Apollo Global (APO) is considering taking a substantial stake in a bid by Seven & i’s (SVNDF) founding family to take the store operator private, Hideki Suzuki and Taro Fuse of Bloomberg reports, citing people familiar with the matter. Apollo is discussing a commitment as much as Y1.5 trillion, or $9.5B, for an equity stake in the plan, Bloomberg’s sources added. Under the current proposal, Apollo would join the Ito family, Seven & i’s founding family, and Itochu as key investors.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APO:
- Barnes Group shareholders approve transaction with Apollo funds
- Apollo Global price target raised to $190 from $175 at Deutsche Bank
- GFL Environmental to sell majority of Environmental Services business for $6.2B
- Apollo Global price target lowered to $193 from $196 at Wolfe Research
- Apollo Global Management Reports Preliminary Q4 2024 Estimates