharmacy.
- 06/29/2020
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LeBron James Launches $100M Media Group Designed to 'Move the Culture'
- L.A. Lakers star LeBron James has launched a new media empire with $100 million in investor backing, that is "designed to move the culture."
- 06/29/2020
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Why a rocket launch can’t unite us right now
- There must be an acknowledgment of how broken things are on the ground
- 06/29/2020
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Former Westpac boss David Morgan in bid for NAB's MLC Wealth
- One of the godfathers of Australia's banking industry, David Morgan, is behind a bid to buy National Australia Bank's big superannuation and advice arm MLC Wealth.
- 06/29/2020
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KKR, Apollo Among Potential Buyers of NAB Unit, Reuters Reports | MarketScreener
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KKR, Apollo among suitors for National Australia Bank's wealth unit: sources
- KKR & Co Inc and Apollo Global Management Inc are among potential buyers which have conducted due diligence on National Australia Bank's wealth management unit, three sources familiar with matter told Reuters.
- 06/29/2020
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Skandinaviska Enskilda Banken AB publ Has $3.53 Million Stake in Apollo Global Management LLC (NYSE:APO)
- Skandinaviska Enskilda Banken AB publ trimmed its holdings in Apollo Global Management LLC (NYSE:APO) by 68.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,486 shares of the financial services provider’s stock after selling 226,798 shares during the period. […]
- 06/29/2020
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IIFL Finance in talks to sell wholesale loan book
- IIFL Finance, SSG Capital, Cerberus and Apollo did not respond to ETs emails till press time Sunday.
- 06/29/2020
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KKR, Apollo among suitors for National Australia Bank's wealth unit: sources | MarketScreener
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Oil Giant Files For Bankruptcy While Its Executives Receive $25 Million Dollars
- Companies claim that the retention bonuses are necessary to keep management teams in place. This tone-deaf defense ignores the obvious questions: Why should the executives who preside over a failing company be richly rewarded? Shouldn’t their pay be clawed back due to poor performance?
- 06/29/2020
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Tiger Merger Sub Co. Extends Expiration Date to June 29, 2020 for Tender Offers and Consent Solicitations Relating to Tech Data Corporation’s 3.700% Senior Notes due 2022 and 4.950% Senior Notes due 2027
- Tiger Merger Sub Co. (the “Offeror”), an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, “Apollo”), announced today that it has further extended the Expiration Date (as defined in the Offer to Purchase (as defined below)) for the previously announced Tender Offers and Consent Solicitations (each as defined below) relating to Tech Data Corporation’s (i) 3.700% Senior Notes due 2022 (the “2022 Notes”) and (ii) 4.950% Senior Notes due 2027 (the “2027 Notes” and, together with the 2022 Notes, the “Notes”). The Expiration Date was previously extended to June 26, 2020. As a result of this further extension, the Expiration Date will now be 5:00 p.m., New York City time, on June 29, 2020 (unless further extended or earlier terminated).
- 06/26/2020
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Albertsons Shares Disappoint on Trading Debut
- Albertsons, the nation’s second largest grocer, went public on Friday, becoming one of the few recent IPOs to deliver a lackluster first day. Shares of the grocer traded briefly above their $16 initial public offering price. The poor performance comes after Albertsons raised $800 million late Thursday.
- 06/26/2020
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PACIFIC DRILLING S.A. : Change in Directors or Principal Officers (form 8-K) | MarketScreener
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Albertsons Falters in Debut After $800 Million IPO Letdown
- (Bloomberg) -- Albertsons Cos. emerged from 14 years of private ownership by Cerberus Capital Management with a whimper Friday, as its shares sagged after a shrunken initial public offering.The stock opened in New York at $15.50 each having priced at $16, below the targeted price range of $18 to $20. Private equity firm Cerberus and other backers of the supermarket chain sold just 50 million shares to raise $800 million, having earlier offered 65.8 million shares to potential investors.The shares never rose more than 3.1% Friday and closed down 3.4% to $15.45 in New York, giving Albertsons a market value of about $7.4 billion.While the coronavirus pandemic has boosted the grocer’s business, the company had total debt of $8.7 billion as of its last fiscal year, according to its filings. That makes it more levered than U.S. supermarket rivals Sprouts Farmers Market Inc. and Grocery Outlet Holding Corp., according to data compiled by Bloomberg. It’s also behind rivals like Walmart Inc. and Kroger Co. in rolling out popular services like free curbside pickup of online orders.Chief Executive Officer Vivek Sankaran, a former PepsiCo Inc. executive who took the top job last year, said in an interview the company has gained market share in recent months thanks to a “significant increase” in new shoppers, both in-store and online, as Americans shifted to consume more food at home. He said the company will invest more to accelerate its e-commerce business, which grew 278% in the first 12 weeks of its fiscal year. Albertsons’ own private-label food brands, four of which generate more than $1 billion in sales, are another opportunity for growth, he said.Albertsons’ public debut came after a failed attempt five years ago. In 2015, the company filed for a listing to raise as much as $1.7 billion before postponing and eventually withdrawing that plan. A multibillion-dollar merger with Rite Aid Corp. was scrapped in 2018 after opposition to the deal ahead of a shareholder vote, leaving Cerberus again searching for an exit.The IPO was the first in the U.S. to price below its marketed range since GFL Environmental Inc.’s $1.4 billion offering on March 3.Grocery, SoftwareAlbertsons’ disappointing showing contrasted with the U.S. trading debut of communications software company Agora Inc., which priced its shares above its marketed range to raise $350 million on Thursday. Showing the continuing strength of technology listings, Agora shares rose as much as 179% from the offer price. The shares closed up 153% to $51.50 in New York trading, giving the company a market value of $4.1 billion.For the year ended Feb. 29, Albertsons earned $466 million on revenue of more than $62 billion, compared with a loss of $502 million on revenue of $59 billion in fiscal 2015, according to its filings.Albertsons’ business might have stabilized, but limited new store openings could make it difficult to keep growing revenue, and put rivals at an advantage, Bloomberg Intelligence’s senior analyst Jennifer Bartashus wrote in a report. It may also be difficult for Albertsons to gain market share as it trails key peers in e-commerce, Bartashus said.Analysts at Jefferies predicted in March, as the Covid-19 pandemic kept people away from restaurants, that “frenzied food-at-home buying” could add $90 billion in revenue to the packaged food industry over three months. But many shoppers have been choosing online deliveries over trying to stay socially distant in the supermarket aisles. Instacart Inc.’s valuation, for example, hit $13.7 billion in a funding round after the popularity of the grocery delivery service exploded, up from the the $7.9 billion value it fetched in 2018.Cerberus StakeNew York-based Cerberus first invested in Albertsons in 2006 in a $17.4 billion acquisition alongside CS Corp. and Supervalu Inc., neither of which remain investors. Based on a larger IPO planned earlier, Cerberus’s stake was to be trimmed to 31% from 37% after the listing. Boise, Idaho-based Albertsons won’t receive any proceeds in this week’s share sale.Apollo Global Management Inc. put in $1.75 billion in Albertsons in May through a preferred stock offering, equal to a 17.5% stake in the grocer after the conversion.U.S. IPOs have snapped back in June after equity market volatility killed off deals in March and April. A total of $13.2 billion was raised from 31 listings this month alone, including a $2.5 billion offering from Royalty Pharma Plc and Warner Music Group Corp.’s $1.9 billion deal, according to data compiled by Bloomberg. June is set to be the fifth busiest month for U.S. IPO in the past decade including Albertsons’ listing, the data show.The grocer’s listing was led by Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc. The company’s shares trade on the New York Stock Exchange under the symbol ACI.(Updates with closing share price in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/26/2020
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Albertsons Goes Public as Coronavirus Pandemic Upends Grocery Business
- The nation’s second-largest supermarket chain started trading publicly after years of unsuccessful attempts, buoyed by strong demand for groceries as consumers cook more at home during the coronavirus pandemic.
- 06/26/2020
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Muzak Owner Heads Back to Bankruptcy for New Debt-Cutting Effort - BNN Bloomberg
- Mood Media Corp., which provides shopping music to businesses, plans to file for bankruptcy by the end of July in an effort to tame its debt for the second time since 2017.
- 06/26/2020
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CEC Entertainment, Inc. -- Moody's downgrades CEC Entertainment's PDR to D-PD following Chapter 11 filing
- Moody's Investors Service, ("Moody's") downgraded CEC Entertainment, Inc.'s ("CEC") probability of default rating (PDR) to D-PD from Caa3-PD following the company's announcement [1] that it has commenced voluntary Chapter 11 proceedings. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.
- 06/26/2020
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Italy's Generali Moves to Become Cattolica Major Shareholder, Strategic Partner
- Italy's largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with
- 06/26/2020
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Investors see 'king of distress' Apollo having its best ever crisis
- A credit crunch is hitting many indebted companies, and Apollo Global Management Inc never had it so good.
- 06/26/2020
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El ascenso y la caída de Chuck E. Cheese, que acaba de declararse en quiebra
- La empresa matriz de la cadena, CEC Entertainment, solicitó apoyo para cubrir sus responsabilidades financieras en EU, citando razones relacionadas con la pandemia.
- 06/26/2020
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LeBron James réunit 100 millions de dollars pour son projet de média
- Le champion de basket veut constituer un nouvel empire avec SpringHill, capable de représenter l'Amérique dans sa diversité. Sa structure a déjà produit des films et des jeux télévisés, à un moment charnière pour les Etats-Unis.
- 06/26/2020
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Pandemic takes a bite, Chuck E. Cheese files for bankruptcy
- Chuck E Cheese is filing for bankruptcy protection
- 06/26/2020
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Investors see 'king of distress' Apollo having its best ever crisis
- Investors see 'king of distress' Apollo having its best ever crisis
- 06/26/2020
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Albertsons pulls off downsized IPO after years of trying
- U.S. supermarket operator Albertsons Companies Inc decided to go ahead with a downsized $800 million initial public offering (IPO) on Thursday, the culmination of multiple attempts by its private equity owner Cerberus Capital Management LP to cash out.
- 06/25/2020
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Albertsons pulls off downsized IPO after years of trying
- U.S. supermarket operator Albertsons Companies Inc decided to go ahead with a downsized $800 million initial public offering (IPO) on Thursday, the culmination of multiple attempts by its private equity owner Cerberus Capital Management LP to cash out.
- 06/25/2020
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Consumer Cos Up As Investors Shrug Off Jobless Data, Retail Struggles -- Consumer Roundup
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Chuck E. Cheese parent is latest US casualty of virus crisis
- BENGALURU • Restaurant chain Chuck E. Cheese parent CEC Entertainment filed for Chapter 11 bankruptcy yesterday, making it the latest casualty of the coronavirus pandemic that has crushed entertainment and leisure industries globally.. Read more at straitstimes.com.
- 06/25/2020
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Pandemic takes a bite, Chuck E. Cheese files for bankruptcy
- Chuck E. Cheese - where kids could be kids while parents nursed headaches - is filing for bankruptcy protection.
The 43-year-old chain, which drew kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic. But it said the prolonged closure of many outlets due to coronavirus restrictions led to Thursday's Chapter 11 filing.
CEC Entertainment Inc. has reopened 266 of its 555 company-operated Chuck E. Cheese and Peter Piper Pizza restaurants as restrictions ease, but it's unclear how willing parents will be to host birthday parties and other gatherings. The Irving, Texas-based company said it will continue to reopen locations and offer carryout and delivery while it negotiates with debt and lease holders.
CEC and its franchisees operate 734 restaurants in 47 states and 16 countries. Franchised locations aren't included in the bankruptcy filing, the company said.
CEC listed nearly $2 billion in debt and $1.7 billion in assets in its bankruptcy petition, which was filed with the U.S. Bankruptcy Court in southern Texas.
"The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our company's history" said CEO David McKillips in a prepared statement.
The restaurant industry has been devastated by the coronavirus. Transactions at U.S. family dining restaurants plummeted more than 80% in mid-April, the height of the pandemic in the U.S., according to The NPD Group, a data and consulting firm.
Orlando-based FoodFirst Global Restaurants, which owns the Brio Tuscan Grille and Bravo Cucina Italiana Italian restaurant chains, filed for bankruptcy protection in April. BarFly Ventures, which owns HopCat and other bars in the Midwest,...
- 06/25/2020
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Breakingviews - Corona Capital: U.S.-China fight, Canada downgrade
- (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
- 06/25/2020
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Pandemic takes a bite out of Chuck E. Cheese; chain files for bankruptcy
- The company has reopened 266 company-operated Chuck E. Cheese and Peter Piper Pizza restaurants, but it’s unclear how willing parents will be to host birthday parties and other gatherings.
- 06/25/2020
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Apollo Global Management : Chuck E. Cheese, Home of Kids' Pizza Parties, Undone by Covid-19 -- Update | MarketScreener
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Chuck E. Cheese parent files for bankruptcy as COVID-19 deals fresh blow
- The parent company of Chuck E. Cheese, the once popular children-themed restaurant chain, filed for Chapter 11 bankruptcy on Thursday, saddled by a huge pile of debt and dismal sales because of lockdowns across the country.
- 06/25/2020
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Chuck E. Cheese Files for Bankruptcy
- Amid nationwide restaurant reopenings, family-friendly arcade and pizza place Chuck E. Cheese is filing for bankruptcy protection. Parent company CEC Entertainment Inc. filed for bankruptcy on Thursday after 43 years of business, it announced in a statement on Thursday. Though the chain had been struggling before COVID-19, prolonged closures as a result of the pandemic […]
- 06/25/2020
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BANKRUPTCY WATCH: Chuck E. Cheese Latest to Declare as COVID-19 Takes its Toll | The Motley Fool
- The kids food and entertainment chain had no backup plan for the forced closure of its restaurants.
- 06/25/2020
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The Rise and Fall of Chuck E. Cheese, Which Just Filed for Bankruptcy
- The chain's parent company, CEC Entertainment, filed for Chapter 11 on Thursday, citing pandemic-related reasons.
- 06/25/2020
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Breakingviews - Corona Capital: Chuck E. Cheese, Pret A Manger
- (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
- 06/25/2020
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