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Tuesday, March 5, 2013

Deals of the day -- mergers and acquisitions, (NYSE: APO)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:** RWE, Germany's second-biggest utility, has put its oil and gas exploration unit up for sale in a move that could raise close to 5 billion euros ($6.5 billion) for its drive to cut debt.** The McGraw-Hill Cos Inc said the $2.5 billion sale of its textbook business to private equity firm Apollo Global Management LLC is now an all-cash deal. The company will receive $150 million in cash at closing instead of being issued $250 million of unsecured notes.

Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO remained unchanged at $23.70. In the past year, the shares have traded as low as $10.42 and as high as $23.98. On average, 564852 shares of APO exchange hands on a given day and today's volume is recorded at 0.