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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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October 30, 2014
06:40 EDTAPOApollo Global reports Q3 EPS (5c), may not compare to consensus 38c
Reports Q3 revenue $221.14M, consensus $394.57M. Reports Q3 total Assets Under Managemnt $163.9B, up 45% vs. a year ago. Reports Q3 ENI after taxes 12c per share.
October 29, 2014
12:59 EDTAPOPrivate equity firms preparing initial bids for PetSmart auction, WSJ says
Private equity firms including Apollo Global Management (APO), Hellman & Friedman and KKR (KKR) are said to be preparing initial bids for pet-supply retailer PetSmart (PETM), says the Wall Street Journal. PetSmart which is based in Phoenix and has around 1,350 stores has a market capitalization of around $7B, added the Wall Street Journal. Shares of PetSmart are up almost 3% or $1.98, to $72.06 in midday trading. Reference Link
October 24, 2014
08:06 EDTAPOExpress Energy Services agrees to be acquired by Apollo Funds
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