- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
Second- and third-stringers eye 2016 if front-runner stumbles
Topic - Apollo Management
Apollo Management L.P. is a private equity investment firm, founded in 1990 by former Drexel Burnham Lambert banker, Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry consolidations. Apollo is headquartered in New York City, and also has offices in Purchase, New York, Los Angeles and London. The firm has invested over $16 billion in companies. - Source: Wikipedia
Good news for Twinkies lovers — the company that bought Hostess Brands Inc. expects to put the famed snack back on store shelves as early as this summer.
The indestructible Twinkie appears to be one step closer to a comeback.
Hostess is set to announce that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as its highest bidders for Twinkies and its other snack cakes. The offer, which could be disclosed as early as Tuesday, would reportedly be for more than $400 million.
Private equity firm Carlyle Group LP, Washington's premier investment bank, will start trading publicly on Thursday at what analysts are calling a discounted initial price of $22 a share, the company announced late Wednesday evening after the markets closed.
A person familiar with the deal says the sale of the Philadelphia 76ers has been approved by the NBA Board of Governors.