Stock Market & Financial Investment News

News Breaks January 31, 2013 05:06 EDT APO Apollo, 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 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.