Edition:
United States

Apollo Global Management LLC (APO.N)

APO.N on New York Stock Exchange

21.04USD
17 Jan 2017
Change (% chg)

$-0.38 (-1.77%)
Prev Close
$21.42
Open
$21.40
Day's High
$21.41
Day's Low
$20.95
Volume
158,691
Avg. Vol
181,064
52-wk High
$21.64
52-wk Low
$12.36

Latest Key Developments (Source: Significant Developments)

ICICI Bank and Apollo to collaborate in asset resolution
Monday, 1 Aug 2016 06:30am EDT 

ICICI Bank Ltd : ICICI Bank and Apollo to collaborate in asset resolution . ICICI bank-co, Apollo India credit opportunity management, Aion capital management entered into MoU for working together for debt resolution in India . MoU envisages establishment of asset reconstruction co, and acquisition of debt exposures from lenders as well as equity stakes in companies . Objective of partnership to streamline operations of borrowers, facilitate deleveraging and arrange additional funding on a case-by-case basis . Initiative will seek to revitalize distressed assets and maximize economic value .  Full Article

Outerwall to be acquired by Apollo Global Management affiliates
Monday, 25 Jul 2016 08:30am EDT 

Outerwall Inc : Outerwall enters into definitive merger agreement to be acquired by certain funds managed by affiliates of Apollo Global Management for $52.00 per share in cash . Transaction valued at approximately $1.6 billion . Board of directors declares $0.60 quarterly dividend . Transaction will be completed through an all-cash tender offer. . Transaction, was unanimously approved by Outerwall's board of directors . Financing for deal is being provided by Bank Of America Merrill Lynch, Jefferies Finance Llc, Barclays and Credit Suisse .Transaction will be completed through an all-cash tender offer.  Full Article

Bank of Italy receives three bids for small rescued banks
Friday, 22 Jul 2016 08:26am EDT 

Bank of Italy says: has received three binding offers for four small banks rescued in November . U.S. fund Apollo Global Management and private equity firm Lone Star have submitted two bids, a source close to the matter said on Thursday [nI6N19S02G] Further company coverage: [APO.N] (Reporting by Milan newsroom).  Full Article

Apollo weighing IPO of IT services firm Presidio Holdings- WSJ, citing sources
Thursday, 21 Jul 2016 03:09pm EDT 

: Apollo weighing IPO of IT services firm Presidio Holdings- WSJ, citing sources . Presidio plans to interview IPO bankers next week, listing could value it at more than $2 billion, including debt-WSJ, citing sources Source (http://on.wsj.com/29WVkdp) (Reporting by Parikshit Mishra) ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;)).  Full Article

Apollo Global Management's funds announce commencement of cash tender offer
Thursday, 14 Jul 2016 04:05pm EDT 

Apollo Global Management Llc :Certain Funds Affiliated With Apollo Global Management announce commencement of cash tender offer to buy all shares of Diamond Resorts International.  Full Article

Ferro drawing final-round interest from Apollo, CVC - Bloomberg
Wednesday, 6 Jul 2016 01:14pm EDT 

:Ferro Corp drawing final-round interest from Apollo Global Management Llc, Cvc Capital Partners, Rhone Capital - Bloomberg, citing sources.  Full Article

Hostess Brands announces sale agreement with Gores Holdings
Tuesday, 5 Jul 2016 06:30am EDT 

Hostess Brands : Transaction introduces hostess as a publicly listed company . Hostess brands says anticipated initial enterprise value of approximately $2.3 billion . Along with $375 million cash in gores holdings' trust account, additional investors committed to participate via $350 million private placement . Gores holdings' sponsor has agreed to cancellation of a portion of 9.4 million founder shares . Transaction has been unanimously approved by boards of directors of both gores holdings and hostess . Funds managed by affiliates of apollo global management and c. Dean metropoulos and family to hold an about 42% combined stake in gores holdings after deal . Hostess brands, maker of twinkies®, announces sale agreement with gores holdings, inc. . Dean metropoulos and william toler will continue to lead company as executive chairman and chief executive officer, respectively . Gores holdings will also enter into a tax receivable agreement with sellers .Company's estimated 2016 adjusted ebitda is approximately $220 million.  Full Article

Austrian lender Raiffeisen completes sale of Slovenian unit
Thursday, 30 Jun 2016 09:26am EDT 

Raiffeisen Bank International : Says closes sale of Raiffeisen Banka in Slovenia . Says the buyer is Biser Bidco, which is owned by Apollo Global Management and the EBRD, it was agreed that the sales price would be kept confidential . Says expected deconsolidation effect on consolidated result will amount to about minus eur 53 million which has already been recognized in Q4 2015 and in Q1 2016 . Says the Slovenian Raiffeisen Leasing d.o.o. is not included in the transaction . Says at the closing it will have a slightly positive effect on RBI’s CET1 ratio (fully loaded) Further company coverage: [RBIV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Diamond Resorts International to be acquired by Apollo Global Management
Wednesday, 29 Jun 2016 09:05am EDT 

Diamond Resorts International Inc : Diamond Resorts International Inc enters into definitive merger agreement to be acquired by affiliates of certain funds managed by affiliates of Apollo Global Management for $30.25 per share in cash . Deal for approximately $2.2 billion . To be acquired by affiliates of certain funds managed by affiliates of Apollo Global Management for $30.25 per share in cash . Says transaction will be completed through an all-cash tender offer . Says financing is being provided by Barclays, Royal Bank of Canada, and Jefferies . Says there is no financing condition to completion of tender offer and merger .Transaction will result in co becoming a privately held co, Diamond Resorts' shares will no longer be listed on any public market.  Full Article

Apollo Global nears deal to buy Diamond Resorts- WSJ
Wednesday, 29 Jun 2016 08:00am EDT 

: Apollo Global nears deal to buy Diamond Resorts- WSJ, citing sources Source (http://on.wsj.com/29eHgZ9) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Photo

Sale of small Italian banks to UBI delayed at Commission's request: sources

MILAN The sale of three small Italian banks, rescued in 2015, to bigger rival UBI has been delayed by at least a week at the request of the European Commission, three sources close to the matter said.