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Stock Market & Financial Investment News

News Breaks
January 16, 2014
06:09 EDTAPO, CECCEC Entertainment agrees to be acquired by Apollo affiliate for $54 per share
An affiliate of Apollo Global (APO) and CEC Entertainment (CEC) announced that they have entered into a definitive merger agreement whereby Apollo will acquire CEC for approximately $1.3B, including the assumption of the companyís outstanding debt. Apolloís $54.00 per share all cash offer represents a premium of approximately 25% over CECís closing share price on January 7, the last trading day prior to media speculation regarding a possible transaction and a premium of approximately 36% over the twelve-month volume weighted average share price for the period ending January 7. The announcement follows a thorough review of strategic alternatives undertaken by the CEC board to maximize shareholder value. The transaction was unanimously approved by the CEC Board, which recommends that CEC shareholders tender their shares in the offer. Under the terms of the agreement, the Company may solicit superior proposals from limited third parties until January 29. There can be no assurances that this process will result in a superior proposal, and the Company does not intend to discuss any developments with regard to this process unless the company's board makes a decision with respect to a potential superior proposal.
News For CEC;APO From The Last 14 Days
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November 19, 2014
06:03 EDTAPOSources: KKR, CD&R team up to take PetSmart private, Reuters reports
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November 18, 2014
07:24 EDTAPOWells Fargo to hold a forum
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November 14, 2014
07:32 EDTAPOHayman Capital gives quarterly update on stakes
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November 13, 2014
18:21 EDTAPOHostess Brands owners said planning sale for early next year, Bloomberg says
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12:59 EDTAPOApollo plans bid for GSK mature drugs business, Reuters reports
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November 12, 2014
18:29 EDTAPOOn The Fly: After Hours Movers
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16:47 EDTAPORexnord offers 14.73M shares of common stock for Apollo Global
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07:28 EDTAPOBofA/Merrill to hold a conference
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