32.42 0.00 (0.00%)
After hours: 4:46PM EDT
|Bid||32.04 x 800|
|Ask||32.58 x 900|
|Day's Range||32.05 - 32.65|
|52 Week Range||22.63 - 36.49|
|Beta (3Y Monthly)||1.82|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.24 (7.93%)|
|1y Target Est||N/A|
Shutterfly rose as much as 13 percent in New York trading Wednesday, the biggest intraday jump since May 2. Representatives for Shutterfly, Apollo and Cerberus declined to comment. Shutterfly, which sells personalized frames and photo albums online, hired an adviser to review strategic alternatives after receiving interest from potential buyers, it announced in February.
E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and making more of the French company's products available on Amazon. The move, which follows an initial co-operation between Casino's upmarket Monoprix supermarket chain and Amazon in Paris, could re-ignite speculation of a bigger deal later on. An Amazon spokeswoman said it had a policy of not commenting on market speculation.
French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros (£407 million). Casino said the proposed transaction was to take place by the end of July, with 80 percent of the value of the assets expected to be paid for by then. The company is in the process of selling assets in order to help cut its debts and ease concerns over the financial position of both Casino and its parent holding company Rallye.
Casino, the French retailer, has sold a portfolio of 32 stores to private equity group Apollo Global Management for €470m, the latest deal in an ongoing asset disposal plan as Casino seeks to shore up its financial position and reassure investors. Casino said on Monday the portfolio of stores is made up of 12 Géant Casino hypermarkets and 20 Monoprix and Casino supermarkets properties, located primarily outside of Paris. Apollo will create a special purpose vehicle to acquire Casino’s real estate portfolio and Casino will receive an interest in this new entity.
The dust-up involves CEVA Logistics AG, a Swiss company that Apollo acquired more than a decade ago. Former executives today say Apollo double-crossed them. In a $34 million class-action lawsuit against Apollo and CEVA, they say the buyout firm looked out for its own interest and used a deft stroke of financial engineering that ended up wiping out their equity.
Here are the details investors need to know following Apollo Global Management's acquisition of Smart & Final Stores.
The food and supply store chain Smart & Final (NYSE: SFS ) announced Tuesday that it agreed to be acquired by investment funds managed by Apollo Global Management LLC (NYSE: APO ) for $6.50 per share ...
Slovenia's third-largest bank, Abanka, which is due to be sold in coming months, made a group net profit of 65.6 million euros ($74.17 million) in 2018 versus 41.6 million a year before, amid costs cuts and a decline in bad loans, Abanka said on Wednesday. The bank has a market share of 9.6 percent in Slovenia, according to balance sheet assets, which rose by 2 percent last year. Hungarian bank OTP said it was bidding to buy Abanka, while local media reported Serbian bank AIK and U.S. investment fund Apollo were also bidding for the bank.
The deal comes after Apollo sold Smart & Final to Ares Management Corp, another buyout firm, in 2012 for $975 million, including debt. It is Apollo's latest bet on the brick-and-mortar grocery sector, even after its last acquisition in the space, its $1.4 billion leveraged buyout of Fresh Market Inc in 2016, has soured amid increasing competition. Apollo will pay $6.50 per share in cash for Smart & Final, a 21 percent premium to its closing share price on Tuesday.
Obtain important information about the world's top ten private equity firms ranked as of 2015, including their investment focus and portfolio assets.
Moody's Investors Service ("Moody's") today placed the ratings of CEC Entertainment, Inc. ("CEC") under review for upgrade. Ratings placed under review include the B3 Corporate Family Rating, the B3-PD Probability of Default Rating, the B2 rated senior secured revolver and term loan B, and the Caa2 rated senior unsecured notes. This rating action follows the announcement that CEC Entertainment, Inc., along with its parent company Queso Holdings, Inc., have entered into a definitive business combination agreement with Leo Holdings Corporation, a publicly traded special purpose acquisition company.
Is Apollo Global Management LLC (NYSE:APO) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known […]
Santa Clara, California-based Avaya is working with an investment bank to run an auction after receiving inquiries from private equity and other firms, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Potential bidders are understood to include private equity firms Apollo Global Management LLC, Permira Holdings and Searchlight Capital Partners, the people said. Representatives for Apollo and Searchlight declined to comment.
Buyout group Apollo is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said. The private equity firm, which is working with Lazard as its IPO advisor, has asked banks to pitch in coming days for roles in organising the flotation, which could value Verallia at more than 4 billion euros (3.45 billion pounds), they said. Rothschild is advising Verallia, they added.
CEC Entertainment Inc., owner of Chuck E. Cheese and Peter Piper Pizza and part of Queso Holdings Inc., announced today that it's entered into a business combination agreement with Leo Holdings Corp. CEO Tom Leverton talked to the Business Journal more about what to expect from the transaction.
Chuck E. Cheese's parent company is returning to the New York Stock Exchange through a merger with a special purpose company, making it the first restaurant company to enter the public market in four years.
Chuck E. Cheese parent CEC Entertainment Inc. said Monday it has agreed to merge with Leo Holdings Corp. , a publicly traded special purpose acquisition company, to create a new public company with an initial enterprise value of about $1.4 billion. The new company will be renamed Chuck E. Cheese Inc. and will trade on the New York Stock Exchange under the ticker symbol "CEC." CEC, which also owns Peter Piper Pizza, will continue to be majority owned by Apollo Global Management LLC funds once the deal is completed with a closing expected in the second quarter. CEC is expecting first-quarter same-store sales to climb 7.7%, after a 3.3% rise in the fourth quarter. The company had 2018 revenue of $896 million and a gross margin of 85%. Chuck E. Cheese has 606 venues across 47 states and 14 countries, while Peter Piper Pizza has 144 venues across six states and Mexico. Leo shares were not yet active premarket, but have gained 5.8% in the last 12 months, while the S&P 500 has gained 11.1%.
Carlyle Group LP, Altaris Capital Partners LLC and Cerberus Capital Management have also advanced to the next round of bidding for Perrigo’s Generic Rx unit, said the people, who asked to not be identified because the matter is private. Representatives for Apollo, CVC, Carlyle, Cerberus and Perrigo declined to comment.
Moody's Investors Service ("Moody's") will hold its 3rd Emerging Markets Summit (https://events.moodys.io/events/ems-2019) in London on 16 May, with a focus on how tensions are mounting for emerging markets as the global cycle turns. Senior Moody's analysts from around the globe covering the sovereign, banking and corporate sectors will provide actionable insight on the main challenges shaping emerging markets, and drill down into the credit trends and issues affecting a number of key developing market economies. "We will explore what global liquidity tightening means for emerging markets, examine which developing markets are most exposed to rising trade protectionism and assess the impact of the global slowdown in growth," says Philipp Lotter, Head of Global Corporates at Moody's.
With Apollo on board PetSmart has just over half of the 51 percent approval it needs get the amendment through, said the people, who asked not to be identified discussing a private matter. Representatives for PetSmart and Apollo declined to comment. Last week PetSmart spoke with lenders to gather feedback on the retailer’s original proposal.