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Stock Market & Financial Investment News

News Breaks
December 7, 2012
08:33 EDTAPOApollo, Driftwood JV acquires DoubleTree Suites by Hilton Columbus Downtown
Driftwood Hospitality Management LLC, and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management, announced the acquisition of the DoubleTree Suites by Hilton Columbus Downtown. This is the fifth property acquired through a joint venture between Driftwood and AGRE formed in July 2011 to focus on purchasing, renovating and reflagging full-service hotels throughout the United States. With this week’s closing on the acquisition of the DoubleTree Columbus, the Driftwood/AGRE partnership has now acquired five hotels totaling 1,479 keys nationwide.
News For APO From The Last 14 Days
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May 28, 2015
15:01 EDTAPOGE working with Deutsche Bank on sale of Interbanca, Bloomberg says
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06:59 EDTAPOApollo, KKR expected to bid for GE unit, WSJ reports
Private equity firms including KKR (KKR) Apollo Global (APO) and Ares Management are among the private equity firms that are in the process of bidding for GE's (GE) business that funds LBOs, The Wall Street Journal reports, citing sources. The unit could fetch over $17B in a sale, the publication notes. Canada Pension Plan Investment Board and Guggenheim Securities also are expected to submit offers for the unit, and an agreement could be announced as early as next week, the sources say. Reference Link
06:08 EDTAPOFlowers Foods, others submit bids for Hostess, NY Post reports
According to sources, Flowers Foods (FLO), Grupo Bimbo, Post Foods and Aryzta AG all submitted nonbinding bids to buy Hostess (APO) for around $2B by yesterday's deadline, The New York Post reports. The sources say that "a few" private equity firms also submitted offers, "but do not seem very interested due to the competition from the strategic players," and many of the same firms bid last week for AdvancePierre Foods in a $2B auction. Reference Link
May 20, 2015
10:00 EDTAPOOn The Fly: Analyst Upgrade Summary
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08:20 EDTAPOApollo Global upgraded to Equal Weight from Underweight at Morgan Stanley
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06:17 EDTAPOApollo Global upgraded to Overweight from Equal Weight at Morgan Stanley
May 19, 2015
08:38 EDTAPOApollo Global acquires Protection 1, ASG Security
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May 18, 2015
15:54 EDTAPOFidelity & Guaranty Life moving forward with sale process, dealReporter says
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