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Apollo Global Management Inc - APO STOCK NEWS

Welcome to our dedicated news page for Apollo Global Management (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Apollo Global Management's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Apollo Global Management's position in the market.

News
Apollo to Present at Barclays Financial Services Conference
Rhea-AI Summary
Apollo's CFO, Martin Kelly, will participate in a fireside chat at the Barclays Financial Services Conference on September 12, 2023 at 9:45 am ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
conferences
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News
Phoenix and Apollo Launch Global Origination Partnership
Rhea-AI Summary
Phoenix Holdings and Apollo announce partnership for deployment and co-investment of assets
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
Tags
partnership
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News
Apollo Names David Moffatt as Chair of Australia and New Zealand Amid Continued Expansion in the Region
Rhea-AI Summary
Apollo appoints David Moffatt as Chair of operations in Australia and New Zealand
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
none
News
Apollo Funds Acquire Composite Advanced Technologies, Inc, a Leading Manufacturer of Transportation and Storage Solutions for Hydrogen and Compressed Natural Gas
Rhea-AI Summary
Apollo acquires majority interest in CATEC, a leading provider of compressed gas solutions. Apollo intends to invest further capital to establish a leading gaseous equipment manufacturing and services platform. CATEC's products support the energy transition and help reduce carbon emissions. Apollo's commitment to clean energy and sustainability is evident in their significant investments in the energy transition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
acquisition
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News
Total Operations and Production Services (TOPS) Announces Upsized Credit Facility
Rhea-AI Summary
TOPS expands credit facility by 77% to $565 million, adding two new lenders. CEO cites continued growth and ability to serve blue-chip customers. CFO highlights support for low emission, electric compression solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
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none
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News
Arconic Completes Transaction with Apollo Funds
Rhea-AI Summary
Arconic completes acquisition by Apollo Funds, shareholders receive $30.00 per share in cash. Arconic to continue operations under current name and brand. Positive outlook for continued momentum and success in the aluminum fabrication sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
none
News
Apollo Prices Offering of Fixed-Rate Resettable Junior Subordinated Notes
Rhea-AI Summary
Apollo Global Management, Inc. has priced an offering of $600 million aggregate principal amount of its 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053. The notes will be fully guaranteed by Apollo Asset Management, Inc. The offering is expected to close on August 23, 2023. The net proceeds from the offering will be approximately $586.3 million, which will be used to redeem AAM's outstanding shares of 6.375% Series A Preferred Stock and 6.375% Series B Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
none
-
News
Apollo to Offer Fixed-Rate Resettable Junior Subordinated Notes
Rhea-AI Summary
Apollo Global Management, Inc. has announced an offering of its Fixed-Rate Resettable Junior Subordinated Notes. The notes will be guaranteed by various subsidiaries of Apollo. The proceeds from the offering will be used to redeem AAM's outstanding shares of preferred stock. Morgan Stanley, BofA Securities, UBS Securities, and Wells Fargo Securities are acting as joint book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
none
-
News
BDO USA Stewards Transformative Next Chapter With ESOP
Rhea-AI Summary
BDO USA, a leading accounting and advisory firm, plans to establish an Employee Stock Ownership Plan (ESOP). This would make BDO the first large public accounting firm to implement an ESOP. With over 10,000 participating employees, BDO's ESOP would be among the largest in the country. The ESOP aims to provide employees with the benefit of ownership and contribute to the firm's long-term sustainability. The ESOP will require no out-of-pocket contribution from employees and will help them plan for their future financial well-being. The transaction is expected to become effective on August 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
none
News
Apollo Upsizes and Prices Offering of Mandatory Convertible Preferred Stock
Rhea-AI Summary
Apollo Global Management, Inc. (NYSE: APO) has priced an offering of $1,250.0 million (25,000,000 shares) of its 6.75% Series A Mandatory Convertible Preferred Stock. The offering was upsized from the previously announced size of $1,000.0 million (20,000,000 shares). The underwriters have a 30-day option to purchase up to an additional $187.5 million (3,750,000 shares) of Mandatory Convertible Preferred Stock. The net proceeds from the offering will be approximately $1,219 million (or approximately $1,402 million if the underwriters exercise their option to purchase additional shares in full). Apollo intends to use the net proceeds to accelerate its Retirement Services growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
none
Stock APO logo
Apollo Global Management Inc

NYSE:APO

APO Rankings

#196 Ranked by Market Cap
#453 Ranked by Stock Gains
#1597 Ranked by Dividends

APO Stock Data

61.26B
444.50M
27.31%
60.21%
2.88%
Investment Advice
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United States
New York

About APO

apollo global management, llc and its subsidiaries ("apollo") is a leading global alternative investment manager. we are contrarian, value-oriented investors in private equity, credit and real estate, with significant distressed expertise. we operate our businesses in an integrated manner which we believe distinguishes us from other alternative investment managers. we have applied this investment philosophy over our 25-year history, deploying capital across the balance sheet of industry leading businesses, and seeking to create value for our investors throughout economic cycles.