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Stock Market & Financial Investment News

News Breaks
November 27, 2012
11:30 EDTSIG, ZLC, NILE, APOJewelers higher following report of PE interest in U.K. chains
Shares of several publicly listed jewelers are moving higher after The Telegraph reported late Sunday that private equity firm Apollo Global Management (APO) is in talks to buy Aurum, which own two U.K. jewelry chains, for about GBP180M. That valuation roughly equates to six times the forecast for the company's earnings before interest, tax, depreciation and amortization, or EBITDA, according to the report, which added that a deal may be completed as soon as this week. Shares of some U.S.-listed jewelers are moving higher today in mid-morning trading, including Signet Jewelers (SIG), up 3.87% to $54.18, Zale (ZLC), up 3.31% to $4.94 and Blue Nile (NILE) up 4.76% to $39.28.
News For SIG;ZLC;NILE;APO From The Last 14 Days
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September 25, 2014
13:31 EDTAPODow starts process for epoxy, chlorine unit sales, seeks one buyer, Reuters says
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September 24, 2014
08:09 EDTAPOApollo Global weakness creates buying opportunity, says Argus
Argus believes that Apollo Global is clicking on all cylinders, and it thinks that analysts are underestimating the outlook for the company's distributions. The firm cut its price target on the name to $35 from $40 but reiterates a Buy rating.

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