New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
05:06 EDTAPOApollo, Metropoulos will not assume any of Hostess liabilities or obligations
Affiliates of Apollo Global and Metropoulos announced that they have entered into a "stalking horse" asset purchase agreement to acquire certain assets of Hostess Brands baked snack foods business for $410M in cash. Per the terms of the agreement, Apollo and Metropoulos will acquire certain Hostess Snacks brands, including, among others, Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Q's, and five Hostess Snacks bakeries located throughout the U.S. The agreement provides for the acquisition of the assets of Hostess Snacks free and clear and does not require Apollo and Metropoulos to assume any of Hostess Snacks' liabilities or other obligations. The asset purchase agreement constitutes a "stalking horse bid" in a sale process being conducted under Section 363 of Chapter 11 of the U.S. Bankruptcy Code. As such, the acquisition of Hostess Snacks by Apollo and Metropoulos remains subject to approval by the United States Bankruptcy Court for the Southern District of New York and a subsequent auction process in which other interested buyers may submit competing bids for the assets of Hostess Snacks. Completion of the transaction is expected to occur prior to the end of April.
News For APO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 30, 2014
08:43 EDTAPOApollo wins approval for transfer of Caesar's loyalty program, NY Post says
Subscribe for More Information
September 25, 2014
13:31 EDTAPODow starts process for epoxy, chlorine unit sales, seeks one buyer, Reuters says
Subscribe for More Information
September 24, 2014
08:09 EDTAPOApollo Global weakness creates buying opportunity, says Argus
Argus believes that Apollo Global is clicking on all cylinders, and it thinks that analysts are underestimating the outlook for the company's distributions. The firm cut its price target on the name to $35 from $40 but reiterates a Buy rating.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use