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Stock Market & Financial Investment News

News Breaks
January 22, 2013
15:39 EDTFLO, APOApollo led group in lead for opening bid on most Hostess cake brands, WSJ says
A team including Apollo Global (APO) and C. Dean Metropoulos is in the lead for the opening bid on the bulk of Hostess’ cakes businesses, but Hostess is aiming to sell the Drakes Cakes brand separately, according to The Wall Street Journal, citing sources. The WSJ previously reported that Flowers Foods (FLO) and Grupo Bimbo are in the lead to buy Hostess' bread brands, including Wonder Bread. Reference Link
News For APO;FLO From The Last 14 Days
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August 26, 2015
07:39 EDTAPOPiper Jaffray lowers estimates for asset managers below consensus
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August 18, 2015
19:47 EDTAPOCaesars creditors give ultimatum to Apollo Global, Bloomberg says
Earlier this month, creditors opposed to Caesars Entertainment's (CZR) bankruptcy plan demanded that Apollo Global (APO) -- one of the company's owners -- relinquish control of the bankrupt unit's parent company, reports Bloomberg, citing two people with knowledge of the matter. In exchange, the creditors offered to withdraw several lawsuits related to the bankruptcy, said the sources. Apollo rejected the ultimatum, though sources noted that talks are continuing. Reference Link

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