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Apollo Global Management LLC (APO.N)

APO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Funds Managed By Apollo Global Management To Acquire About $1 Bln Portfolio Of Equity Investments From GE Capital's Energy Financial Services
Monday, 8 Oct 2018 

Oct 8 (Reuters) - General Electric Co ::FUNDS MANAGED BY APOLLO GLOBAL MANAGEMENT TO ACQUIRE APPROXIMATELY $1 BILLION PORTFOLIO OF EQUITY INVESTMENTS FROM GE CAPITAL’S ENERGY FINANCIAL SERVICES.GE CAPITAL - FINANCIAL DETAILS OF TRANSACTION ARE NOT DISCLOSED..GE CAPITAL-CO, FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL AGREE APOLLO FUNDS TO BUY ABOUT $1 BILLION PORTFOLIO FROM CO'S ENERGY FINANCIAL SERVICES UNIT.  Full Article

Presidio Initiates Quarterly Cash Dividend And Negotiated Share Repurchase
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Presidio Inc ::PRESIDIO ANNOUNCES INITIATION OF QUARTERLY CASH DIVIDEND AND NEGOTIATED SHARE REPURCHASE.PRESIDIO INC - UNDER QUARTERLY CASH DIVIDEND PROGRAM, PRESIDIO WILL PAY A QUARTERLY CASH DIVIDEND OF $0.04 PER SHARE.PRESIDIO - APPROVED REPURCHASE OF 10.8 MILLION OF SHARES FROM FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT FOR ABOUT $160 MILLION.PRESIDIO - INTENDS TO FINANCE SHARE REPURCHASE THROUGH INCURRENCE OF NEW INCREMENTAL TERM LOANS UNDER ITS EXISTING CREDIT AGREEMENT.PRESIDIO INC - SHARE REPURCHASE IS EXPECTED TO CLOSE ON SEPTEMBER 13.PRESIDIO INC - REPURCHASE IS EXPECTED TO DELIVER 7% EPS ACCRETION TO SHAREHOLDERS ON AN ANNUALIZED BASIS.PRESIDIO INC - REPURCHASE IS EXPECTED TO REDUCES AMOUNT OF PRESIDIO STOCK HELD BY FUNDS AFFILIATED WITH APOLLO BY 18.6%.  Full Article

Presidio Inc Q4 Earnings Per Share $0.15
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Presidio Inc ::PRESIDIO, INC. REPORTS FOURTH QUARTER AND YEAR-END FISCAL 2018 RESULTS.Q4 EARNINGS PER SHARE $0.15.Q4 REVENUE $766.3 MILLION VERSUS I/B/E/S VIEW $756.8 MILLION.Q4 EARNINGS PER SHARE VIEW $0.32 -- THOMSON REUTERS I/B/E/S.Q4 ADJUSTED PRO FORMA EARNINGS PER SHARE $0.34.SEES FY 2019 REVENUE $2.85 BILLION TO $2.9 BILLION.AS OF JUNE 30, 2018, CO HAD FIRM, EXECUTED BACKLOG OF $582 MILLION, UP 16% OVER PRIOR YEAR.PRESIDIO - BOARD'S INDEPENDENT COMMITTEE APPROVED REPURCHASE OF 10.8 MILLION SHARES FROM FUNDS AFFILIATED WITH APOLLO GLOBAL MANAGEMENT FOR ABOUT $160 MILLION.PRESIDIO - INTENDS TO FINANCE SHARE REPURCHASE THROUGH PROCEEDS FROM BORROWINGS OF INCREMENTAL TERM LOANS PURSUANT TO CO'S EXISTING CREDIT FACILITY.PRESIDIO - SHARE REPURCHASE TRANSACTION WITH APOLLO EXPECTED TO BE 7% ACCRETIVE TO PRO FORMA ADJUSTED EPS ON AN ANNUALIZED BASIS IN FISCAL 2019 YEAR.SEES FISCAL 2019 PRO FORMA DILUTED EPS GROWTH IN LOW DOUBLE DIGIT RANGE EXCLUDING ACCRETION FROM SHARE REPURCHASE.SEES FISCAL 2019 PRO FORMA DILUTED EPS GROWTH IN MID TO HIGH TEENS INCLUDING IMPACT OF SHARE REPURCHASE.  Full Article

Aspen Insurance To Be Acquired By Funds Affiliated With Apollo Global Management For $2.6 Billion
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Aspen Insurance Holdings Ltd ::ASPEN INSURANCE HOLDINGS LIMITED ENTERS INTO A DEFINITIVE AGREEMENT TO BE ACQUIRED BY CERTAIN INVESTMENT FUNDS AFFILIATED WITH APOLLO GLOBAL MANAGEMENT IN AN ALL-CASH TRANSACTION VALUED AT $2.6 BILLION.DEAL BEEN APPROVED BY ASPEN'S BOARD OF DIRECTORS.APOLLO FUNDS WILL ACQUIRE ALL OF OUTSTANDING SHARES OF CO FOR $42.75/SHARE IN CASH, REPRESENTING EQUITY VALUE OF ABOUT $2.6 BILLION.  Full Article

Apollo Poised To Clinch $2.6 Billion Aspen Takeover - The Insurance Insider
Monday, 27 Aug 2018 

Aug 27 (Reuters) - :APOLLO POISED TO CLINCH $2.6 BILLION ASPEN TAKEOVER - THE INSURANCE INSIDER.  Full Article

Apollo says no timetable for c-Corp decision - earnings call
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Apollo Global Management LLC ::APOLLO GLOBAL MANAGEMENT'S JOSH HARRIS SAYS APOLLO CONTINUES TO ANALYZE PROS AND CONS OF POTENTIAL C-CORP CONVERSION, NO TIMETABLE FOR DECISION - EARNINGS CALL.  Full Article

Apollo Global Management LLC Reports Q2 Net Income Available To Class A Shares Of $0.25
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Apollo Global Management LLC ::APOLLO GLOBAL MANAGEMENT LLC - QTRLY NET INCOME AVAILABLE TO EACH CLASS A SHARE $0.25 .APOLLO GLOBAL MANAGEMENT, LLC REPORTS SECOND QUARTER 2018 RESULTS.APOLLO GLOBAL MANAGEMENT LLC - QTRLY TOTAL REVENUE $523.3 MILLION VERSUS $449.7 MILLION.APOLLO GLOBAL MANAGEMENT LLC - QTRLY ECONOMIC NET INCOME PER SHARE $0.27.  Full Article

Arconic weighs buyout approaches from Apollo and Blackstone-Carlyle pairing - WSJ
Wednesday, 25 Jul 2018 

July 25 (Reuters) - :ARCONIC WEIGHS BUYOUT APPROACHES FROM APOLLO AND BLACKSTONE-CARLYLE PAIRING - WSJ, CITING SOURCES.ARCONIC'S BIDDERS HAVE INDICATED A WILLINGNESS TO PAY A PER-SHARE PRICE IN THE MID-$20S- WSJ, CITING SOURCES.  Full Article

LifePoint Health To Merge With RCCH HealthCare Partners
Monday, 23 Jul 2018 

July 23 (Reuters) - LifePoint Health Inc ::LIFEPOINT HEALTH TO MERGE WITH RCCH HEALTHCARE PARTNERS.LIFEPOINT HEALTH INC - DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $5.6 BILLION.LIFEPOINT HEALTH TO MERGE WITH RCCH HEALTHCARE PARTNERS.LIFEPOINT HEALTH INC - LIFEPOINT SHAREHOLDERS TO RECEIVE $65.00 PER SHARE IN CASH.LIFEPOINT HEALTH INC - PRIVATELY HELD COMBINED COMPANY TO OPERATE AS LIFEPOINT HEALTH.LIFEPOINT HEALTH INC - DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $5.6 BILLION, INCLUDING $2.9 BILLION OF NET DEBT AND MINORITY INTEREST.LIFEPOINT HEALTH INC - DEAL BEEN UNANIMOUSLY APPROVED BY LIFEPOINT BOARD.LIFEPOINT HEALTH - CO, RCCH HEALTHCARE PARTNERS, WHICH IS OWNED BY CERTAIN FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT, TO MERGE.LIFEPOINT HEALTH INC - COMBINED COMPANY WILL BE LED BY WILLIAM F. CARPENTER III, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF LIFEPOINT.LIFEPOINT HEALTH - PSP INVESTMENTS CREDIT USA LLC & AFFILIATE OF QATAR INVESTMENT AUTHORITY COMMITTED TO PROVIDE PORTION OF DEBT FINANCING.LIFEPOINT HEALTH INC - FOLLOWING DEAL CLOSE, COMPANY'S HEADQUARTERS WILL CONTINUE TO BE IN BRENTWOOD, TN.LIFEPOINT HEALTH INC - DEAL FINANCING INCLUDES EQUITY CONTRIBUTION FROM FUNDS MANAGED BY APOLLO.LIFEPOINT HEALTH - CO MAY ACTIVELY SOLICIT ALTERNATIVE ACQUISITION PROPOSALS DURING A 30-DAY PERIOD POST EXECUTION DATE OF THE DEFINITIVE AGREEMENT.  Full Article

Apollo Global Management - Enters Into New Credit Agreement
Thursday, 12 Jul 2018 

July 12 (Reuters) - Apollo Global Management LLC ::APOLLO GLOBAL MANAGEMENT LLC - ON JULY 11, 2018, APOLLO MANAGEMENT HOLDINGS, L.P., AS BORROWER ENTERED INTO A NEW CREDIT AGREEMENT - SEC FILING.APOLLO GLOBAL MANAGEMENT LLC-AMH CREDIT FACILITY PROVIDES FOR $750 MILLION REVOLVING CREDIT FACILITY TO BORROWER WITH FINAL MATURITY DATE OF JULY 11, 2023.APOLLO GLOBAL MANAGEMENT LLC - AMH CREDIT FACILITY REFINANCES OUTSTANDING AMOUNTS UNDER CREDIT AGREEMENT, DATED AS OF DECEMBER 18, 2013.  Full Article

EXCLUSIVE-Casino mogul Fertitta approaches Caesars about merger -sources

Oct 17 Tilman Fertitta, the billionaire owner of the Golden Nugget Casinos, has approached U.S. casino operator Caesars Entertainment Corp about merging it with his own gaming empire, people familiar with the matter said on Wednesday.