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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:11 EDTAPO, CZRAppaloosa, bondholders set to sue Caesars, NY Post reports
David Tepper's Appaloosa Management and a group of bondholders are set to file a lawsuit as early as today against Caesars Entertainment (CZR) in a move to stop Caesars from selling four of its casinos to another Caesars-owned entity for $2.2B, the New York Post reports, citing sources. The sale is likely to benefit Apollo (APO) and TPG, both Caesars shareholders that control Caesars entities. The suit is expected to claim that the sale is "fraudulent" and would make it "nearly impossible" for Caesars to pay down its $24B of debt. Reference Link
News For CZR;APO From The Last 14 Days
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November 22, 2015
19:03 EDTAPOCVC, Canadian Pension to acquire Petco for $4.7B, Bloomberg says
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November 15, 2015
19:45 EDTAPOApollo Global, Starwood battling for Travelodge, Sunday Times says
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November 12, 2015
07:06 EDTAPOFunds affiliated with Apollo to acquire RegionalCare Hospital Partners
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05:59 EDTAPOKKR, others expected to bid over $4B for Petco, NY Post reports
Two private equity-led firms -- one with KKR (KKR) and Hellman & Friedman, and the other with CVC Capital and the Canada Pension Plan Investment Board -- are expected to each bid over $4B for Petco Holdings, which operates around 1,300 stores in the U.S., The New York Post reports. Apollo Global (APO) is also expected to bid for the pet supply retailer. Reference Link
November 11, 2015
14:05 EDTAPOApollo Global expresses interest in RegionalCare, Bloomberg says
Warburg Pincus is exploring strategic options for RegionalCare Hospital Partners that could value the health care company at roughly $800M, reports Bloomberg, citing sources. The move has drawn interest from private equity firms including Apollo Global, which has held discussions with lenders about taking ownership of Regional, said the sources. Reference Link

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