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Stock Market & Financial Investment News

News Breaks
June 13, 2014
12:19 EDTAPO, CG, IGTApollo Global, Carlyle Group also pursuing International Game bids, Reuters says
News For APO;CG;IGT From The Last 14 Days
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September 30, 2014
08:43 EDTAPOApollo wins approval for transfer of Caesar's loyalty program, NY Post says
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September 26, 2014
11:35 EDTCGCarlyle Group to acquire majority interest in six power plants in Georgia
Carlyle Group announced it has agreed to acquire 75.05% of the outstanding interests and operational control of Southeast PowerGen, a portfolio of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore's sovereign wealth fund. Equity capital for the transaction, terms of which were not disclosed, will come from Carlyle Power Opportunities Capital Partners L.P. and Carlyle Power Partners II L.P. The acquisition increases the size of Carlyle’s power generation portfolio to more than 4,300 MW. Southeast PowerGen, presently owned by a consortium of ArcLight Capital Partners, GIC and GE Energy Financial Services, consists of two natural gas-fired combined-cycle power generation facilities and four natural gas-fired peaking facilities totaling 2,815 MWs.
September 25, 2014
18:05 EDTCGCarlyle Group to pay $115M in collusion suit settlement, Reuters says
Carlyle Group is settling a lawsuit that alleged it colluded with other buyout shops to depress deal prices for $115M, says Reuters. The settlement will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm, added Reuters, citing sources. Reference Link
13:31 EDTAPODow starts process for epoxy, chlorine unit sales, seeks one buyer, Reuters says
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September 24, 2014
08:09 EDTAPOApollo Global weakness creates buying opportunity, says Argus
Argus believes that Apollo Global is clicking on all cylinders, and it thinks that analysts are underestimating the outlook for the company's distributions. The firm cut its price target on the name to $35 from $40 but reiterates a Buy rating.
September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
13:39 EDTCGGIC in talks with Carlyle over possible GBP 2B takeover of RAC, Sky News says
The Government Investment Corporation of Signapore, or GIC, is in talks with the Carlyle Group over a potential takeover of its RAC division, a roadside assistance company, SkyNews reports, citing a person close to the situation. The deal would be valued at more than GBP 2B, and the deal could occur within days, Sky News added. CVC Capital Patners has also expressed interest in buying the RAC unit from Carlyle. A takeover of RAC would end its prospects of becoming a publicly traded company. The board of RAC will meet in the coming days to decide whether the division should go through with an IPO or pursue a sale of the business, Sky News added, citing an insider. GIC would consider taking a minority stake in RAC before its IPO if it decides to go public, the insider added. Reference Link
06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
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September 22, 2014
08:54 EDTCGCarlyle aims to divest shares in oil-unloading system, WSJ says
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