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July 7, 2014
07:37 EDTAPOApollo Global formalizes changes to deal makers' pay plans, WSJ says
Apollo Global Management confirmed in a regulatory filing late Thursday that it has formalized changes to its top deal makers' pay plans to use stock as payment for a portion of their share of profits from the firm's latest buyout fund, reported The Wall Street Journal. The policy is a change from the all-cash payouts Apollo partners had received from fund profits previously, the Journal noted, citing people familiar with the matter. Reference Link
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July 11, 2014
08:19 EDTAPOApollo Global valuation attractive after pullback, says BMO Capital
After meeting with Apollo Global's CFO, BMO Capital is upbeat about the company's outlook. The firm expects the company's credit business to be a growth driver for years to come, although its private equity business is expected to show very slow growth, according to BMO Capital. The firm raised its price target on the shares to $36 from $35 and keeps an Outperform rating,
July 10, 2014
11:21 EDTAPOInternational Game Technology rises as GTECH reportedly prepares bid
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