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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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October 24, 2014
08:06 EDTAPOExpress Energy Services agrees to be acquired by Apollo Funds
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October 13, 2014
05:32 EDTAPOApollo Credit launches retail sector investment JV
Funds managed by affiliates of Apollo Global Management announce the launch of Alteri Investors, a new joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe. Structured as a partnership between funds managed under Apolloís credit business and a team led by former GA Europe CEO Gavin George, Alteri will initially focus on the United Kingdom and Germany and expects to invest in retailers through both debt and equity transactions, typically in the GBP 10M-GPB 50M range, with additional capacity for larger transactions. Alteri will also seek to lend to retailers directly, providing flexible asset-based financing, either in a senior or second-lien capacity. In addition to the scale, resources and capital funding that Apollo Credit expects to contribute to Alteri, the Joint Venture will draw upon the experience of Alteri Advisors, which comprises a team of highly experienced professionals, drawn in part from the former GA Europe business under the leadership of Gavin George.
October 10, 2014
08:05 EDTAPO21st Century Fox, Apollo Global agree to form content joint venture
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08:03 EDTAPO21st Century Fox, Apollo Global form content joint venture
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