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Stock Market & Financial Investment News

News Breaks
February 21, 2013
12:58 EDTAPO, UCO, CX, URI, FEIncreasing implied volatility stocks: APO UCO CX URI FE
News For APO;UCO;CX;URI;FE 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.
06:18 EDTCXHolcim, Cemex to no longer form joint organization in Spain
Holcim (HCMLY) and Cemex (CX) announce that they have agreed on adapted parameters to their series of transactions in Europe. In Germany and the Czech Republic, the scope of the transaction remains unchanged, meaning that Holcim will acquire Cemex’s operations in Western Germany while Cemex will take over Holcim’s business in the Czech Republic, as previously announced. In Spain the two companies will no longer form a joint organization as initially planned and communicated. Instead, Cemex will purchase Holcim’s Gador cement plant and Yeles grinding station, with a total of 1.75M tonnes of cement capacity, while Holcim will keep its remaining operations in Spain, representing 2.2M tonnes of cement capacity, as well as its aggregates and ready-mix positions. In Germany, Holcim will continue the acquisitions of operations in the western part of the country. The transaction includes one cement plant, two grinding stations, one slag granulator, 22 aggregates locations and 79 ready-mix plants. They will be combined with Holcim’s existing Northern German operations. Due to the changed transaction, Cemex will pay Holcim EUR 45M in cash. As a result of these changes, Holcim expects sustainable additional operating EBITDA of at least EUR 10M on a yearly basis after the closing of the deal. This change of parameters reflects the change in the strategic landscape following the announcement of the proposed merger of Holcim with Lafarge. Hence Holcim and Cemex will remain competitors in Spain and Czech Republic. In Germany, Holcim aims to optimize its portfolio by better connecting its operations in Northern Germany and the wider region. These transactions are expected to close during 1Q15.
05:48 EDTCXCEMEX, Holcim agree on transactions in Europe
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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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October 23, 2014
07:34 EDTCXCEMEX reports Q3 consolidated sales $4.1B, consensus $4.27B.
During Q3, controlling interest net income was a loss of $106M.
October 21, 2014
06:28 EDTURIUnited Rentals management to meet with Piper Jaffray
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