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Apollo Global Management Inc (APO.N)

APO.N on New York Stock Exchange

44.65USD
6 Dec 2019
Change (% chg)

$0.11 (+0.25%)
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Latest Key Developments (Source: Significant Developments)

Tech Data Amends Deal To Be Bought By Funds Managed By Apollo Global Affiliates At Increased Consideration Of $145/Share In Cash
Thursday, 28 Nov 2019 

Nov 27 (Reuters) - Tech Data Corp ::TECH DATA ENTERS INTO AN AMENDMENT TO ITS DEFINITIVE AGREEMENT TO BE ACQUIRED BY FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT AT AN INCREASED CONSIDERATION AMOUNT OF $145 PER SHARE IN CASH.REVISED TRANSACTION HAS AN ENTERPRISE VALUE OF APPROXIMATELY $6.0 BILLION.AMENDMENT WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF TECH DATA.TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION AND IS EXPECTED TO CLOSE IN FIRST HALF OF CALENDAR YEAR 2020.AMENDMENT APPROVED BY BOARD OF DIRECTORS OF CO, REVISED PURCHASE PRICE REPRESENTS AN 11.5% INCREASE IN PRICE PER SHARE OF CO'S STOCK IN ORIGINAL AGREEMENT.TERMS OF ORIGINAL AGREEMENT PROVIDE TECH DATA TO BE PERMITTED TO SOLICIT ALTERNATIVE PROPOSALS FROM THIRD PARTIES IN "GO-SHOP" PERIOD.  Full Article

Shutterfly Names Hilary Schneider As Chief Executive Officer
Wednesday, 27 Nov 2019 

Nov 26 (Reuters) - Shutterfly::SHUTTERFLY, INC. NAMES HILARY SCHNEIDER AS PRESIDENT AND CHIEF EXECUTIVE OFFICER.SHUTTERFLY- ANNOUNCED APPOINTMENT OF HILARY SCHNEIDER AS PRESIDENT AND CHIEF EXECUTIVE OFFICER, EFFECTIVE JAN 15, 2020, SUCCEEDING RYAN O'HARA.SHUTTERFLY - NAMED DWAYNE BLACK AND JIM HILT AS INTERIM CO-CEOS DURING TRANSITION PERIOD, UNTIL SCHNEIDER'S PLANNED START DATE.  Full Article

Intrado To Divest Claims Recovery Business For $155 Mln
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Intrado Corp::INTRADO TO DIVEST CLAIMS RECOVERY BUSINESS.INTRADO - AGREEMENT WITH HMS HOLDINGS FOR SALE OF INTRADO'S CLAIMS RECOVERY BUSINESS FOR $155 MILLION.  Full Article

Steinhoff Says Alteri Investors To Buy Blue Group Hold From Co
Friday, 15 Nov 2019 

Nov 15 (Reuters) - Steinhoff International Holdings NV ::ALTERI INVESTORS TO ACQUIRE BENSONS FOR BEDS, HARVEYS FURNITURE AND ASSOCIATED GROUP OF MANUFACTURING COMPANIES.ALTERI INVESTORS TO ACQUIRE BENSONS FOR BEDS, HARVEYS FURNITURE AND ASSOCIATED GROUP OF MANUFACTURING COMPANIES.WITH BACKING OF NEW OWNERS, MANAGEMENT WILL BE ABLE TO DRIVE CONTINUED IMPROVEMENT IN PERFORMANCE OF GROUP.ALTERI INVESTORS REACHED AGREEMENT TO ACQUIRE BLUE GROUP HOLD CO LTD FROM STEINHOFF INTERNATIONAL HOLDINGS N.V..ALTERI INVESTORS WILL WORK WITH MANAGEMENT TEAM TO DEVELOP STRATEGY TO TRANSFORM GROUP'S PROFITABILITY..SALE OF BLUE GROUP IS LATEST IN A SERIES OF PLANNED DIVESTMENTS BY STEINHOFF.INVESTMENT TO BE MADE FROM ALTERI'S INVESTMENT VEHICLE WITH BACKING OF FUNDS & ACCOUNTS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT.  Full Article

Rackspace To Acquire Onica, A Cloud-Native Consulting And Managed Services Company
Monday, 4 Nov 2019 

Nov 4 (Reuters) - Rackspace::RACKSPACE TO ACQUIRE ONICA, A CLOUD-NATIVE CONSULTING AND MANAGED SERVICES COMPANY.RACKSPACE - TERMS OF TRANSACTION WERE NOT DISCLOSED.RACKSPACE - GARDEN AND ONICA CHIEF TECHNOLOGY OFFICER TOLGA TARHAN WILL CONTINUE TO LEAD ONICA TEAM.  Full Article

Carlyle Is Leading Bidder To Acquire Arriva Group From Deutsche Bahn - Sky News
Friday, 1 Nov 2019 

Nov 1 (Reuters) - :CARLYLE IS THE LEADING BIDDER TO ACQUIRE ARRIVA GROUP FROM THE GERMAN TRANSPORT COMPANY DEUTSCHE BAHN - SKY NEWS.CARLYLE HAS ENTERED EXCLUSIVE TALKS TO BUY ARRIVA GROUP IN A DEAL WORTH ABOUT €2.5 BILLION- SKY NEWS.  Full Article

Apollo Global Management, Inc. Reports Third Quarter 2019 Results
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Apollo Global Management Inc ::APOLLO GLOBAL MANAGEMENT, INC. REPORTS THIRD QUARTER 2019 RESULTS.  Full Article

Athene And Apollo Announce Transaction To Strengthen Strategic Relationship And Eliminate Athene’s Multi-Class Share Structure
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Apollo Global Management Inc ::ATHENE AND APOLLO ANNOUNCE TRANSACTION TO STRENGTHEN STRATEGIC RELATIONSHIP AND ELIMINATE ATHENE’S MULTI-CLASS SHARE STRUCTURE.ATHENE HOLDING LTD - APOLLO BUYING 18% INCREMENTAL STAKE IN ATHENE AT A PREMIUM TO INCREASE ALIGNMENT.ATHENE HOLDING LTD - 7.5 MILLION ATHENE SHARES FOR CASH AT $46.20 PER SHARE.ATHENE HOLDING LTD - TRANSACTION EXPECTED TO BE MODESTLY ACCRETIVE TO ATHENE'S ADJUSTED OPERATING EARNINGS PER SHARE.ATHENE HOLDING LTD - ATHENE AUTHORIZING $600 MILLION OF INCREMENTAL SHARE REPURCHASE CAPACITY.ATHENE HOLDING LTD - 28.0 MILLION ATHENE SHARES FOR A 7% EQUITY STAKE IN APOLLO.ATHENE HOLDING LTD - ATHENE CONVERTING TO SINGLE-CLASS SHARE STRUCTURE.ATHENE HOLDING LTD - INCREMENTAL SHARE REPURCHASE CAPACITY, FUNDED IN PART FROM $1 BILLION OF EXCESS CAPITAL CREATED BY TRANSACTION.ATHENE HOLDING LTD - TRANSACTION INCLUDES A SHARE EXCHANGE BETWEEN APOLLO AND ATHENE, PURCHASE BY APOLLO OF ATHENE SHARES.ATHENE HOLDING LTD - APOLLO'S OPERATING GROUP ENTITIES WILL ACQUIRE ABOUT 35.5 MILLION COMMON SHARES OF ATHENE FOR APPROXIMATELY $1.55 BILLION.ATHENE HOLDING LTD - DEAL EXPECTED TO INCREASE ECONOMIC OWNERSHIP BY APOLLO AND CERTAIN OF ITS RELATED PARTIES AND EMPLOYEES TO APPROXIMATELY 35%.ATHENE HOLDING LTD - ATHENE WILL NOT HAVE A LOCK-UP ON ITS APOLLO OPERATING GROUP EQUITY.ATHENE HOLDING LTD - PROPOSED TRANSACTION WILL ADD APPROXIMATELY $1.6 BILLION OF CAPITAL FOR ATHENE.  Full Article

Athene Holding Says Athene Life Re Ltd. Entered Into A Framework Agreement With Athene Co-Invest Reinsurance Affiliate 1A
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Athene Holding Ltd ::ATHENE HOLDING LTD - ON SEPTEMBER 11, ATHENE LIFE RE LTD. ENTERED INTO A FRAMEWORK AGREEMENT WITH ATHENE CO-INVEST REINSURANCE AFFILIATE 1A LTD..ATHENE HOLDING - WITH REGARDS TO FRAMEWORK AGREEMENT, SEES CERTAIN APOLLO GLOBAL MANAGED FUNDS TO BUY 67% OF ALRE'S ECONOMIC INTERESTS IN ACRA EARLY IN Q4.ATHENE HOLDING LTD - IT IS EXPECTED THAT ABOUT $575 MILLION OF CAPITAL AT ALRE WILL BE RELEASED AS A RESULT OF 67% ECONOMIC INTEREST SALE.  Full Article

Verallia CEO Says Expects IPO Prospectus To Be Released In Coming Weeks
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Apollo Global Management's Verallia ::VERALLIA CEO SAYS EXPECTS IPO PROSPECTUS TO BE RELEASED IN COMING WEEKS.  Full Article

Apollo seeks sale of Smart & Final's food warehouse stores -sources

Private equity firm Apollo Global Management Inc is exploring a sale of the warehouse store business of Smart & Final Stores LLC, the U.S. food retailer it acquired in June, people familiar with the matter said on Friday.