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Stock Market & Financial Investment News

News Breaks
April 22, 2014
06:23 EDTAPOSmart & Final IPO could come as early as this year, WSJ reports
According to sources, Smart & Final Holdings Corp., which is majority owned by private-equity firm Ares Management, is preparing for an IPO, the Wall Street Journal reports. The IPO could come as early as this year and raise over $300M, the sources say. Ares bought its stake in Smart & Final in 2012 from Apollo Global for $975M. Reference Link
News For APO From The Last 14 Days
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August 26, 2015
07:39 EDTAPOPiper Jaffray lowers estimates for asset managers below consensus
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August 18, 2015
19:47 EDTAPOCaesars creditors give ultimatum to Apollo Global, Bloomberg says
Earlier this month, creditors opposed to Caesars Entertainment's (CZR) bankruptcy plan demanded that Apollo Global (APO) -- one of the company's owners -- relinquish control of the bankrupt unit's parent company, reports Bloomberg, citing two people with knowledge of the matter. In exchange, the creditors offered to withdraw several lawsuits related to the bankruptcy, said the sources. Apollo rejected the ultimatum, though sources noted that talks are continuing. Reference Link

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