Key Developments: Apollo Global Management LLC (APO)
23.92USD
23 May 2013
$-1.21 (-4.82%)
$25.13
$24.51
$24.55
$23.33
2,894,006
1,390,760
$28.14
$10.99
Latest Key Developments (Source: Significant Developments)
Apollo Global Management LLC Announces Pricing of Public Offering of Class A Shares
Apollo Global Management LLC announced the pricing of its previously announced public offering for resale of approximately 21.1 million Class A shares owned by its strategic investors and certain of its managing partners, certain of its contributing partners and certain employees (collectively, the Selling Shareholders) at a price to the public of $25.00 per Class A share. The Selling Shareholders have granted to the underwriters of the offering an option to purchase up to approximately 3.2 million additional Class A shares. Apollo will not receive any of the proceeds from the sale of Class A shares by the Selling Shareholders. The offering is expected to be consummated on or about May 17, 2013, subject to certain customary closing conditions. The offering is being made pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. The co-managers for the offering are BofA Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., UBS Securities LLC, Wells Fargo Securities, LLC and Apollo Global Securities, LLC. Full Article
Apollo Global Management LLC Announces Launch of Public Offering of Class A Shares
Apollo Global Management LLC announced a public offering for resale of approximately 21.1 million Class A shares owned by its strategic investors and certain of its managing partners, contributing partners and certain employees (collectively, the Selling Shareholders). The Selling Shareholders will grant to the underwriters of the offering an option to purchase up to approximately 3.2 million additional Class A shares. Apollo will not receive any of the proceeds from the sale of Class A shares by the Selling Shareholders. The offering will be made under Apollo`s registration statement on Form S-3 filed with the Securities and Exchange Commission. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. The co-managers for the offering are BofA Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc., UBS Securities LLC, Wells Fargo Securities, LLC and Apollo Global Securities, LLC. Full Article
Apollo Global Management LLC Declares First Quarter 2013 Distribution
Apollo Global Management LLC announced that it has declared a first quarter 2013 cash distribution of $0.57 per Class A share, which comprises a regular distribution of $0.07 per Class A share and a quarterly distribution of $0.50 per Class A share primarily attributable to fund realizations and interest and dividend income earned by our funds. This distribution will be paid on May 30, 2013 to holders of record at the close of business on May 16, 2013. Full Article
Bankia SA To Sell FINANMADRID E.F.C., S.A.U. To Apollo Global Management LLC's Subsidiary
Bankia SA announced that it has signed an agreement with Apollo European Principal Finance Fund II, a subsidiary of Apollo Global Management LLC, for the sale of FINANMADRID E.F.C., S.A.U. Total value of the transaction is EUR 1.6 million. The closing of the transaction is subject to the competition authorities and compliance with regulatory conditions that are applicable under legislation. Full Article
Apollo Global Management LLC Declares Fourth Quarter 2012 Cash Distribution
Apollo Global Management LLC announced that it has declared a fourth quarter 2012 cash distribution of $1.05 per Class A share, which comprises a regular distribution of $0.07 per Class A share and a quarterly distribution of $0.98 per Class A share primarily attributable to fund realizations and interest and dividend income earned by funds. This distribution will be paid on February 28, 2013 to holders of record at the close of business on February 20, 2013. Full Article
Apollo Global Management LLC and C. Dean Metropoulos & Co Near Deal For Hostess Twinkies-Reuters
Reuters reported that Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said. A deal for roughly $400 million, part of Hostess Brands Inc's HTBRS.UL bankruptcy process, could be announced, said one of the sources, who declined to be identified as the discussions are not public. The so-called stalking horse bid by the private equity firms would serve as the baseline offer for the business, which also includes Dolly Madison bread and Hostess cupcakes. It could still be topped by others at an auction. Full Article
Affiliates Of Apollo Global Management LLC To Acquire AURUM Holdings Limited
Affiliates of Apollo Global Management, LLC (collectively with its subsidiaries Apollo) announced that they have signed a definitive agreement to acquire AURUM Holdings Limited (AURUM), the jewellery retailer in the United Kingdom which includes the Watches of Switzerland, Mappin & Webb and Goldsmiths brands within its portfolio. The acquisition is expected to close in the first quarter of 2013 and is subject to customary closing conditions. Apollo was advised by DC Advisory for the purpose of raising the financing of the acquisition. Terms of acquisition were not disclosed. Full Article
McGraw-Hill Companies Inc Announces To Sell Education Business To Apollo Global Management LLC For $2.5 Billion
McGraw-Hill Companies Inc announced that it has signed a definitive agreement to sell its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management LLC (collectively with its subsidiaries, Apollo), for a purchase price of $2.5 billion, subject to certain closing adjustments. As part of this transaction, McGraw-Hill will receive $250 million in senior unsecured notes issued by the purchaser at an annual interest rate of 8.5%. The transaction, which is expected to close in late 2012 or early 2013, is subject to regulatory approval and customary closing conditions. Full Article
Apollo Global Management LLC Declares Dividend
Apollo Global Management LLC announced third quarter 2012 cash distribution of $0.40 per Class A share, which comprises a regular distribution of $0.07 per Class A share and a quarterly distribution of $0.33 per Class A share primarily attributable to fund realizations and interest and dividend income earned by funds. This distribution will be paid on November 30, 2012 to holders of record at the close of business on November 23, 2012. Full Article
Apollo Global Management LLC In Talks To Buy McGraw-Hill Companies Inc's Educational Publishing Unit-Reuters
Reuters reported that Apollo Global Management LLC is in exclusive talks to buy the educational publishing unit of McGraw-Hill Companies Inc, prevailing over rival bidders Cengage Learning Inc and buyout firm Bain Capital LLC. The exact offer price by Apollo could not be learned on Tuesday, but people familiar with the matter said previously that McGraw-Hill Education could be valued at around $3 billion. McGraw-Hill has sought to fetch more than $3 billion from the sale and could still choose to spin off the unit as initially planned if buyout offers fall short of expectations, the people familiar with the matter said previously. Full Article
Dutch aluminum products maker Constellium NV trades down in debut
May 23 - Dutch aluminum products maker Constellium NV's shares opened 10 percent below their IPO price in their debut on the New York Stock Exchange, valuing the company at $1.36 billion.
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