Charles Zehren News
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Rexnord Corp. is ending the search for a buyer after bids for all or parts of the industrial-components maker failed to meet expectations, said people familiar with the matter.
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Leon Black’s Apollo Global Management LLC priced an increased 334 million-euro ($436 million) collateralized loan obligation for its first deal in Europe, according to three people with knowledge of the matter.
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Blackstone Group LP is moving ahead with the initial public offering of SeaWorld Entertainment Inc. as soon as this month after rejecting takeover bids for the theme-park operator, said a person familiar with the matter.
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Apollo Global Management LLC stands to make a fivefold return on its investment in payment processor Evertec Inc., adding to successful deals as it seeks to raise $12 billion for a new leveraged-buyout fund.
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John Malone’s Liberty Media Corp. is close to a deal to acquire 25 percent of Charter Communications Inc. from its private-equity investors, according to a person familiar with the situation.
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Raymond Mikulich resigned as head of North American real estate at Apollo Global Management LLC, according to a company spokesman.
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Leon Black’s Apollo Global Management LLC is said to be planning its first collateralized loan obligation in Europe amid investor demand for securities backed by high-yielding debt.
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Rexnord Corp.’s review of its strategic options will probably spur the separation of its two units, providing takeover bait for suitors including Watts Water Technologies Inc. and Honeywell International Inc.
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Traders who like indoor water parks aren’t taking Leon Black seriously.
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Hostess Brands Inc., the bankrupt maker of Wonder bread, said no competing bids were received for its snack-cake business including Twinkies, resulting in a proposed auction to be canceled.
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