|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||29.86 - 30.62|
|52 Week Range||22.63 - 36.49|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||18.82|
|Earnings Date||May 1, 2019 - May 6, 2019|
|Forward Dividend & Yield||2.24 (7.43%)|
|1y Target Est||36.25|
LLC has taken the first step to becoming one of the nation’s biggest owners of local television stations. On Friday, the private-equity firm struck a deal to acquire a majority stake in 13 television stations owned by Cox Media Group, a division of closely held Cox Enterprises Inc. The deal also includes Cox’s radio and newspaper properties in Ohio. Northwest Broadcasting didn’t respond to requests for comment.
Apollo is also a bidder for a portfolio of local TV stations worth about $1 billion that Nexstar Media Group Inc plans to shed following its $4.1 billion takeover of Tribune Media Co, Reuters reported. If Apollo wins that group of stations, it would combine the assets with the Cox TV stations, sources have said. Apollo also has an agreement to acquire the assets of Northwest Broadcasting, which owns more than a dozen TV stations in mostly rural markets in the Pacific Northwest, and combine them with the Cox assets, Reuters reported.
Cox will keep a minority stake and help operate the stations via a new business based in Atlanta, the companies said Friday. The company also is in talks to buy a group of local television stations from Nexstar Media Group Inc. for more than $1 billion, people with knowledge of the situation said this week. The Cox assets include an ABC affiliate in Atlanta, a Fox station in Boston and a CBS affiliate in Seattle.
ATLANTA , Feb. 15, 2019 /PRNewswire/ -- Cox Enterprises Inc. today announced that it has reached an agreement with funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, ...
Affiliates of certain investment funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (APO), a leading global alternative investment manager, and Aspen Insurance Holdings Limited (“Aspen”) (AHL), announced today that the Apollo Funds have completed the previously announced acquisition of Aspen. The transaction, which was first announced on August 28, 2018, closed following receipt of regulatory approvals and the approval of Aspen’s shareholders.
NEW YORK , Feb. 14, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent Amedisys Inc. (NASD: AMED) will replace Aspen Insurance Holdings Ltd. (NYSE: AHL) in the S&P MidCap 400, and Innovative Industrial ...
The billionaire investor is poised to become one of the biggest players in local television thanks to a dealmaking spree. First off, Apollo is in talks to buy a group of local television stations from Nexstar Media Group Inc. for more than $1 billion, according to people with knowledge of the matter. Apollo is negotiating a deal for those channels and plans to combine them with the Nexstar assets -- along with a dozen stations that the private equity firm agreed to buy last year from little-known Northwest Broadcasting Inc., the people said.
Presidio, Inc. (PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers, today announced the closing of its previously announced secondary public offering of 4,000,000 shares of the Company’s common stock by AP VIII Aegis Holdings, L.P., an affiliate of investment funds managed by affiliates of Apollo Global Management, LLC (APO), at a price of $15.11 per share. Upon completion of the offering, the Company no longer qualifies as a “controlled company” within the meaning of the NASDAQ corporate governance requirements. The Company did not sell any shares and did not receive any proceeds from the offering.
The search follows the departure of Apollo’s global head of real assets Joe Azelby last year. Azelby, who retired from JPMorgan Chase & Co. after roughly three decades, spent a little over a year at Apollo as a senior partner and member of its management committee. Azelby and Apollo’s top brass differed in their approach to attracting investors and assembling teams for its planned infrastructure funds, Bloomberg News reported at the time.
OMAHA, Neb., Feb. 11, 2019 -- HIMSS TV returns for the second year in a row at HIMSS19, the world’s largest health, information and technology conference, streaming live from.
is close to a roughly $3 billion deal to acquire Cox Enterprises Inc.'s 14 regional TV stations, according to a published report. Reuters, citing people familiar with the matter, reported that the Atlanta-based Cox has been looking to exit the regional TV sector. An agreement between Apollo and Cox could be announced later this week.
Shares in the company, which makes plastic aerosol dispensers for Procter & Gamble's (PG.N) Gillette shaving cream, fell as much as 60 percent and have lost almost all their value since hitting 13.5 Swiss francs ($13.46) three years ago. Airopack, whose net loss topped 40 million euros ($45.3 million) in 2017, has been seeking to slash debt via a recapitalization plan announced on Nov. 30. Airopack said it would seek a short period of debt relief with Swiss courts in order to gain breathing room, negotiate with lenders and seek to avoid bankruptcy proceedings.
British English can be confusing for American speakers. However, UK rules governing takeovers are crystal clear: a final offer is final. That could be bad news for US private equity firm Apollo. Having ...
Cox, a privately held media conglomerate whose holdings span automotive websites, newspapers and cable TV, has been seeking to exit the regional TV sector, which is going through a wave of consolidation. Cox and Apollo are also discussing some joint venture agreements for Cox's broadcast station in Atlanta, where Cox is headquartered and also has radio stations, the sources said. There may be other cities where the companies decide tohave joint ventures, the sources added.
Apollo Global Management LLC is close to a $3 billion deal to buy 14 regional TV stations from Cox Enterprises Inc., Reuters reported Sunday night. The purchase may be announced this week, though sources told Reuters it was not yet a done deal. Cox would be the latest regional TV target of the private equity firm, after a bid to buy stations from Nexstar Media Group and a deal to buy the assets of Northwest Broadcasting. The 14 Cox stations are in nine states and reach more than 31 million viewers, Reuters said.
A private equity consortium led by Blackstone Group LP and Hellman & Friedman LLC and a group that includes Advent International and Goldman Sachs Group Inc's buyout arm have advanced to the second round of bidding for Nielsen Holdings Plc, people familiar with the matter said on Friday. Nielsen said in September it would expand a review of strategic alternatives to include a sale of the entire television ratings company after coming under pressure to do so from hedge fund Elliott Management Corp, which in August reported it owned up to 8.4 percent of the company's shares. Private equity firms Apollo Global Management LLC and Bain Capital LP also went to the next round of bidding in the Nielsen auction, which is expected to be completed by March, the sources said.
A newly posted video of his visit to Moscow in the mid-1990s shows a previously undisclosed participant -- Apollo Global Management LLC’s Leon Black. A few seats down from a youthful Trump sits U.S. investor Bennett LeBow.
Presidio, Inc. (PSDO) (together with its subsidiaries, “Presidio” or the “Company”), a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers, today announced that AP VIII Aegis Holdings, L.P. (“Aegis LP”), an affiliate of investment funds managed by affiliates of Apollo Global Management, LLC (APO) intends to offer for sale in an underwritten secondary offering (the “offering”) 4,000,000 shares of the Company’s common stock pursuant to the shelf registration statement (File No. 333-224462) filed by the Company with the Securities and Exchange Commission (the “SEC”) on April 26, 2018. Upon completion of the proposed offering, Aegis LP will own 40,050,000 shares of the Company’s common stock.
Blackstone Group LP and Carlyle Group LP recently adopted it as their key metric after KKR & Co. changed last year. The yardstick, which has been in past earnings reports but not spotlighted, strips out mark-to-market valuations and promises to make quarterly results less volatile, particularly in turbulent markets. The share prices of these giant firms have mostly lagged the broader market since they went public, which for Blackstone was more than a decade ago.
Record Quarterly Revenue, up 18.3% year over yearStrong Quarterly Growth in GAAP Cash Flow from Operations and Free Cash FlowRaises Fiscal Year 2019 Revenue Guidance NEW YORK,.
Arconic Inc. named board Chairman John Plant its chief executive, cutting ties with CEO Chip Blankenship two weeks after the aluminum-sheet and parts maker walked away from a deal to be acquired by Apollo Global Management LLC. Mr. Blankenship lost the support of Arconic’s board after failing to get a majority of its 12 directors to agree to Apollo’s $10 billion takeover offer, said two people familiar with the board’s deliberations. An Arconic spokesman declined to comment on the circumstances leading to Mr. Blankenship’s departure.
Plant, the company’s fourth CEO since early 2017, is expected to serve in the top post for a year, the maker of aerospace and automotive parts said in a statement Wednesday. Elmer Doty, a director, has been named chief operating officer, while Arthur Collins Jr., also on the board, becomes lead director. The management overhaul deepens uncertainty at Arconic, two weeks after the company backed out of late-stage talks to sell itself to Apollo Global Management -- a move that sent the shares tumbling the most in eight months.
Elliott Management Corp. spent years pushing for changes at Arconic Inc. and its pre-breakup predecessor Alcoa Inc., arguing a better management team could steer the company toward higher profit margins. The hedge fund had a hand in picking at least seven of Arconic’s 13 board members, including CEO Chip Blankenship, whose one-year tenure ended abruptly on Wednesday as Arconic announced he would be replaced by Chairman John Plant. Elmer Doty, whom Elliott campaigned for as part of a 2017 proxy fight that saw former CEO Klaus Kleinfeld ousted, will be the chief operating officer.