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Office Supplies M&A image Office Supplies M&A » By The Online Investor Staff, updated Sun., Mar. 24, 10:00 PM Recent mergers and acquisitions in the Office Supplies M&A category.

Slide #2. Apollo Global Management Management Services Business from Pitney Bowes

Acquirer: Apollo Global Management (APO)
Acquiree: Management Services Business from Pitney Bowes (PBI)
Details: Funds affiliated with Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") and Pitney Bowes Inc. (NYSE:PBI) today announced a definitive agreement under which Apollo will acquire Pitney Bowes Management Services ("PBMS" ) for approximately $400 million in cash. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2013. Until then, Pitney Bowes will continue to operate PBMS.

Apollo Global Management is an alternative investment manager. Co.'s primary business is to raise, invest and manage private equity, credit and real estate funds as well as strategic investment accounts. Co. has three business segments: Private Equity, which invests in control equity and related debt instruments, convertible securities and distressed debt investments; Credit, which invests in non-control corporate and structured debt instruments including performing, stressed and distressed investments; and Real Assets, which invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt.

APO SEC Filing Email Alerts Service

Preferreds: APO.PRA, APO.PRB



Open the APO Page at The Online Investor »

Apollo Global Management is an alternative investment manager. Co.'s primary business is to raise, invest and manage private equity, credit and real estate funds as well as strategic investment accounts. Co. has three business segments: Private Equity, which invests in control equity and related debt instruments, convertible securities and distressed debt investments; Credit, which invests in non-control corporate and structured debt instruments including performing, stressed and distressed investments; and Real Assets, which invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt.

APO SEC Filing Email Alerts Service

Preferreds: APO.PRA, APO.PRB



Open the PBI Page at The Online Investor »

Company Name: 
Apollo Global Management LLC
Website: 
www.apolloic.com
Sector: 
Investment Brokerages
Number of ETFs Holding APO: 
1
Total Market Value Held by ETFs: 
$6.31M
Total Market Capitalization: 
$5.83B
% of Market Cap. Held by ETFs: 
0.11%
Company Name: 
Pitney Bowes Inc
Stock buyback: 
PBI buyback
Website: 
www.pb.com
Sector: 
Office Supplies
Number of ETFs Holding PBI: 
35
Total Market Value Held by ETFs: 
$131.44M
Total Market Capitalization: 
$1.25B
% of Market Cap. Held by ETFs: 
10.55%
 

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