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Wednesday, December 31, 2014

Market Chatter- Corporate finance press digest, (NYSE: APO)

The following corporate finance-related stories were reported by media: * Private equity firm Apollo Global Management LLC is considering making a bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo SA (BES), Bloomberg reported, citing people familiar with the matter.* Italy's Benetton family is ready to halve its 50 percent stake in World Duty Free to make the travel retailer more attractive to a potential partner in the industry, two sources close to the matter said.

Apollo Global Management, LLC (Apollo) is an investment manager. Shares of APO traded higher by 0.94% or $0.22/share to $23.64. In the past year, the shares have traded as low as $20.02 and as high as $36.51. On average, 1277930 shares of APO exchange hands on a given day and today's volume is recorded at 818089.