Stock Market & Financial Investment News

News Breaks October 26, 2012 07:01 EDT PGRX, APO Apollo, Prospect Global Res. enter exclusivity arrangement for $100M investment Prospect Global Resources (PGRX) announced that it has entered into an exclusivity arrangement with an affiliate of Apollo Global Management, LLC (APO) pursuant to which funds managed by APO would purchase $100M of newly issued 10% Convertible Second Lien Notes, expected to fund in the 1H of 2013. Additionally, Apollo would have an option to purchase 16.7M shares of Prospect Global common stock at an exercise price of $3.00/share, which, if exercised, would provide additional net proceeds to Prospect Global of $50.1M. The company intends to use the proceeds from the Apollo financing to continue development of its proposed potash mining facility being developed in Holbrook, Arizona, by the company's wholly-owned subsidiary, American West Potash. News For PGRX;APO From The Last 14 Days Check below for free stories on PGRX;APO the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 15, 2013 07:11 EDT APO Some buyout firms move beyond buyouts, WSJ reports Subscribe for More Information 06:08 EDT APO On the Fly: Periodicals Wrap-Up Subscribe for More Information May 13, 2013 10:09 EDT APO On The Fly: Analyst Upgrade Summary Subscribe for More Information 06:45 EDT APO Apollo Global coverage assumed with a Buy at UBS Subscribe for More Information 05:38 EDT APO Apollo Global upgraded to Outperform from Market Perform at Keefe Bruyette Subscribe for More Information May 9, 2013 18:16 EDT APO Apollo Global 21.1M share Secondary priced at $25.00 Subscribe for More Information May 7, 2013 17:37 EDT APO Apollo Global announces offering of 21.1M Class A shares by holders Subscribe for More Information 17:21 EDT APO Apollo Global files to sell 15.8M Class A shares for holders Subscribe for More Information 17:18 EDT APO Apollo Global files automatic mixed securities shelf Subscribe for More Information 10:00 EDT APO On The Fly: Analyst Upgrade Summary Subscribe for More Information 05:45 EDT APO Apollo Global upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Apollo Global with a $34 price target following the company's better than expected Q1 results. May 6, 2013 09:43 EDT APO Apollo Global falls from gap open, levels to watch Subscribe for More Information 09:18 EDT APO On The Fly: Pre-market Movers Subscribe for More Information 09:00 EDT APO Apollo Global rises 6.4% Subscribe for More Information 07:05 EDT APO Apollo Global reports Q1 EPS $1.60, consensus $1.24 Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.