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Stock Market & Financial Investment News

News Breaks
January 16, 2014
06:09 EDTCEC, APOCEC 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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May 28, 2015
15:01 EDTAPOGE working with Deutsche Bank on sale of Interbanca, Bloomberg says
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06:59 EDTAPOApollo, KKR expected to bid for GE unit, WSJ reports
Private equity firms including KKR (KKR) Apollo Global (APO) and Ares Management are among the private equity firms that are in the process of bidding for GE's (GE) business that funds LBOs, The Wall Street Journal reports, citing sources. The unit could fetch over $17B in a sale, the publication notes. Canada Pension Plan Investment Board and Guggenheim Securities also are expected to submit offers for the unit, and an agreement could be announced as early as next week, the sources say. Reference Link
06:08 EDTAPOFlowers Foods, others submit bids for Hostess, NY Post reports
According to sources, Flowers Foods (FLO), Grupo Bimbo, Post Foods and Aryzta AG all submitted nonbinding bids to buy Hostess (APO) for around $2B by yesterday's deadline, The New York Post reports. The sources say that "a few" private equity firms also submitted offers, "but do not seem very interested due to the competition from the strategic players," and many of the same firms bid last week for AdvancePierre Foods in a $2B auction. Reference Link
May 20, 2015
10:00 EDTAPOOn The Fly: Analyst Upgrade Summary
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08:20 EDTAPOApollo Global upgraded to Equal Weight from Underweight at Morgan Stanley
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06:17 EDTAPOApollo Global upgraded to Overweight from Equal Weight at Morgan Stanley
May 19, 2015
08:38 EDTAPOApollo Global acquires Protection 1, ASG Security
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May 18, 2015
15:54 EDTAPOFidelity & Guaranty Life moving forward with sale process, dealReporter says
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