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Stock Market & Financial Investment News

News Breaks
October 26, 2012
07:01 EDTAPO, PGRXApollo, 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
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May 20, 2015
10:00 EDTAPOOn The Fly: Analyst Upgrade Summary
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08:20 EDTAPOApollo Global upgraded to Equal Weight from Underweight at Morgan Stanley
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06:17 EDTAPOApollo Global upgraded to Overweight from Equal Weight at Morgan Stanley
May 19, 2015
08:38 EDTAPOApollo Global acquires Protection 1, ASG Security
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May 18, 2015
15:54 EDTAPOFidelity & Guaranty Life moving forward with sale process, dealReporter says
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May 11, 2015
15:37 EDTAPOApollo in talks to acquire ASG, combine with Protection 1, Reuters says
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14:58 EDTAPOApollo Global in talks to buy ASG Securities, Reuters reports
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