Apollo Global Management, Inc. Buyback
OLI recorded this information on 3/12/2020
Apollo Global Management, Inc.
Apollo Global Management, Inc. (NYSE: APO) (the "Company," and together with its consolidated subsidiaries, "Apollo") today announced that the executive committee of its board of directors has approved a new share repurchase authorization that allows the Company to repurchase up to $500 million of its Class A common stock. This new authorization, which is effective immediately, increases Apollo's capacity to repurchase shares from $80 million of unused capacity under the Company's previously approved plan.
Apollo Global Management is an alternative investment manager. Co.'s Credit segment primarily invests in non-control corporate and structured debt instruments including performing, stressed and distressed investments across the capital structure. Co.'s Private Equity segment primarily invests in control equity and related debt instruments, convertible securities and distressed debt investments. Co.'s Real Assets segment primarily invests in, among others: real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies; and real estate and infrastructure debt.
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Buy (2.85 out of 4)