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Apollo Global Management LLC (APO)

APO on New York Consolidated

21 Oct 2016
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$0.05 (+0.28%)
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Latest Key Developments (Source: Significant Developments)

Double Eagle and Veritas Energy forming midland basin E&P operator
Monday, 3 Oct 2016 08:00am EDT 

Apollo Global Management : Funds affiliated with Apollo Global Management and Post Oak Energy Capital announce merger of Double Eagle and Veritas Energy, forming premier midland basin E&P operator .Newly combined company, which is called Double Eagle Energy Permian Llc has more than 63,000 core midland basin net acres.  Full Article

SEC charges two with insider trading ahead of ADT takeover
Thursday, 22 Sep 2016 03:00pm EDT 

Apollo Global Management LLC : U.S. SEC files insider trading charges against colin whelehan, sheren tsai -- court filing . Defendants are accused of insider trading in adt corp securities prior to takeover by Apollo Global Management LLC . SEC says whelehan, a harvard graduate, and tsai, an nyu graduate, were employed at investment advisers . SEC says tsai was whelehan's girlfriend at the time . SEC lawsuit filed in Manhattan federal court seeks to recoup illegal gains, impose civil fines.  Full Article

Rackspace Hosting - Upon deal termination Apollo will pay fee of $253 million
Tuesday, 30 Aug 2016 10:06am EDT 

Rackspace Hosting Inc: Upon termination of deal under specified circumstances, apollo will be required to pay co termination fee of $253 million .Upon termination of deal under other circumstances, company will be required to pay apollo a termination fee of $112 million.  Full Article

Affiliates of certain funds managed by affiliates of Apollo Global Management announce extension of tender offer
Tuesday, 23 Aug 2016 06:24pm EDT 

Apollo Global Management LLC: Affiliates of certain funds managed by affiliates of co determined to further extend offering period of cash tender offer .Cash tender offer to purchase common stock of diamond resorts international extended to Aug. 30, 2016.  Full Article

Nike, Apollo Global in partnership for apparel manufacturing
Thursday, 18 Aug 2016 04:15pm EDT 

Apollo Global Management : Affiliates of Apollo Global Management and Nike Inc announce strategic partnership for apparel manufacturing in the Americas . Terms of agreements were not disclosed . Investment is made by Apollo-managed special situations I fund . For partnership, a new apparel supply chain company has acquired existing apparel suppliers in north and central America .New supply chain company has acquired apparel manufacturer New Holland & embellishment, warehousing and logistics operator ArtFx.  Full Article

Diamond Resorts says Q2 net income falls 28.5 pct
Monday, 8 Aug 2016 09:25am EDT 

Diamond Resorts International Inc : Diamond Resorts International, Inc. reports second quarter 2016 financial results . Q2 revenue $245.7 million . Net income for Q2 decreased $10.1 million, or 28.5%, to $25.5 million .Q2 revenue view $269.8 million -- Thomson Reuters I/B/E/S.  Full Article

Apollo Global Management reports Q2 results
Wednesday, 3 Aug 2016 07:00am EDT 

Apollo Global Management Llc :Apollo Global Management Llc reports second quarter 2016 results.  Full Article

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

Anglo close to selling Australian coal assets to Apollo consortium: sources

SYDNEY/LONDON Anglo American is expected to finalize a $1 billion-plus sale of its Australian coal assets to a group headed by private equity group Apollo Global Management in the coming weeks, three sources with knowledge of the deal said. "Anglo American and Apollo entered into a two-week exclusivity period due to expire next week," said one of the sources in continuous contact with advisers to the deal. "We think it is going to go to Apollo next week."