Ryder System (R), which reportedly is being pursued by Apollo Global (APO), dropped 3% at least partly amid news that banks shelved a $3.9 billion debt sale for a Brightspeed LBO amid…
Tenneco (TEN), which agreed to be sold to Apollo for $20/share in February, fell 3.7% after a report that banks shelved a ~$1.9 billion junk-bond sale for Apollo Global''s (APO) deal…
International Business News: Terms of a deal were not known but any transaction would be above Ryder''s current market cap of $3.4 billion, according to the report.
Apollo Global Management is exploring a takeover of freight services provider Ryder System , Bloomberg News reported on Tuesday citing people with knowledge of the matter. Terms of a deal were not known but any transaction would be above Ryder’s current market cap of $3.4 billion, according to the report. Shares of Florida-based Ryder rose […]
Shares of Ryder System (NYSE:R) jumped over 14% on Tuesday. This was attributable to rumors of a possible acquisition of the company by Apollo Global Management (NYSE:APO). The rumor doesn''t mention anything about a purchase price. Nonetheless, based on the market''s reaction, it appears that traders expect it to be higher than its present market cap. Is Ryder a Good Stock? Ryder has a Hold consensus rating based on three Holds assigned in the past three months. The average Ryder stock price target of $83 implies 8.9% upside potential.
Titan is an online brokerage that is offering investors new opportunities in crypto, private equity and much more. Titan recently announced partnerships with alternative investment managers Apollo Global Management (NYSE: APO ) and Carlyle Group Inc (NASDAQ: CG ) which will also give retail investors more access to private markets. What Happened: Earlier Tuesday, Titan announced an exclusive partnership with Cathie Wood’s ARK Invest, which will give retail investors the opportunity to invest like a venture capitalist. Cathie Wood , founder, CEO, and CIO of ARK Invest commented, “By launching the ARK Venture Fund, we seek to augment venture … Full story available on Benzinga.com
(Bloomberg) -- Apollo Global Management Inc. is exploring a takeover of Ryder System Inc., a transportation and logistics company, according to people with knowledge of the matter. The stock rose as much as 19%.
Tenneco (TEN) and Atlas Air Worldwide (AAWW), both in deals to be acquired by private equity firm Apollo Global (APO),fell amid investor concern on the deals in light of current…
Tenneco (TEN) rose 6.1% in premarket trading after the company''s planned sale to Apollo Global (APO) was filed with the European antitrust regulator.The European Commission was notified…
Rackspace Technology Inc. on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. . Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo. Rackspace Technology also said it continues to expect third-quarter earnings of 8 cents to 10 cents a share. Wall Street analysts expect Rackspace to earn 9 cents a share when the company reports its results on Nov. 15, according to FactSet data. Shares of Rackspace are down 63% in 2022, compared to a 30.5% drop by the Nasdaq . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tenneco (TEN) rose 1% after a report that banks are set to start a $5.4 billion debt sale in mid-October to financing Apollo Global''s (APO) planned purchase.Banks led by Citigroup and…
Elliott Investment Management is said to have purchased about $1 billion of the junk-bond deal supporting its planned buyout of software company Citrix Systems (CTXS).Apollo Global…
After Amazon.com Inc., it''s the turn of Apollo Global Management Inc. to wade into the jungle that''s corporate governance in India
Apollo Global Management found using ticker (APO) now have 12 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 87 and 58 and has a mean target at 69.92. Now with the previous closing price of 57.15 this now indicates there is a potential upside of 22.3%. There is a 50 day moving average of 56.15 and the 200 moving average now moves to 60.14. The company has a market capitalisation of $32,886m. You can visit the company''s website by visiting: https://www.apollo.com [stock_market_widget type="chart" template="basic" color="green" assets="APO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $40,234m based on the market concensus. Apollo Global Management is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm''s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
Stonepeak said Friday it agreed to pay $2.4 billion for the Safety unit of Intrado Corp., a technology enabled services company backed by Apollo Global Management Inc. . The Safety unit specializes in 911 public emergency telecommunications services. Intrado will retain Workflows, which is part of its Life & Safety segment. Stonepeak senior managing director James Wyper said Intrado''s Safety business "represents an attractive opportunity to invest behind critical telecommunications infrastructure that underpins access to 911, a public good in the U.S.," according to a statement. RBC Capital Markets acted as lead financial adviser to Intrado on the transaction, which is expected to close in the first quarter of 2023. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal adviser to Intrado, while Simpson Thacher & Bartlett advised Stonepeak. Shares of Apollo Global Management are down 24.3% in 2022, compared to a 19.3% drop by the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Futures Crater As Fedex Ushers In The Global Recession On $3.2 Trillion Triple Witch Day Another day, another selloff, this time one driven by a catastrophic repricing by Fedex, which has plunged by the most ever this morning, down 20% and losing over $11BN in market cap… ... after pulling guidance and effectively warning that the entire world - and especially China - is in a recession. The fact that it is a $3.2 trillion opex today which guarantees even more volatility in the coming weeks... ... or that buyback blackout period begins today probably isn''t helping, and sure enough, we end the week in a mirror image to how we started it, with equities extending declines with an index of global stocks on track for the worst week since June, while the dollar continued its relentless ascent, trading back to all time highs. S&P futures were down 0.8% at 730am, dropping to the lowest level in 2 months, while Nasdaq 100 lost more than 1%, as Europe headed for a fourth day of losses, and Asian was a sea of red led by China.
Aion -- an equal joint venture between ICICI Venture Funds Management Co Ltd and Apollo Global Management - had invested close to ₹1,600 crore in various Future Group promoter entities. About 46.75% of the promoter shares in FSC were pledged with Aion, which had already invoked 24.8% to become the single largest shareholder of the company.
SAO PAULO — Brazil’s Embraer SA said on Thursday that it signed a memorandum of understanding with Apollo Global Management to provide up to $1.5 billion in funding for the planemaker’s regional aircraft customers. According to a securities filing, funding would be available through Apollo’s aviation business, but Apollo could also “access additional low-cost capital […]
The right dividend stock picks can offer a little safety in difficult times. These definitely are difficult times and investors are understandably worried. Economic headwinds persist with war in Europe, global supply chain constraints and inflation that continues to run at 40-year highs in the U.S. This reality continues to gyrate equity markets. After suffering their worst first-half decline since 1970, U.S. markets enjoyed a brief summer rally in July before trending lower again. Year to date, the benchmark S&P 500 index is down 17% while the Nasdaq is down 26% and firmly in bear market territory. In the current market downturn, investors, particularly those close to retirement, are searching for dividend stock picks that are solid safe harbors. Protecting savings while earning income is of paramount importance. This is where dividend stocks come into play. Stocks with high-yielding dividend payments can be an important source of income for investors, particularly when retired and living on a fixed income.
Retail investors using Titan, the online brokerage backed by Andreessen Horowitz, can now allocate to private assets managed by alternative investment titans Apollo Global Management and the Carlyle Group.
Hi. I''m Aaron Weinman . One of the more interesting developments last Friday happened in the crypto space. Sam Bankman-Fried — founder of crypto exchange FTX and known by his initials SBF — acquired a 30% stake in SkyBridge Capital , an alternative investment firm. The deal was inked through SBF''s venture-capital firm FTX Ventures and will support growth initiatives for SkyBridge. SkyBridge, the hedge fund run by Anthony Scaramucci, will use the money from FTX to buy $40 million in cryptocurrencies, which it will hold on its balance sheet. The hedge fund''s decision to bet big on crypto comes during a tough patch for SkyBridge because its holdings of digital assets have plummeted and investors have sought redemptions from the fund. FTX, meanwhile, has been somewhat of a savior to the crypto space. The exchange has acquired crypto peers under financial duress, including the Bitvo Exchange in June , and expanded into products like stocks and options. For more on the deal, check out this article from the New York Times .
Apollo Global Management Inc. (NYSE:APO) marked $56.86 per share on Thursday, up from a previous closing price of $56.74. While Apollo Global Management Inc. has overperformed by 0.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, APO fell by -7.21%, with highs and lows ranging from […]
Tenneco (TEN) rose 0.8% after a report that Apollo Global (APO) plans to file its planned purchase of the autoparts supplier with the European Commission imminently.The parties met with…
Someone with a lot of money to spend has taken a bullish stance on Apollo Global Management (NYSE: APO ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with APO, it often means somebody knows something is about to happen. Today, Benzinga''s options scanner spotted 12 options trades for Apollo Global Management . This isn''t normal. The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish. Out of all of the options we uncovered, there was 1 put, for a total amount of $35,000, and 11, calls, for a total amount of … Full story available on Benzinga.com
Tenneco (TEN) jumped 4.3% after late Wednesday disclosing that it tends to fully redeem two outstanding notes. The automaker said it intends to redeem all outstanding 5⅜% senior notes…
Backers for the 5 Times Square loan, which runs through May 2026, include Morgan Stanley, Apollo Global Management Inc. and American International Group Inc. RXR and its partners have invested another $300 million to help renovate the site.
The company said on Tuesday State Farm would purchase 133.3 million shares, or a near 15% stake, at $9 apiece and get a seat on its board. That will make the closely owned insurer its second-largest investor after Apollo Global Management.
As of Wednesday, Apollo Global Management Inc.’s (NYSE:APO) stock closed at $55.58, up from $54.95 the previous day. While Apollo Global Management Inc. has overperformed by 1.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, APO fell by -7.03%, with highs and lows ranging from $81.07 […]
Goldman Sachs'' consumer-banking unit Marcus has halted hiring plans — at least for back-end roles like engineering, design, and product gigs — and has no plans to use recruiters through the end of this year, a person familiar with Marcus'' hiring ambitions told me. Goldman Sachs executives are concerned that too much money is being spent on Marcus. David Solomon, the bank''s chief executive, now faces the difficult decision over what is next for the consumer-banking unit. Insider''s Dakin Campbell, who has written extensively about Marcus , has the latest on Solomon''s effort to bring Goldman Sachs to Main Street. This post first appeared in 10 Things on Wall Street, a newsletter by Insider that brings you all the biggest stories dominating the finance industry — delivered daily to your inbox. Sign up here . Download Insider''s app here. 1. Goldman Sachs is thinking what was once unthinkable. The bank may pivot its ambitions for Marcus — the consumer-banking unit named after founder Marcus Goldman — in a bid to stem burgeoning costs.
Funds managed by Apollo Global Management (APO) agreed to sell Parallel Infrastructure, a telecom tower platform and build-to-suit provider to Hamoni Towers, a portfolio company of…
Apollo Global Management found using ticker (APO) have now 11 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 87 and 58 calculating the average target price we see 69.91. Now with the previous closing price of 56.37 this now indicates there is a potential upside of 24.0%. The 50 day moving average now sits at 54.42 while the 200 day moving average is 61.4. The market cap for the company is $33,282m. Find out more information at: https://www.apollo.com [stock_market_widget type="chart" template="basic" color="green" assets="APO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $41,276m based on the market concensus. Apollo Global Management is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm''s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
Tiger Global Meets Early-Stage Investors as It Looks to Double Down on Young Startups in India (Money Control) Tiger Global Management, one of the world’s largest technology investors, is aggressively eyeing early-stage investments in India as the New York-based hedge fund company remains bullish on younger tech startups in the country even as valuations of […]
Lumileds, a maker of automotive and other LED lighting products that''s majority-owned by Apollo Global Management (APO), has filed for Chapter 11 bankruptcy proceedings for its U.S
The Federal Communications Commission approved the sale of Lumen Technologies'' (LUMN) exchange carrier business in 20 states to Apollo Global Management (APO)-managed…
Apollo Global Management with ticker code (APO) have now 11 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 87 and 58 and has a mean target at 69.91. Now with the previous closing price of 59.55 this now indicates there is a potential upside of 17.4%. The day 50 moving average is 53.83 and the 200 day MA is 61.88. The company has a market capitalisation of $34,878m. Visit the company website at: https://www.apollo.com [stock_market_widget type="chart" template="basic" color="green" assets="APO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $40,946m based on the market concensus. Apollo Global Management is a private equity firm specializing investments in credit, private equity and real estate markets. The firm''s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
Apollo Global (APO) is said to be not interested in acquiring a stake in Manchester United (MANU) after reports on Wednesday that the firm was in talks about buying stake in the…
Private equity giant Apollo Global Management Inc is investing in GI Alliance, the Texas-based gastroenterology care platform said on Friday, as part of a deal that values the company at $2.2 billion. GI did not disclose the size of Apollo’s investment. It said the buyout firm would take two seats on GI’s board after the […]
John J Suydam , Chief Legal Officer at Apollo Global Management (NYSE: APO ), reported a large insider sell on August 17, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Suydam sold 16,324 shares of Apollo Global Management . The total transaction amounted to $937,324. Apollo Global Management shares are trading up 1.06% at $59.87 at the time of this writing on Thursday morning. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. The Importance of Insider Transactions Insider transactions shouldn''t be … Full story available on Benzinga.com
As interest rates increase, searching for quality companies with ultra-high dividend stocks is even more vital for income investors looking to deliver on their retirement dreams. At the beginning of 2022, the S&P 500 yield was 1.27% . At the end of June, it was up 42 basis points to 1.69%. However, over the same period, the U.S. 10-Year Treasury went from 1.63% at the beginning of the year to 2.97% at the end of June, an 82% increase in just six months. So, if income is your only concern, the Treasury is the better play over one of several index-related ETFs. However, if you want income and capital appreciation, there are a decent number of opportunities in the index. What’s the definition of ultra-high dividend stock? Well, at the very least, it’s double the current yield on the 10-year Treasury. That brings us to 6%, more than 3x the index’s yield. A quick index screen tells me that only six of the 505 constituent stocks in the S&P 500 yield 6% or more. I’ve got to widen the net. The S&P 1500 currently has 50 stocks yielding 6% or more.
Apollo Global Management (APO), through its managed investment vehicles, has taken an 11.1% minority stake in Aldar Investment Properties, a real estate platform owned by Abu…
Apollo Global Management has acquired an 11.1% minority stake in Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, for $400 million.
New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today reported they have completed the previously announced Joint Venture (the “JV” or the “Platform”), establishing a platform which now owns and operates 11 liquefied natural gas (“LNG”) infrastructure vessels consisting of Floating Storage and Regasification assets, Floating Storage vessels and LNG carriers.
Scandinavian air carrier SAS Group (SASDQ) was able to keep its wheels off the ground by agreeing to a $700M financing deal with Apollo Global Management (APO).
Apollo Global Management found using ticker (APO) have now 11 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 91 and 58 with the average target price sitting at 70.09. Given that the stocks previous close was at 60.89 this would imply there is a potential upside of 15.1%. The day 50 moving average is 53.68 and the 200 day MA is 62.31. The market capitalisation for the company is $36,600m. Company Website: https://www.apollo.com [stock_market_widget type="chart" template="basic" color="green" assets="APO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $42,130m based on the market concensus. Apollo Global Management is a private equity firm specializing investments in credit, private equity and real estate markets. The firm''s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
Apollo Global Management (NYSE: APO ) has outperformed the market over the past 10 years by 4.79% on an annualized basis producing an average annual return of 16.43%. Currently, Apollo Global Management has a market capitalization of $34.82 billion. Buying $100 In APO: If … Full story available on Benzinga.com
Activist Investor Litt Pushes for Sale of Aimco REIT (Bloomberg) Activist investor Jonathan Litt has built a new position in Apartment Investment & Management Co. and has met with management to discuss ways to improve value for shareholders, including exploring a sale of the real estate investment trust, according to people familiar with the matter. […]
The following discussion should be read in conjunction with Apollo Global Management, Inc.'' s condensed consolidated financial statements and the related notes within this quarterly report. Actual results and the timing of events may differ significantly from those expressed or implied in such forward-looking statements due to a number of factors,…
Jamie Dimon’s son-in-law may not get off as easily as he hoped in an arbitration case filed against him and the giant buyout firm Apollo Global Management over claims they bilked an oil executive out of $21 million, The Post has learned. Joey Romeo, who married the JPMorgan boss’s daughter Julia Dimon in 2011, is…
Apollo Global Management found using ticker (APO) now have 11 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 88 and 51 with a mean TP of 67.27. With the stocks previous close at 57.99 this now indicates there is a potential upside of 16.0%. There is a 50 day moving average of 53.53 and the 200 day MA is 62.78. The company has a market cap of $34,518m. Visit the company website at: https://www.apollo.com [stock_market_widget type="chart" template="basic" color="green" assets="APO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $40,042m based on the market concensus. Apollo Global Management is a private equity firm specializing investments in credit, private equity and real estate markets. The firm''s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
NEW YORK, Aug. 07, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Atlas Air Worldwide Holdings (NASDAQ: AAWW) (“Atlas”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by an investor group led by Apollo Global Management (NYSE: APO) (“the Consortium”).
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