Apollo Global Management

There is big money in ninety-nine cents, and even a dollar. There was a report out this morning from the New York Post that private-equity firm Apollo Management would bid $22 to $24 for 99 Cents Only Stores (NYSE: NDN). As such, shares of the discount retailer are soaring on the news, as are...

Private-equity firms Warburg Pincus and TPG Capital are said to be cooperating on a bid for General Electric's (NYSE: GE) railcar leasing business, which has about $3 billion in assets. Private-equity firms Cerberus Capital Management and Apollo Global Management also reportedly have made bids....

Reuters is reporting that private equity firm The Carlyle Group will soon take HCR ManorCare public in an offering that could raise as much as $500 million. The company is expected to file IPO registration paperwork with the U.S. Securities and Exchange Commission within the next month. The IPO...

Citigroup has changed the price target on the following companies: AllianceBernstein (NYSE: AB) From $20.00 to $19.00 Affiliated Managers Group (NYSE: AMG) From $128.00 to $122.00 Apollo Global Management (NASDAQ: APO) From $24.00 to $23.00 Artio Global Investors (NYSE: ART) From $16.00 to $...

Reuters is reporting that, in the next month, private equity firm Carlyle Group will select banks to underwrite its planned initial public offering. Carlyle hopes to file its IPO prospectus with the Securities and Exchange Commission in the third quarter, according to sources familiar with the...

As takeover targets become scarce, Carlyle Group, KKR (NYSE: KKR) and other buyout specialists are becoming asset managers that run hedge funds and strip malls, according to a report in Bloomberg. Blackstone Group (NYSE: BX), the largest private-equity firm, earns twice as much from owning office...

Rexnord Corp. has revived its plans to go public, filing to raise up to $700 million in an initial public offering. The U.S. industrial firm is backed by Apollo Global Management. Milwaukee-based Rexnord first filed to go public in 2006 for up to $400 million under the name RBS Global Inc. It was...

Apollo Global Management and Broadway Partners are reported to have offered more than $1.68 billion for the U.S. real estate holdings of Charter Hall Office REIT. Those holdings include office buildings in Boston, Denver and Los Angeles. Other bids for Charter Hall's 14 U.S. properties came from...

Keefe Bruyette rated Apollo Global with a New Outperform rating. The price target is set at $21.

Apollo Global Management's initial public offering (IPO) priced at $19, CNBC is reporting. The IPO raised $565.4 million. The company sold 29.76 million shares, handily beating the pre-sale projection of 26.3 million. According to CNBC's Kate Kelly, "The price level marks a strong finish for a...

Pactiv Corp. (NYSE: PTV) has attracted new suitors in the form of Georgia-Pacific Corp. and Rank Group. Pactiv (PTV) is also in talks with private-equity firm Apollo Global Management about a potential acquisition. According to the Wall Street Journal, Pactiv has added $0.5 billion to its market...