Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo Global Management (NYSE: APO) announces $255 million equity investments in JSW Cement Ltd. and Global Schools Group to support their growth strategies. The $100 million investment in JSW Cement aims to expand its presence in India, while the $155 million in GSG will help enhance its campus network. These investments are part of Apollo's Hybrid Value strategy, which has committed over $7 billion in the last 18 months. Apollo leverages its extensive market relationships to provide non-control equity and debt capital solutions tailored to business needs.

Hilton Grand Vacations (NYSE:HGV) has completed its acquisition of Diamond Resorts International from Apollo Global Management (NYSE:APO) and others, valued at approximately $1.4 billion. This deal positions HGV as the largest upper upscale and luxury timeshare operator in the industry. With more than 380,000 new owners added, the combined 154 resorts are expected to enhance long-term shareholder value. HGV anticipates generating over $125 million in cost synergies within two years, diversifying its offerings and expanding its market presence.

Apollo Global Management (NYSE: APO) has committed $200 million in preferred equity to FirstDigital Telecom, a key fiber-based carrier in the western U.S. This investment supports FirstDigital's acquisition of Veracity Networks, establishing it as Utah's largest fiber operator. The funds will enhance FirstDigital's capacity for long-term growth and operational flexibility, providing critical services in a competitive telecommunications sector. This strategic backing aligns with Apollo’s extensive experience in infrastructure investments, reinforcing FirstDigital's market position.

Hilton Grand Vacations Inc. (NYSE:HGV) announced that 95.6% of shareholders approved the issuance of approximately 34.5 million shares in connection with the acquisition of Diamond Resorts International, Inc. The transaction, valued at around $1.4 billion, is expected to close on August 2, 2021, pending customary conditions. This merger aims to establish the largest luxury timeshare operator, combining 710,000 owners and 154 properties. CEO Mark Wang emphasized that the acquisition will accelerate growth and enhance opportunities for team members, owners, and guests.

Newport Merger Sub, affiliated with Apollo Global Management, has initiated a consent solicitation from holders of The New Home Company’s 7.250% Senior Notes due 2025. This is related to a merger agreement for acquiring The New Home Company. The proposed amendments would eliminate the need for a 'Change of Control Offer' due to the merger. Holders consenting by August 3, 2021, can receive a consent fee of $2.50 per $1,000 of Notes. If majority consent isn't met, the offer will be terminated, calling for a standard 'Change of Control Offer'.

Apollo Global Management (NYSE: APO) has announced its 2021 Annual Meeting of Stockholders to be held virtually on October 1, 2021, at 9:30 a.m. EDT due to COVID-19 concerns. The record date for stockholders is set for August 5, 2021, with proxy materials being mailed around August 16, 2021. Apollo, a leading alternative asset manager with approximately $461 billion in assets under management as of March 31, 2021, focuses on investment strategies aimed at generating excess returns across various risk profiles.

The New Home Company (NYSE: NWHM) has entered a definitive merger agreement with Apollo Funds, managed by Apollo Global Management (NYSE: APO), for an all-cash acquisition at $9.00 per share, valuing NWHM at approximately $338 million. This price represents an 85% premium over the stock’s closing price on July 22, 2021. The deal, unanimously approved by NWHM's Board, aims to enhance operational and financial flexibility and capture growth in the housing market. The transaction is expected to close in the second half of the fiscal year, with NWHM becoming a privately held company post-acquisition.

Intrado Corporation and ADT have partnered to enhance emergency response capabilities by delivering human-verified data to 911 centers using Intrado's Emergency Data Broker™. This collaboration allows ADT to send critical information seamlessly when alarms are triggered, optimizing the response process for public safety. This feature is available at no cost to any text-to-911-capable public safety answering point in the U.S., requiring no additional updates or changes. The initiative supports the Next Generation 911 ecosystem, improving situational awareness and emergency response outcomes.