|Bid||0.00 x 800|
|Ask||34.01 x 800|
|Day's Range||33.73 - 34.16|
|52 Week Range||22.63 - 36.49|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||48.26|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||1.91 (5.60%)|
|1y Target Est||38.35|
Any potential bidder for troubled Italian bank Carige should not expect the lenders' creditors to shoulder big losses for their own benefit, the chief of one of Carige's creditor banks said on Thursday. Giuseppe Castagna was answering questions about a rescue bid for Carige that according to sources has been put forward by U.S. private equity fund Apollo Global Management. Castagna did not mention Apollo by name, simply saying Italian banks had received a draft proposal for Carige by an unnamed fund which was still at a very early stage.
slid on Wednesday following a report that said the company was having trouble attracting a bidder after two private-equity firms said no to making an offer. Citing sources familiar with the situation, The New York Post reported on Wednesday that two private-equity firms who expressed interest in making an offer for the cash-machine maker -- Warburg Pincus and Apollo Global Management -- have both walked away, and that no new bidders have stepped up. The Atlanta-based company, which also makes barcode scanners and self-checkout kiosks, put itself up for sale in early May. Media reports about interest from Warburg Pincus and Apollo at the time sent the company's stock to over $30 a share.
Slovenia said on Wednesday that its second biggest bank Nova KBM (NKBM) will buy the country's No. 3 lender Abanka after submitting the winning bid in a scheme to privatise the lender. Slovenia promised to sell Abanka, which is 100% state owned, in exchange for the European Commission's approval of state aid to the bank in 2013. Slovenian Sovereign Holding (SDH), which is in charge of privatisations, said NKBM, which is owned by U.S. investment fund Apollo, put in the best bid.
Houston-based Gastar Exploration LLC and Tulsa, Oklahoma-based Chisholm Oil and Gas LLC plan to combine, with the goal of creating "the leading STACK (exploration and production) company," according to a June 19 press release. The companies, both controlled by private equity funds, did not disclose financial terms of the deal in the release. The combined company will retain the name Chisholm Oil and Gas and stay headquartered in Tulsa.
Chisholm Oil and Gas, LLC ("Chisholm") of Tulsa, Oklahoma and Gastar Exploration LLC ("Gastar") of Houston, Texas announced today that they have entered into definitive agreements to effect a merger between the two companies. The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, will have net production of approximately 20,000 Boe per day and a combined acreage position of approximately 165,000 net acres, primarily in Kingfisher County, Oklahoma. Chisholm is currently running three rigs and has a dedicated frac crew.
A US$340m term loan backing Apollo Global Management’s purchase of supermarket chain Smart & Final priced on Tuesday morning but not before lead banks added a series of changes to the loan after failing to attract enough investors under the original terms, sources said. The loan priced at a steep discount, which investors suggested might imply a potential loss for banks arranging the financing. Such a loss, however, might be more than offset by remaining on good terms with sponsor Apollo, one of the most relevant private equity shops on the street.
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of March. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
First Street Merger Sub, Inc. (the “Offeror”), an entity controlled by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (APO) (together with its consolidated subsidiaries, “Apollo”), a leading global alternative investment manager, today announced the successful completion of the previously commenced cash tender offer by the Offeror to purchase all of the outstanding shares of common stock of Smart & Final Stores, Inc. (SFS) (“Smart & Final”).
The Slovenian state body in charge of privatisation said it postponed its supervisory board meeting to discuss the sale of lender Abanka until Wednesday to have more time to study the bids. Slovenian Sovereign Holding's (SDH) board was due to meet on Monday and choose among the bidders for the country's third largest bank. Daily Delo reported on Friday that SDH received two bids for Abanka, with U.S. investment fund Apollo offering more than the second bidder, Hungary's OTP.
The two U.S. wireless carriers have agreed to sell prepaid brand Boost Mobile to gain regulatory approval for the $26 billion merger. The U.S. Department of Justice has been in discussions with Dish, Altice USA and Charter Communications to purchase wireless assets from the merger to preserve competition in the industry, according to sources familiar with the matter. The Justice Department is expected to decide whether to approve the merger as early as next week, a source has told Reuters.
Investors seeking financial stocks that can outperform amid the market's crosscurrents in 2019 might consider eight financial services companies in industries such as exchanges, property insurance, alternative asset management, and mortgages. While banks are currently rebounding in the latest rally, their profits are likely to be pressured by an inverted yield curve that will squeeze earnings.
NEW YORK, June 11, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Shutterfly, Inc. (NASDAQ: SFLY) on behalf of.
Moody's Investors Service ("Moody's") said Shutterfly, Inc.'s Ba3 Corporate Family Rating (CFR), existing debt ratings and negative outlook are not immediately impacted by Monday's announcement that the company has entered into a definitive agreement to be acquired by funds managed by affiliates of private equity firm Apollo Global Management, LLC. For further information, please visit www.moodys.com. Headquartered in Redwood City, CA, Shutterfly, Inc. is a leading online manufacturer and retailer of personalized consumer photo products and services through premium brands. This publication does not announce a credit rating action.
The leading online provider of photofinishing products finally names a buyer, and it's not a pretty picture for investors who were holding out for more.
NEW YORK, June 11, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Shutterfly, Inc. (“Shutterfly” or.
NEW YORK , June 11, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Shutterfly, Inc. (NASDAQ: SFLY) and its board of directors for breach of fiduciary duty concerning the ...
WILMINGTON, Del., June 11, 2019 -- Rigrodsky & Long, P.A.: Do you own shares of Shutterfly, Inc. (NASDAQ GS: SFLY)? Did you purchase any of your shares prior to June 10,.
U.S. stocks benchmarks Tuesday morning opened firmly higher, adding to a multisession run that has been partially supported on the day by reports of China planning fresh stimulus to spur its economy. The Dow Jones Industrial Average rose 176 points, or 0.7%, at 26,240, set for its seventh consecutive gain. Meanwhile, the S&P 500 index advanced 0.9% at 2,911, while the Nasdaq Composite Index climbed 1.1% at 7,909. Both the S&P 500 and Nasdaq are set for their sixth straight gain. The market has been rebounding as investors have hoped for easing of trade tensions between the U.S. and China and the Federal Reserve has signaled at least a willingness to consider easing monetary policy to help to sustain economic expansion. A decision by the Trump administration to halt tariffs on Mexico which had been planned for Monday also helped drive equity markets higher to start the week. On the economic front, the producer-price index, advanced a seasonally adjusted 0.1% in May from a month earlier, according to Labor Department. In corporate news, shares of Shutterfly Inc. were gaining, after reports that Apollo Global Management LLC would acquire the photo-sharing company.
Shutterfly, Inc. (NASDAQ: SFLY ) confirmed Monday it reached an agreement to sell itself to an affiliate of Apollo Global Management for $51 per share in cash. The deal represents a premium of 31 percent ...
U.S. stock futures rose on Tuesday, pointing to a sixth straight day of gains for Wall Street, despite Donald Trump saying he was ready to levy additional tariffs on China if a trade deal wasn't reached at the G-20 summit later this month. The president told CNBC on Monday that he would raise tariffs on China if his Chinese counterpart, President Xi Jinping, didn't attend the G-20 meeting. China, for its part, said it would respond firmly if the United States insists on escalating trade tensions.
Shutterfly will be bought for $51 a share in cash, a premium of about 1.5% to Shutterfly's closing price on Monday of $50.25. The stock was down 2.2% to $50.04 in premarket trading Tuesday. "Earlier this year, Shutterfly announced the formation of a strategic review committee to continue the board of directors' ongoing review of strategic alternatives for the company," said William Lansing, Shutterfly's chairman.
Private Equity firm Apollo Global is buying online photo publishing company Shutterfly and Snapfish, a $1.74 billion deal, with plans to combine the two companies. Yahoo Finance's Dan Roberts, Myles Udland, and Melody Hahm discuss.