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Stock Market & Financial Investment News

News Breaks
November 15, 2012
06:48 EDTAPO, AV, HRGApollo Global in lead to buy Aviva's U.S life insurance unit, Bloomberg reports
Apollo Global Management LLC (APO) is in the lead to buy Aviva's (AV) U.S. life insurance and annuities unit, and would beat out Philip Falcone’s Harbinger Group (HRG), sources say, reports Bloomberg. Apollo is pursuing a joint bid with Guggenheim Partners LLC, a source said. Reference Link
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April 15, 2014
16:20 EDTAPOCaelus Energy Alaska, Apollo Global announce partnership
Caelus Energy Alaska and affiliates of Apollo Global Management (APO) have formed a strategic partnership to invest in oil and gas properties in Alaska. Caelus has closed its first transaction, the acquisition of Pioneer Natural Resources' (PXD) Alaskan oil and gas business, for $300M in cash, subject to adjustments, plus other consideration. Caelus, headquartered in Dallas has an executive management team led by CEO James C. Musselman and a technical team led by Chief Technical Officer Kenny Goh. Among other things, Mr. Musselman previously led Kosmos Energy, which discovered the 1 billion-plus barrel Jubilee field off the West African coast, and Triton Energy, which was acquired by Amerada Hess for $3.2B. Apollo funds have the opportunity to invest up to $1B in Caelus to develop the company's existing assets and to pursue acquisitions or other additional investments.
April 14, 2014
06:51 EDTAVAviva sells 47% stake in Woori Aviva Life Insurance
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April 10, 2014
07:49 EDTAPOApollo, EQT, Blackstone mull offers for Gas Natural unit, Bloomberg says
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