Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo (NYSE: APO) is set to release its third quarter financial results on November 2, 2022, prior to the NYSE opening. The management will host a public webcast at 8:30 am ET to discuss the results. Apollo, a global alternative asset manager, currently oversees approximately $515 billion in assets. The firm focuses on delivering high returns across various strategies, including yield, hybrid, and equity. Stakeholders interested in updates can subscribe via Apollo’s website.

Stonepeak has announced an agreement to acquire Intrado's Safety business, a leader in public emergency telecommunications, for $2.4 billion. This acquisition will enhance the critical 911 infrastructure that serves millions across the U.S. and Canada, directly connecting citizens with emergency services. With its established network servicing 3.1 million wireless sites and 13,600 PSAP seats, this deal aims to bolster public safety operations. The transaction is expected to close by Q1 2023, pending regulatory approvals.

Waud Capital Partners announced the successful sale of a controlling stake in GI Alliance, valuing the company at $2.2 billion. This transaction involved a physician-led buyout facilitated by funds managed by Apollo (NYSE: APO). GIA, which has grown from 2 to 14 states since its inception in 2018, is now primarily owned by its physician partners, led by CEO James Weber. The shift aims to continue GIA's commitment to high-quality patient care while enhancing its corporate infrastructure.

Intrado Corporation announced the release of its 2022 Benchmark Report for Webinars and Virtual Events, highlighting a significant rise in live attendance and engagement. The report indicates a 66% increase in live webinar attendance compared to previous years and notable trends such as the use of video in 77% of webinars. For virtual events, 78% are under 3 days, with an average of 20 speakers per event, a substantial increase from 6 in 2019. The findings emphasize the importance of agility and optimization in event planning.

Apollo (NYSE: APO) announced that Scott Kleinman, Co-President of Apollo Asset Management, will present at the Bank of America’s 27th Annual Financials CEO Conference on September 21, 2022, at 8:45 am BST in London.

The event will feature a live webcast available at Apollo's website, with a replay accessible after the conference.

Apollo manages approximately $515 billion in assets, focusing on innovative capital solutions and client financial security.

Declan Flanagan, the former CEO of Ørsted’s onshore business, has launched Bluestar Energy Capital, a global renewable energy investment platform with an initial capital of $100 million for greenfield projects. The company aims to empower local leadership in renewable energy while providing project development capital, with a focus on the US, Australia, and Europe. Key management hires include former executives from Ørsted and Lincoln Clean Energy. Bluestar's strategy emphasizes regional platforms and opportunistic acquisitions to drive growth in the energy transition.

Apollo (NYSE: APO) and GOL Linhas Aéreas completed a sale and leaseback deal involving a new Boeing 737 MAX 8 aircraft. This transaction, finalized on Sept. 8, 2022, enhances GOL's fleet efficiency and is part of its transition to modern, fuel-efficient aircraft. The 737 MAX 8 enables GOL to expand its nonstop service across Latin America, the Caribbean, and beyond while reducing fuel consumption and emissions. Approximately 50% of GOL's capacity is now generated by new technology aircraft, supporting its Fleet Transformation program.

Pegasus Merger Co., affiliated with Apollo Global Management, announced an extension of its cash tender offers and consent solicitations for Tenneco Inc.'s Senior Secured Notes due 2029. The expiration date has been extended from September 7, 2022, to September 27, 2022. Holders have until this new date to tender their notes. Currently, over 99% of the 5.125% notes and over 98% of the 7.875% notes have been tendered. The completion of the tender offer is contingent on ongoing merger activities.

Brightspeed has secured over $90 million in grants to expand its gig-speed fiber network to 38,000 locations across 29 counties in North Carolina. The funding is part of the state's GREAT grant initiative aimed at enhancing broadband access in underserved areas. Brightspeed, the top recipient in a competitive process with over 300 applicants, plans to build 800,000 fiber-enabled locations over time, significantly improving internet service and accessibility. The investments are aligned with their mission to bridge the digital divide.