Saturday, 30 August 2014
Last updated 1 day ago
Dec 21 2006 | 10:22am ET
Apollo Management has entered into a definitive agreement to acquire real estate franchiser Realogy Corporation in a transaction valued at approximately $9 billion. The deal includes the assumption or repayment of approximately $1.6 billion of debt and other liabilities of approximately $750 million.
Under the terms of the agreement, Realogy stockholders will receive $30 per share in cash at closing. In addition, the total transaction value represents a multiple of approximately 11 times the mid-point of the Realogy's previously released 2006 EBITDA guidance before restructuring and spin-off-related costs, and approximately 12 times the consensus Wall Street estimate of 2007 Realogy EBITDA, accroding to the company.
Realogy may solicit alternative proposals from third parties until Feb. 14.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...