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Apollo to Acquire Retailer Michaels for $3.3 Billion in Cash

(Bloomberg) Michaels Cos., the U.S. crafting and hobby retail chain, has agreed to a sale to Apollo Global Management at an equity value of about $3.3 billion.Apollo will pay $22 a share to Michaels shareholders, representing a 22% premium from Tuesday’s close. The Michaels board has unanimously approved the deal, according to a statement Wednesday.Although the offer was unsolicited, Michaels Chairman James Quella said it made sense. The company’s management “firmly believes Apollo’s offer represents a compelling value to our shareholders.”Apollo’s interest in Michaels comes on the heels of the company’s best annual stock performance since its latest initial public offering in 2014. Shares rose 61% last year, fueled by all the crafting items and home decor purchased by families stuck at home during the pandemic. That marked a major turnaround from prior years, when the growth of Amazon.com Inc. and flagging sales had forced the chain t ....

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Apollo Endosurgery, Inc.: Apollo Endosurgery to Present at HC Wainwright Global Life Sciences Conference

AUSTIN, TX / ACCESSWIRE / March 3, 2021 / Apollo Endosurgery, Inc. ("Apollo") (NASDAQ:APEN), a global leader in less invasive medical devices for gastrointestinal and bariatric procedures, today announced ....

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ソフトバンクＧ出資のグリーンシル、事業の大部分について売却交渉

ソフトバンクＧ出資のグリーンシル、事業の大部分について売却交渉
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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We will launch our European brand Vredestein here soon: Apollo Tyres' Onkar Kanwar

We will launch our European brand Vredestein here soon: Apollo Tyres’ Onkar Kanwar
March 02, 2021
Apollo Tyres Chairman Onkar S Kanwar - PTI×
Will invest more than ₹1,600 crore in AP plant, maintenance activities
Like any other company worldwide, Apollo Tyres was also impacted during the lockdown. But it took some early calls of bifurcating its expenses into ‘good costs’ and ‘bad costs’. Over the last few months, the company registered highest-ever sales and now plans to invest more than ₹1,600 crore in its greenfield plant in Andhra Pradesh and maintenance activities. In an interview with
BusinessLine, Onkar Kanwar, Chairman, Apollo Tyres, said the company is also looking at launching its European brand, Vredestein, in Indiasoon. Excerpts: ....

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Apollo Announces Impact Advisory Committee

Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced the creation of an Impact ....

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