Stock Market & Financial Investment News

News Breaks January 31, 2013 05:01 EDT APO Apollo, Metropoulos acquire majority of Hostess snack cake business for $410M Hostess Brands announced that the company has selected affiliates of Apollo Global and Metropoulos as the stalking horse bidder for the majority of the assets of the company's snack cake business, which includes both Hostess and Dolly Madison branded products, including the Twinkies brand. Apollo and Metropoulos have agreed to pay $410M to purchase the brands, 5 bakeries and certain equipment. Hostess Brands has requested that the U.S. Bankruptcy Court for the Southern District of New York authorize the company to proceed with an auction for the majority of the assets of the snack cake business on March 13, provided the company receives competing qualified bids. The company will select the highest and best offer at the conclusion of the auction. The sale to the winning bidder requires court approval. News For APO From The Last 14 Days Check below for free stories on APO the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 15, 2013 07:11 EDT APO Some buyout firms move beyond buyouts, WSJ reports Subscribe for More Information 06:08 EDT APO On the Fly: Periodicals Wrap-Up Subscribe for More Information May 13, 2013 10:09 EDT APO On The Fly: Analyst Upgrade Summary Subscribe for More Information 06:45 EDT APO Apollo Global coverage assumed with a Buy at UBS Subscribe for More Information 05:38 EDT APO Apollo Global upgraded to Outperform from Market Perform at Keefe Bruyette Subscribe for More Information May 9, 2013 18:16 EDT APO Apollo Global 21.1M share Secondary priced at $25.00 Subscribe for More Information May 7, 2013 17:37 EDT APO Apollo Global announces offering of 21.1M Class A shares by holders Subscribe for More Information 17:21 EDT APO Apollo Global files to sell 15.8M Class A shares for holders Subscribe for More Information 17:18 EDT APO Apollo Global files automatic mixed securities shelf Subscribe for More Information 10:00 EDT APO On The Fly: Analyst Upgrade Summary Subscribe for More Information 05:45 EDT APO Apollo Global upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Apollo Global with a $34 price target following the company's better than expected Q1 results. May 6, 2013 09:43 EDT APO Apollo Global falls from gap open, levels to watch Subscribe for More Information 09:18 EDT APO On The Fly: Pre-market Movers Subscribe for More Information 09:00 EDT APO Apollo Global rises 6.4% Subscribe for More Information 07:05 EDT APO Apollo Global reports Q1 EPS $1.60, consensus $1.24 Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.