|Bid||0.00 x 800|
|Ask||46.00 x 800|
|Day's Range||44.93 - 45.89|
|52 Week Range||20.20 - 46.35|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||73.75|
|Earnings Date||Feb 11, 2021 - Feb 15, 2021|
|Forward Dividend & Yield||1.60 (3.55%)|
|Ex-Dividend Date||Dec 16, 2020|
|1y Target Est||49.20|
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the 2020 Goldman Sachs U.S. Financial Services Conference on Tuesday, December 8, 2020, at 12:00 p.m. ET.
Moody's Investors Service, ("Moody's") confirmed ADMI Corp.'s ("ADMI") B2 Corporate Family Rating, the B2-PD Probability of Default Rating, and the B2 ratings on the first lien senior secured term loan and first lien senior secured revolving credit facility. At the same time, Moody's assigned B2 ratings to the proposed add-on first lien senior secured term loan and the incremental first lien senior secured revolving credit facility.
(Bloomberg) -- Ares Management Corp.-backed hedge fund SSG Capital Management has revised the structure of its bid for an Indian shadow lender to help sidestep delays in regulatory approval.SSG tweaked its 27.5 billion rupee ($374 million) cash bid for Altico Capital India Ltd. to focus on buying the assets of the lender, rather than the firm itself, according to people familiar with the matter.The cash consideration remains unchanged, the people said.The move by the Hong Kong-based hedge fund underscores the complexities of business in India, where deals can languish for months amid rules and regulatory approvals. Altico has been closely watched as India deals with a broader crisis in the shadow bank industry that began in late 2018 and has been complicated by the pandemic, though there have been some signs of improvement.Read Bloomberg’s latest Indian shadow bank tracker hereSSG had previously sought waivers of certain central bank rules, but the Reserve Bank of India was reluctant to do so, fearing it could create precedent for a relaxation of the rules, the people said. Relaxations sought included capital adequacy and borrowers’ concentration exposure, which are applicable to shadow lenders in the country, the people said.Representatives for Altico declined to comment, while Ares and RBI didn’t immediately respond to emails seeking comment.(Adds details of new deal structure in paragraphs 3 and 5)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.