|Bid||0.00 x 1800|
|Ask||36.69 x 800|
|Day's Range||35.38 - 36.49|
|52 Week Range||28.00 - 37.35|
|PE Ratio (TTM)||20.12|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.86 (5.41%)|
|1y Target Est||40.25|
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities. Atlantic Investment Management revealed a stake in the glass-bottle manufacturer of 9,442,027 shares, or 5.9% of the company’s outstanding stock, after a sale and a purchase. On Sept. 13, Atlantic addressed a letter to OI’s CEO Andres Lopez, commenting that since he took the job in 2016, the company has matched or bettered “EPS expectations for 10 straight quarters…while free-cash-flow growth has grown strongly, as well.” However, it also noted that shares are at an “ultralow valuation…essentially flat from when [Lopez] became CEO in early 2016,” leaving the company vulnerable to takeover.
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 middle-market customers, today announced the closing of its previously announced secondary public offering of 3,000,000 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 $15.24 per share. The Company did not sell any shares and did not receive any proceeds from the offering. Citigroup acted as the sole underwriter for the offering. This offering is being made only by means of a prospectus.
of the U.S. Bankruptcy Court in Jacksonville, Fla., last week signed off on the sale procedures, as well as the offer that will serve as the opening bid. A consortium of hedge funds—including Apollo Global Management LLC, Alta Fundamental Advisers LLC and PacBridge Capital Partners Ltd.—received court approval to move ahead with a $19.5 million offer for Premier’s assets, including the Titanic artifacts. The group, which includes equity holders and secured lenders in Premier, increased its bid from the $17.5 million it offered in June to win the backing of Premier’s largest unsecured creditor, a landlord.
Investors need to pay close attention to Apollo Global Management (APO) stock based on the movements in the options market lately.
Gibson Brands is the legendary guitar maker based in Tennessee that has made instruments for Jimi Hendrix and Keith Richards. Now, a legal brawl between two of America’s biggest investment firms means the faltering rock’n’roll emblem has also become a symbol of the shifting hierarchy in global finance. Founded by former bankers, they are part of a group of private equity firms which has spent the years since the financial crisis quietly supplanting their former colleagues in the banking world.
Diamond Resorts, a timeshare company owned by Apollo Global Management LLC, has hired a new chief financial officer who was fired by his last employer for violating company rules. Diamond, which Apollo took private in 2016 for $2.2 billion, has hired Jim Mikolaichik, the company said in a statement today. Earlier this year, Apollo confidentially filed to take Diamond public again, according to a person familiar with the plans, who asked not to be named because the plans are private.
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 middle-market 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”) 3,000,000 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 44,050,000 shares of the Company’s common stock.
Moody's Investors Service said that Momentive Performance Materials Inc.'s B2 Corporate Family Rating (CFR) with a stable outlook remains unchanged at this stage. On September 13, KCC Corporation (Baa2 under review for downgrade), SJL Partners LLC, and Wonik QnC Corporation announced that they have entered into a definitive agreement to acquire MPM Holdings Inc. for approximately $3.1 billion, including the assumption of net debt, pension and OPEB liabilities. MPM Holdings Inc. is the holding company of Momentive Performance Materials Inc. The transaction will be financed through a combination of cash and new debt that will be put in place at closing.
German retailer Metro AG (B4B.DE) plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon (AMZN.O) and a price tag of up to 1 billion euros (918.09 million pounds). Industry bankers contacted by Reuters said private equity firms were the most likely bidders and that Metro might have to effectively pay a buyer to take the chain off its hands. Foreign players have shunned the cut-throat German grocery market, which is dominated by discounters Aldi and Lidl, since Walmart (WMT.N) took a loss of $1 billion when it sold its stores to Metro and pulled out of the country in 2006.
NEW YORK, Sept. 13, 2018-- Presidio, Inc., a leading North American IT solutions provider delivering Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms ...
Specialty-chemicals MPM Holdings Inc. on Thursday said it agreed to be acquired by an investor group in a deal valued at about $3.1 billion, including the assumption of debt, pension and other liabilities. D.E Shaw & Co. and Pentwater Capital Management also hold stakes in MPM.
West Corporation (“West” or the “Company”), a global leader in technology-enabled services, announced today it has entered into an agreement to acquire INXPO, Inc. (“INXPO”), a provider of feature-rich webcasting and online events for the enterprise. From fully branded webcasts or online events, to enterprise video portals, INXPO’s versatile products empower its clients to reach their audiences with broadcast quality video. “Adding INXPO’s robust features to the existing West webcasting solution will create an industry-leading enterprise video communication platform, leveraging the best of both firms' managed webcast and online events,” said John Shlonsky, Chief Executive Officer and President of West Corporation.
Private-equity firms have spent nearly $27 billion on take-private deals in Europe so far this year.
Private equity has long been drawn by reliable cashflow and growing demand from online shopping, with a spate of takeovers by bigger packaging players further spurring their interest. Apollo and Bain have until Oct. 8 to make a firm offer, Britain's RPC said after a Bloomberg report that it was exploring options including a sale. "The European plastic packaging market is considerably less consolidated and so therefore there are opportunities to use people like RPC as a platform in order to consolidate," Panmure Gordon analyst Adrian Kearsey said.
When the chairman of U.K. packaging group RPC Group Plc moaned about his shareholders a few weeks ago, he strangely didn't get the same attention as Elon Musk after the billionaire suggested he would take Tesla Inc. private. The two leveraged buyout firms have responded in haste. RPC makes plastic packaging for things that can't be put in paper or glass.
RPC Group Plc, one of Europe’s biggest packaging makers with a market value of $3.6 billion, rose the most on record after the U.K. firm confirmed it’s in talks to sell itself to private equity firms Apollo Global Management LLC or Bain Capital. The discussions are preliminary and may not result in an offer for the company, RPC said in a statement Monday in response to a Bloomberg News report that the company was considering strategic options. The U.K. company is holding talks with advisers following interest from potential buyers including buyout firms, Bloomberg reported Saturday, citing people familiar with the matter.
Presidio, Inc. (PSDO) (“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 middle-market customers, today announced that its board of directors has authorized two initiatives to capitalize on the Company’s strong growth and free cash flow profile: the initiation of a quarterly cash dividend program and authorization of a share repurchase. Under the quarterly cash dividend program, Presidio will pay a quarterly cash dividend of $0.04 per share ($0.16 per share on an annualized basis) to shareholders. The declaration and payment of future dividends will be subject to the discretion and approval of the Company's board of directors and will be dependent upon, among other things, the Company's financial position, results of operations and cash flow.
Wanda is exploring a deal in which AMC would borrow hundreds of millions of dollars through a convertible bond, and then use that money to buy back some of Wanda's 60 percent stake, the sources said on Wednesday. Wanda controls AMC though its ownership of Class B shares, and aims to retain control after any deal, the sources added. Private equity firms, including Silver Lake Partners and Apollo Global Management LLC, are in talks with AMC about making the debt investment, the sources said.
Wanda is exploring a deal in which AMC would borrow hundreds of millions of dollars through a convertible bond, and then use that money to buy back some of Wanda's 60 percent stake, the sources said on Wednesday. Wanda controls AMC though its ownership of Class B shares, and aims to retain control after any deal, the sources added. Private equity firms, including Silver Lake Partners and Apollo Global Management LLC (APO.N), are in talks with AMC about making the debt investment, the sources said.
JM Holding GmbH, a German family-owned investment vehicle, is exploring options including a partial sale of the business that controls two plastics companies, according to people with knowledge of the matter. A sale of about half of the firm, which is under consideration by some of the owners, would give buyers an equal proportion of two closely held German plastics firms -- Renolit Group and RKW Group -- in its portfolio, the people said, declining to be identified as the deliberations are confidential. A transaction may value the entire investment firm, including its debt, at about 2.5 billion euros ($2.9 billion), one of the people said.
Whistler Energy II is an oil-and-gas company operating in the Gulf of Mexico that is backed by Apollo Global Management.
Inc.’s chief executive plans on retiring less than a year after the security company completed its initial public offering. ADT, based in Boca Raton, Florida, went public in January in an offering priced at $14 a share. The offering came in below the company’s targeted range of $17 to $19 a share, and the share price has struggled to maintain at the IPO price.
Moody's Investors Service ("Moody's") placed the ratings of Diamond Resorts International, Inc. on review for downgrade including its B2 Corporate Family Rating. Other ratings placed on review for downgrade are the company's Probability of Default Rating of B2-PD, secured debt rating of B1 and unsecured rating of Caa1. "The review for downgrade follows the company's weak second quarter results which were driven by increased loan loss provisions that caused the company's pro forma adjusted EBITDA to decline by almost 25% year over year," stated Pete Trombetta, Moody's lodging analyst.
Moody's Investors Service ("Moody's") has affirmed the A2 insurance financial strength (IFS) ratings of Aspen Insurance UK Limited and Aspen Bermuda Limited, and the Baa1 senior unsecured debt rating and Baa3(hyb) preferred stock ratings issued by Aspen Insurance Holdings Limited.
Aspen (AHL) to get acquired by certain investment funds affiliated with Apollo Global for $2.6 billion, following a strategic analysis by Aspen's board to add immediate shareholder value.