Apollo Global Mgmt Inc - APO STOCK NEWS

Acropolis Infrastructure Acquisition Corp. announced plans for an initial public offering (IPO) of 30 million units at $10.00 each, with an option for underwriters to purchase an additional 4.5 million units. Each unit includes one share of Class A common stock and one-third of a warrant, with the whole warrant allowing purchase of a Class A share at $11.50. The units will be traded on the NYSE under the symbol ACRO.U, with Class A stock and warrants to be listed as ACRO and ACRO WS. The company aims to merge with businesses in infrastructure sectors across North America.

Apollo Global Management (NYSE: APO) announced it will release its Q2 2021 financial results on August 4, 2021, before NYSE trading begins. A conference call will be held at 8:30 a.m. ET that day, accessible at (833) 614-1406 (U.S.) or +1 (914) 987-7127 (international) with ID 2704008. A webcast will also be available to the public on their website. As of March 31, 2021, Apollo managed approximately $461 billion in assets, focusing on investment strategies across yield, hybrid, and opportunistic categories.

Cascades Inc. announced its agreement to sell its 57.6% stake in Reno De Medici for €1.45 per share, totaling approximately €315.3 million (~CAN$461 million). This price represents a 24% premium over RDM's 90-day share average. The transaction aims to enhance Cascades' core North American operations, supporting strategic modernization and shareholder returns. Set for Q3 2021 completion, the sale concludes Cascades' 35-year presence in Europe, with Apollo Global Management acquiring RDM to drive future growth. Rothschild & Co acted as financial advisor for Cascades.

Apollo Global Management (NYSE: APO) has announced the acquisition of a majority stake in Reno De Medici S.p.A. (RDM), a leader in recycled cartonboard production, for EUR 1.45 per share, marking a 24% premium over its 90-day average. The acquisition involves approximately 67% of RDM's equity, with a mandatory tender offer planned to de-list the company. RDM, which focuses on sustainable practices, operates nine mills across Europe and the US. The transaction is expected to close by Q3 2021 and is part of Apollo's Impact strategy to promote sustainability while driving financial performance.

Apollo Global Management has formed a strategic partnership with Motive Partners, acquiring a 24.9% minority stake in Motive’s management company. This collaboration aims to drive innovation and growth in financial technology, enhancing investment opportunities while working alongside Motive's expertise. The partnership positions Apollo to leverage a nearly $10 trillion market opportunity in financial technology over the coming decade. There will be no changes to the management or operations of Motive or its managed vehicles, including Motive Capital Corp (NYSE: MOTV).

Intrado Corporation announced its HouseCalls Pro platform received an 88.3/100 score in a KLAS report, ranking it among the top patient engagement solutions. Notably, 100% of customers would repurchase the solution, highlighting its effectiveness in reducing no-shows and improving patient communication. The score reflects a significant 13-point increase from the previous year, indicating strong product improvements. KLAS also noted that providers are optimistic about Intrado’s strategic direction in healthcare.

Intrado Corporation and Encore have announced a strategic partnership aimed at enhancing event experiences for both virtual and in-person audiences. This collaboration will combine Intrado's technology platform with Encore's event production capabilities, allowing clients to manage hybrid events more efficiently. With over 1.8 million events produced annually, the partnership aims to deliver consistent and engaging experiences worldwide. The initiative reflects the significant shift towards virtual events in the industry.

AWH Partners and Apollo Global Management (NYSE: APO) acquired the DoubleTree by Hilton Hotel in Anaheim, CA. The deal, finalized after nearly 12 months, included assuming existing debt. The 461-key property, located near major attractions, aims to attract business and leisure travelers. Management has transitioned to Spire Hospitality, which plans a comprehensive renovation to enhance the hotel’s appeal in a competitive market. Strategic positioning near the Anaheim Convention Center promises strong future performance.

ABC Technologies has finalized the sale of a majority stake to the Apollo Funds, an affiliate of Apollo Global Management, for CAD$10.00 per share, totaling approximately 27.7 million shares, representing 51% of the company. The transaction leads to new board reconstitutions, with Apollo nominating five out of nine members. CEO Todd Sheppelman highlights the transaction as a significant milestone for growth within the automotive technical plastics sector, while Apollo expresses enthusiasm about future collaborations. Public shareholders retain about 20.9% of shares post-transaction.