Why Omega Advisors establishes position in Time Warner Cable
Comcast (CMCSA) agreed to buy TWC in February for ~$45.2 billion in a deal that would create the largest cable provider in the U.S., with more than 33 million subscribers.
Could the Apollo-ADT Transaction Get Competitive?
The $42 purchase price was a high premium of over 50% to where ADT (ADT) was trading on February 12, 2016, the Friday before the deal was announced.
Could the Samsonite-Tumi Merger Get Competitive?
The $42 purchase price was a high premium of over 33% to where Tumi (TUMI) was trading on March 2, 2016—the day before the deal was announced.
Prime Security Services Issued the Most Junk Bonds Last Week
Prime Security Services is a subsidiary of Apollo Global Management (APO). It issued junk bonds worth $3.14 billion on April 20.
ADT and Google Partner in Home Security Venture
Must-know: Omega Advisors increases its position in Ocwen Financial
Omega’s 13F filing revealed that it increased its stake in Ocwen Financial. The position currently accounts for 1.27%, up from 0.12% of the fund’s first quarter of 2014 (or 1Q14) portfolio. Ocwen Financial is a financial services holding company that, through its subsidiaries, is one of the largest mortgage companies in the U.S.
What to Expect from Apollo’s Private Equity Segment
Apollo Global Management’s (APO) Private Equity segment ended the first quarter with total AUM (assets under management) of $69 billion.
ADT, FCX Saved the Day for SHRAX in 1Q16
SHRAX fell 2.7% in 1Q16 and 9.7% for the one-year period ended March 2016, placing it firmly at the bottom of the funds under review.
Will Arbs Impact the Samsonite-Tumi Deal?
There’s the possibility of a bidding war. Arbs will probably have a small position in case there’s a bidding war. They will scale in if the spread widens.
What’s the Rationale for the Samsonite-Tumi Transaction?
Hong Kong-based Samsonite is buying luxury brand Tumi (TUMI) in a $1.8 billion deal. Samsonite is mainly known as a utilitarian luggage company.
Big Deal: Samsonite Buys Tumi in a $1.8 Billion Deal
On March 3, Samsonite and Tumi announced that Samsonite will buy Tumi in a $1.8 billion deal. The deal will be a cash transaction set at $26.75 per share.
MAE Clause: How Could Apollo Exit the ADT Merger?
In the case of the ADT-Apollo merger, the MAE clause lays out the circumstances where Apollo (APO) can back out of its merger with ADT (ADT).
What Does the Apollo-ADT Deal Mean for Investors?
In a different financial environment, the ADT (ADT) and Apollo (APO) deal would probably be considered a lower risk transaction.
ADT-Apollo Merger: What Investors Should Know about ADT
ADT (ADT) is a leading provider of monitored security, interactive home and business automation, and related monitoring services in the US and Canada.
What Is the Downside Risk of the ADT Deal?
ADT (ADT) was trading at about $27 per share before its deal with Apollo (APO) was announced.
Can the Apollo-ADT Transaction Get Antitrust Approval?
In the case of the ADT (ADT) and Apollo (APO) merger, several conditions must be met before the transaction can close.
What Are the Conditions of the Apollo-ADT Transaction?
Apollo (APO) is buying ADT (ADT) in a cash deal worth $42 a share. The equity value is $6.9 billion, or $11.3 billion if you include debt.
What Is the Rationale behind the Apollo-ADT Merger?
Apollo (APO) owns Protection 1, which is a competing home security company with ADT (ADT).
What Is the Value of the Apollo-ADT Deal?
On February 16, 2016, Apollo (APO) and ADT (ADT) announced that Apollo will buy ADT in a $6.9 billion deal.
Must-know: Omega Advisors exits a position in Dollar General
Omega Advisors disposed a position in Dollar General in the second quarter of 2014 (or 2Q14) that accounted for 1.23% of the fund’s 1Q14 portfolio. In June, we reported that the position was initiated in 1Q14.
Why Omega Advisors initiates new position in ADT
Omega’s 13F filing revealed that it initiated a 1.07% position in ADT Corp. (ADT) in 1Q14.