Questor: Hold on to embattled pop music investment fund as bid battle hots up [Yahoo! Finance]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Yahoo! Finance
The specialist investment company, which holds the rights to the Eurythmics hit along with 65,000 other songs, has soared 42pc, or 31p, to 101p in the past week after its board received two offers for the dollar-based portfolio. For a fund named after the design company responsible for iconic album covers from 1970s rock giants Pink Floyd and Led Zeppelin , among others, this looks a much better picture. Shares that peaked at 129p in late 2021 and plunged to 58p in early March have rallied 71pc since then. Speculation of a bid had mounted as Hipgnosis assessed its options following a shareholder revolt last October when investors voted against the fund's continuation. Last Thursday, Concord, a music rights group based in Nashville, Tennessee, announced it had the board's recommendation to buy the company for $1.4bn (£1.1bn) in cash, or $1.16 (94p) per share. Backed with finance from Apollo Global Management in New York, Concord agreed to pay 4.3pc more than the value of Hipgn
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APO
News
- Apollo Global Management, Inc. (NYSE:APO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Apollo Global Management (APO) Announces 7.6% Dividend Hike [Yahoo! Finance]Yahoo! Finance
- Paramount dips again as odds grow that it proceeds with no merger [Seeking Alpha]Seeking Alpha
- Paramount, Skydance Exclusive Talks Window Likely to Close Without a Deal, So What Happens Next? [Yahoo! Finance]Yahoo! Finance
- Apollo Global Management, Inc. (NYSE: APO) had its price target raised by analysts at Evercore ISI from $120.00 to $128.00. They now have an "outperform" rating on the stock.MarketBeat
APO
Earnings
- 5/2/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website