|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||27.80 - 29.10|
|52 Week Range||22.63 - 37.35|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||17.77|
|Earnings Date||Jan 31, 2019|
|Forward Dividend & Yield||1.93 (7.28%)|
|1y Target Est||36.09|
U.K. plastics company RPC Group PLC first confirmed it was in talks with Apollo Global Management over a sale in September.
(Reuters) - RPC Group (RPC.L), Europe's biggest plastics packaging maker, said on Friday the deadline for its private equity suitor Apollo Global Management (APO.N) to make a firm offer for the company ...
Apollo Global Management LLC is nearing a deal to buy aerospace-parts maker Arconic Inc. for more than $10 billion, a transaction that, if successful, promises to ease investor fears over a potential deep freeze in the credit markets.
NEW YORK, Jan. 16, 2019 -- Presidio, Inc. (NASDAQ:PSDO) (“Presidio” or the “Company”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud.
Private-equity firm Apollo Global Management LLC is nearing a deal to buy Arconic Inc. for more than $10 billion, ending months of negotiation over what would be one of the largest leveraged buyouts in recent years. The Wall Street Journal first reported in July that Apollo and others were interested in an acquisition of Arconic, an aerospace-parts maker that was Alcoa before the aluminum company was split up in 2016. Apollo, before emerging as the front-runner, competed in an auction with other buyout firms including a team of Blackstone Group LP and Carlyle Group LP.
Private equity firm Apollo Global Management LLC is closing in on a deal to buy Arconic Inc., according to a report in the Wall Street Journal. Arconic shares are currently trading at just over $19. The Journal reported that people familiar with the deal said it could close as soon as this week.
The private equity firm would pay between $21 and $22 per share in a deal that would likely be announced this week, the report said, citing people familiar with the matter. Reuters had reported in October that Apollo Global was in advanced negotiations to acquire Arconic. Elliott Management Corp, the activist hedge fund that sits on Arconic board, is working to address potential liabilities weighing on the sale process for the U.S. aluminum products maker, Reuters had reported in November.
Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo”) announced today that it plans to release its financial results for the fourth quarter and full year 2018 on Thursday, January 31, 2019, before the opening of trading on the New York Stock Exchange.
Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo” or the “Company”) (APO) today announced an expansion of its executive leadership team with the elevation of Lead Partner and Chief Operating Officer (Credit) Anthony Civale and Chief Financial Officer Martin Kelly to serve as Co-Chief Operating Officers of the Company. Mr. Kelly will continue in his role as CFO. In their new capacities, Mr. Civale and Mr. Kelly will oversee Apollo’s business operations and corporate infrastructure.
Italian private equity firm Investindustrial said on Monday it had signed deal to buy premium hot tubs maker Jacuzzi and other brands of spa and bathroom products from a number of investment funds including ...
Shares of troubled industrial conglomerate General Electric (NYSE:GE) sank to a ominous low of $6.66 on Dec. 11. Interestingly enough, that was the level at which GE stock bottomed during the financial crisis of 2008, while 666 was the level at which the S&P 500 bottomed then, too. Maybe there is something to the Devil's number after all. In the near month of trading since hitting $6.66, GE stock has risen 30%, marking its best one month stretch over the past five years. The stock is also coming off of six straight days of gains, with three of those days having 3%-plus moves and two of them having 6%-plus moves. That is some seriously bullish price action which is strongly indicative of a bottom. Meanwhile, the fundamentals have improved as the company is taking aggressive and constructive steps towards "leaning up" operations. GE is reportedly spinning off its healthcare business via an IPO, and is nearing a deal to sell its jet leasing business to Apollo Global Management (NYSE:APO). InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks You Can Set and Forget (Even In This Market) These improvements have led to a flurry of bullish analyst calls and upgrades. UBS reiterated its Buy rating on GE in early December. Then, the longtime bearish analyst team at JPMorgan upgraded to Hold. That was followed by two similar Sell to Hold upgrades from CFRA and Vertical Research. Overall, there's plenty of reason to believe GE finally has bottomed. While there's still no rush to buy big into GE (this hole will take a long time to climb out of), there is reason to become constructive on the stock at current levels. As such, nibbles on near term pullbacks seem warranted. ### The Tide Appears to Have Turned For several quarters, GE was a falling knife with no bottom in sight. Bulls thought $20 was a bottom. It wasn't. They then thought $10 was a bottom. It wasn't. Now, though, technicals, fundamentals, and sentiment imply that GE stock did put in a bottom at $6.66. From a technical standpoint, $6.66 was the long term level of support that held the stock back in 2009. Unlike other support levels which the stock broke through over the past several years, this line of support held. More important, it held twice; once on Dec. 11 and once on Dec. 12 which was significant of a double bottom confirmation which normally means the worst of the sell-off is indeed over. Also, the bounce back has been strong. As soon as GE stock touched $6.66 the second time, it bounced back swiftly. Within a day, the stock was up more than 10%. Within a week, it was up nearly 20%. Broadly speaking, not only did the 2009 low hold, but it held emphatically, too. From a fundamental standpoint, the biggest drags on GE stock were its debt-burdened balance sheet, its convoluted operations, and lack of consistent profitability across operating segments. Those three drags are improving in the New Year. The company is finally spinning off big businesses, and in so doing, is slimming up the operating profile and cleaning up the balance sheet. So long as these successful spin offs continue and leverage and operational complexity go down, GE gradually will rise. From a sentiment standpoint, you finally have Wall Street saying a bottom is in. For a long time, even at levels below $10, it felt like there was a still a new analyst every week calling for GE stock to go lower. That negative analyst sentiment obviously impacted investor sentiment, and GE dropped. But, all those downgrades have now disappeared and been replaced by upgrades. If the fundamentals keep improving through asset and business divestitures, and the path forward gains visibility, analysts will keep upgrading the stock. If they do, investor sentiment will continue to improve, too, and that will drive GE stock higher. ### Still No Rush to Buy All in all, it seems like GE stock has successfully bottomed. But, that doesn't mean there's any rush to buy into the stock today. The hole that GE finds itself in today took several years and arguably decades to create. It might not take that long to climb out of it. But, it will take a long time, and unequivocally longer than a month. As such, while GE stock may have bottomed and the long term trend is in the process of reversing course, GE stock's path higher will be slow and bumpy. Because of this, there's no need to buy now, or all at once. Instead, this is simply the time to start dipping toes into the water. ### Bottom Line on GE Stock GE stock has bottomed. In the long run, this stock is now on course to head significantly higher. But, the trip higher will be slow and bumpy. As such, "GE has bottomed" does not mean "time to buy GE in bulk." Instead, it means "time to take small bites of GE stock." As of this writing, Luke Lango was long GE. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post The Tide Has Turned for Beaten up GE Stock, but Don't Jump Right In appeared first on InvestorPlace.
The Dow Jones Industrial Average was higher Monday amid improved prospects for a trade agreement between the U.S. and China. could be preparing a $40 billion bid for the company's airplane leasing division. reached an agreement to buy biopharmaceutical company Loxo Oncology Inc.
Shares of General Electric Co. powered up 5.5% toward a sixth-straight gain in afternoon trade Monday, enough to pace its industrial-sector peers, after Bloomberg reported that Apollo Global Management LLC was readying a bid to buy GE's jet-leasing business, which could be valued at as much as $40 billion. CFRA analyst Jim Corridore followed by upgrading GE to buy from hold, and lifted his price target to $11, which is about 27% above current levels. "With GE preparing to spin-off healthcare and sell-off its share in Baker-Hughes, we think this news could provide a path to fix GE's highly leveraged balance sheet," Corridore wrote in a note to clients. Meanwhile, J.P. Morgan analyst Stephen Tusa, the long-time bear who caused a stir last month when he upgraded GE to neutral from underweight, said he struggles to see support for a $40 billion valuation, and believes the business is worth closer to $30 billion, and doesn't believe a sale would be the "silver bullet" to leverage issues that bulls expect. He reiterated his $6 stock price target, which is 31% below current levels. The stock has gained 29.5% over the past since it closed at a 9 1/2-year low of $6.71 on Dec. 12, while the SPDR Industrial Select Sector ETF has declined 3.7% and the Dow Jones Industrial Average has lost 4.0% over the same time.
Apollo Global Management LLC is working to line up financing to buy GE’s jet-leasing unit, which could be valued at as much as $40 billion, Bloomberg reported after the close of trading Jan. 4. A deal isn’t imminent, and GE hasn’t even committed to sell the operation, but a number of potential buyers are now angling for GE Capital Aviation Services, the crown jewel of GE’s finance operations. The interest suggested that new Chief Executive Officer Larry Culp could make sweeping changes to resuscitate the Boston-based company, which has wiped out more than $200 billion of investor wealth in the past two years.
stock is climbing on Monday morning amid news private equity players are preparing bids for the company's jet leasing division, GE Capital Aviation Services. The sale of the business would allow the company to deal with its ballooning debt load, a key to maintaining the company's much-protected, although diminished, dividend and preventing a junk credit rating. "We believe that any sale of GECAS would go a long way towards reducing the FinCo perceived liability risk," Wolfe Research analyst Nigel Coe wrote in his take on the rumored deal.
Steelcase, Apollo Global Management, Lennar, Constellation Brands and Bed Bath & Beyond highlighted as Zacks Bull and Bear of the Day
Apollo's bid comes as GE's new chief executive officer, Larry Culp, is battling to restore profits and slash debt after the industrial conglomerate lost $22.8 billion in the third quarter, mostly from its ailing power unit. Apollo's offer could put pressure on GE to also sell the aircraft unit, known as GE Capital Aviation Services (GECAS). Apollo is looking at financing its bid partly through debt and equity provided by Athene Holding Ltd, the annuity provider for which it provides asset management services, the sources said.
Apollo Global Management LLC is in talks with merchant bankers to borrow enough cash to buy some or all of the jet-leasing unit from General Electric Co. , according to a report late Friday. GE stock rose 3.4% in after-hours trading Friday. Apollo is looking for about $30 billion in debt to buy the jet-leasing business, Bloomberg News reported, citing anonymous sources. GE stock closed up 2.1% in the regular session Friday, as the S&P 500 index rose 3.4%.
Private equity giant Apollo Global Management is reportedly having discussions with bankers to secure debt to buy all or part of General Electric's GE jet-leasing business. The asset manager has met with lenders to acquire about $30 billion in financing to buy the segment, worth an estimated $40 billion, according to Bloomberg News. GE Capital Aviation Services (GECAS) is considered the crown jewel of what's left of GE Capital.
The New York-based alternative asset manager has met with lenders to secure about $30 billion in financing to purchase GE Capital Aviation Services as potential buyers circle one of the ailing manufacturer’s crown jewels, said the people, who asked not to be identified because the matter isn’t public. GE shares rose as much as 5.1 percent in late trading in New York. The leasing unit, known as GECAS, sits alongside Dublin-based AerCap Holdings NV as the world’s top plane lessors.
Sycamore Partners and Apollo Global Management LLC are bidding for the company, and a deal could be announced by mid-February, according to a person familiar with the matter.
Private-equity firm Apollo Global Management is reportedly eyeing an offer to acquire General Electric's aircraft leasing operations, which are worth as much as $40 billion.