- GOP hopes taking shutdown off the table with budget deal will pay dividends
- Chinese Death Star: The moon cited as the perfect launch pad for ballistic missiles
- Help wanted: Homeland Security plagued by vacancies at the top
- We are not amused: Queen’s protection officers warned to keep ‘sticky fingers’ off the royal cashews
- Unleash the crossbows: Gov. Scott Walker creates new hunting season
- Bubonic plague kills 20 in Madagascar
- G-20 diplomats fell for hacker attack promising nude photos of former French first lady Carla Bruni
- Minnesota guardsman charged with stealing private soldier data for fake IDs
- Florida appeals court rules universities can’t regulate guns
- Vladimir Putin defends Russian conservative values
By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
Independent voices from the The Washington Times Communities
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.
Hostess is moving ahead with plans to sell its Twinkies and other snack cakes after nobody stepped forward to top an offer made by two investment firms.
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.
The indestructible Twinkie appears to be one step closer to a comeback.
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.
Water-park owner Great Wolf Resorts Inc. said Sunday that a private investment firm has sweetened its offer to acquire the company.
In the end, the scene looked straight out of an ultimate Broadway encore. One and two owners on the stage turned into seven, eight, nine, all single file and holding enough personalized 76ers jerseys to fill a few racks at the merchandise store.
A person familiar with the deal says the sale of the Philadelphia 76ers has been approved by the NBA Board of Governors.
The Carlyle Group, the Washington area's most prominent investment bank, turned heads on Tuesday when it confirmed plans to move ahead with its first public sale of stock, an initial offering that could be worth $1 billion or more.
The Philadelphia 76ers have been sold to New York-based leveraged buyout specialist Joshua Harris, ending Comcast-Spectacor's 15-year run of ownership that included a trip to the NBA finals.
The Philadelphia 76ers are on the market and a person familiar with the deal says the franchise once home to Wilt Chamberlain, Charles Barkley and Allen Iverson could be sold within the week.