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Stock Market & Financial Investment News

News Breaks
March 22, 2013
12:47 EDTMHP, APOMcGraw-Hill completes sale of education business to Apollo Global
McGraw-Hill (MHP) completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management (APO). As previously disclosed, the purchase price was $2.4B in cash. The company is using a portion of the approximately $1.9B in after tax proceeds from the sale to pay down short-term debt, in part driven by the special dividend paid in 2012, to resume share repurchases and to make selective tuck-in acquisitions.
News For MHP;APO From The Last 14 Days
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September 2, 2014
14:34 EDTAPOApollo Global management to meet with Sterne Agee
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08:33 EDTAPOApollo, Ares weigh bids for packager Kloeckner Pentaplast, Bloomberg says
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August 31, 2014
21:19 EDTAPONorwegian Cruise in talks to acquire Prestige Cruises for $3B, Reuters says
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August 28, 2014
07:49 EDTAPOApollo Global owned Momentive gets tentative bankruptcy approval, Bloomberg says
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03:17 EDTAPOApollo Global momentive bankruptcy plan approved with changes, Bloomberg says
August 26, 2014
18:38 EDTAPOApollo's Momentive bankruptcy plan approved with changes, Bloomberg says
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18:02 EDTAPOApollo Global momentive bankruptcy plan approved with changes, Bloomberg says

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