News & Events zu Apollo Global Management, Inc. (APO)APOApollo Global Management, Inc.

Apollo Management Enters Transaction with Ares Capital

In connection with the Transaction, Apollo Principal Holdings A, L.P. and MidCap Financial Trust (MFIC), each an affiliate of Apollo Management (APO) and which together beneficially own 5.2% of MFIC's outstanding common stock, have entered into voting and support agreements with Ares Capital (ARCC). As part of the Transaction, Ares Capital may issue up to approximately 41 million shares of common stock to MFIC stockholders; however, it is expected that the total number of shares will be lower due to an adjustment in the exchange ratio for the MFIC special dividend. Following completion of the Transaction, and without taking into account the impact of the MFIC special dividend, existing Ares Capital stockholders are expected to own approximately 95% and existing MFIC stockholders are expected to own approximately 5% of the combined company.

Major Averages Rise as Investors Prepare for Earnings Week

The major averages were broadly higher as investors prepare for an important week of earnings, the Federal Reserve's interest-rate decision and fresh inflation data. Markets are attempting to stabilize after the S&P 500 and Nasdaq Composite posted a second consecutive weekly decline, with investors weighing whether heavy artificial intelligence spending will translate into stronger earnings and cash flow.  Investors are preparing for quarterly reports from major technology companies, including Amazon, Alphabet, Microsoft and Intel, alongside other prominent names that include Visa, Coca-Cola, Boeing, Eli Lilly and Exxon Mobil.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropichas publicly filed for an IPO on Nasdaq under the stock ticker "ANT"Metaannounced a $35B equity offering and plans for a $60B at-the-market program upon the commencement of trading of its recently announced Class C sharesSpaceXreported a $40B GPU equipment lease agreement with Apollo GlobalApolloannounced a strategic investment in Mubadala CapitalEQT Corporationagreed to acquire Range Resourcesin an all-stock transaction2. WALL STREET CALLS:Barclays upgraded Teslato Overweight, citing a merger opportunity with SpaceX, stronger core business outlook, and signs of Robotaxi inflectionBlockdowngraded to Equal Weight at Morgan StanleyNew Street upgraded Intelas CPU scarcity strengthens turnaroundAdvance Auto Partsdowngraded to Sell at Rothschild & Co Redburn and reinstated with an Underperform at BofAMorgan Stanley upgraded Lockheed Martinafter the company's F-35 production agreement3. AROUND THE WEB:Analysts expect companies in the S&P 500 to report profit growth of 30% in Q3 earnings compared to last year, yet Nvidiaand Micronare expected to account for 34% of that growth, WSJ saysSkydanceis offering voluntary buyouts to employees, Washington Post reportsAppletold Bloomberg it is aware of a cracked screen issue with a "small number" of iPhone DuosAppletweaked macOS for its OLED touch MacBook Pro, due Wednesday, with a dynamic interface that adapts to whether touch or the trackpad was last used, Bloomberg reportsAnthropic'sClaude accessed Georgia voter data without human authorization, Axios says4. MOVERS:Surgery Partnersgained after Healthspan announced it will acquire the company for $23.50 per share in cashXtendincreased after reporting preliminary 9M revenue and appointing Matt McGraw as its U.S. CEOInstacartwas higher after the Wall Street Journal reported that DoorDashis in advanced talks to acquire the companyPagSeguroand Nu Holdingswas lower in New York after President Luiz Inacio Lula da Silva won Brazil's presidential runoffArcos Doradosfell in New York after BofA downgraded the stock to Neutral5. EARNINGS/GUIDANCE:Verizonreported Q3 results and raised its outlook for FY26, with CEO Dan Schulman calling it "another record-breaking quarter"Easterly Government Propertiesreported Q3 results, raised its outlook for FY26, and provided its guidance for FY27Bank of Hawaiireported Q3 results, with EPS missing consensusHBT Financialreported Q3 results, with EPS and revenue beating consensusAlliance Resource Partnersreported Q3 results, with CEO Joseph Craft III noting it was "an outstanding third quarter"INDEXES:The Dow rose 146.42, or 0.28%, to 52,361.58, the Nasdaq gained 214.04, or 0.82%, to 26,169.38, and the S&P 500 advanced 53.09, or 0.70%, to 7,676.77.

Universal Music Group in Talks with Wall Street Firms for Going Private

Universal Music Group (UMNGF) has had talks about going private with a number of prominent Wall Street firms, Bloomberg's Lucas Shaw and Michelle Davis report, citing people familiar with the matter. The record company's management held preliminary discussions with private equity firms including Apollo Global (APO) and Blackstone (BX) earlier this year, the authors say, noting that the talks haven't progressed nor has Universal formally initiated a sales process. Universal's board is aware of the discussions, the authors note.