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Stock Market & Financial Investment News

News Breaks
November 6, 2012
19:51 EDTMHP, APOMcGraw-Hill in exclusive talks with Apollo for education unit, WSJ says
McGraw-Hill (MHP) is said to be in exclusive talks with Apollo Global (APO) over the sale of its education unit, according to a Wall Street Journal report citing people familiar with matter. The report states that the education unit will likely go for less than $2.5B, though sources told the Wall Street Journal McGraw-Hill had initially sought $3B-$4B for the unit. Reference Link
News For MHP;APO From The Last 14 Days
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August 26, 2015
07:39 EDTAPOPiper Jaffray lowers estimates for asset managers below consensus
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August 18, 2015
19:47 EDTAPOCaesars creditors give ultimatum to Apollo Global, Bloomberg says
Earlier this month, creditors opposed to Caesars Entertainment's (CZR) bankruptcy plan demanded that Apollo Global (APO) -- one of the company's owners -- relinquish control of the bankrupt unit's parent company, reports Bloomberg, citing two people with knowledge of the matter. In exchange, the creditors offered to withdraw several lawsuits related to the bankruptcy, said the sources. Apollo rejected the ultimatum, though sources noted that talks are continuing. Reference Link

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