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Fly News Breaks for February 28, 2020
APO, TPC
Feb 28, 2020 | 16:07 EDT
DA Davidson analyst Brent Thielman reiterated a Buy rating and $18 price target on Tutor Perini (TPC) following a Reuters report that Apollo Global (APO) has approached the company with a takeover offer of "around" $17 per share. Thielman said that while he can't validate such rumors and is skeptical, if true, that Tutor's chairman and CEO would look to sell, he wouldn't rule out the possibility this could also include some sort of liquidity event in advance of the company's spring-forward provision embedded in its credit facility. The analyst added that addressing liquidity concerns should also be viewed positively.
News For TPC;APO From the Last 2 Days
APO
Oct 18, 2021 | 09:40 EDT
Unusual total active option classes on open include: ION Geophysical (IO), Adamis Pharmaceuticals (ADMP), Apollo Global (APO), Ziopharm (ZIOP), Adverum Biotechnologies (ADVM), FuelCell (FCEL), V F Corp (VFC), Desktop Metal (DM), Medtronic (MDT), and Futu Holdings (FUTU).
APO
Oct 18, 2021 | 08:33 EDT
Apollo Global Management announced that Roger Ferguson has been named Vice Chairman of Apollo. Ferguson will serve as a key advisor to the Firm and its senior leaders on strategic asset management and retirement services initiatives, while enhancing new deal origination and deepening relationships with investors, regulators, industry leaders and the broader financial services community. Ferguson most recently served as the President and CEO of TIAA, a provider of retirement services in the academic, research, medical and cultural fields.