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Stock Market & Financial Investment News

News Breaks
December 3, 2012
07:30 EDTAPO, MHPApollo Group may repossess Cengage and combine with McGraw-Hill, NY Post says
Apollo Global (APO) has significant debt position in Cengage Learning and may trip its loan covenants by 2013 or 2014 at the latest, reports the New York Post. According to unnamed sources, Apollo may then plan to repossess Cengage and combine it with McGraw-Hill (MHP) to significantly cut costs. Reference Link
News For APO;MHP 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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