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Stock Market & Financial Investment News

News Breaks
June 9, 2014
07:37 EDTAPO, HKHalcon Resources signs agreement with affiliates of Apollo Global
Halcón (HK) announced the signing of a definitive agreement with credit funds and accounts managed by affiliates of Apollo Global Management, LLC (APO), which will invest up to $400M in the company's wholly owned subsidiary, HK TMS. Upon closing, HK TMS will hold all of Halcón's acreage in Mississippi and Louisiana that is prospective for the TMS formation. The Company holds 100% of the common shares of HK TMS and is the sole manager of HK TMS. Apollo will contribute $150M in cash consideration for 150,000 of HK TMS preferred shares, and under certain circumstances, may acquire up to an additional 250,000 preferred shares of HK TMS on the same terms. Holders of the HK TMS preferred shares will receive quarterly cash dividends of 8% per annum. In conjunction with the issuance of the preferred shares, HK TMS agreed to assign a 4.0% overriding royalty interest, subject to reduction to 2.0% under certain circumstances, in 75 net wells to be drilled and completed on its TMS acreage. The number of wells subject to the ORRI will increase to the extent that Apollo subscribes for additional preferred shares, with a maximum of 200 net wells subject to such ORRI if Apollo subscribes for the full additional 250,000 preferred shares.
News For HK;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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November 10, 2014
18:32 EDTHKOn The Fly: After Hours Movers
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16:14 EDTHKHalcon Resources reports Q3 EPS 3c, consensus 6c
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15:26 EDTHKNotable companies reporting after market close
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November 7, 2014
10:57 EDTAPOPetSmart advances after report of bid invites, analyst upgrade
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06:26 EDTAPOKKR, Apollo asked to submit second-round bids for PetSmart, WSJ reports
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