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GE aircraft-leasing sale would be $40 bln moonshotBuyout firm Apollo may bid for the best bit of GE’s finance arm, testing CEO Larry Culp’s commitment to decluttering the U.S. conglomerate. Unless he can get a knockout price, though, selling a crown jewel could leave Culp looking like he’s out of options.
Source: Breakingviews - 🏆 470. / 51 Read more »
GE shares jump after report says Apollo is considering a bid for its huge jet-leasing businessShares of GE rose nearly 4% in after-hours trading on Friday following a report Apollo was considering making a bid for its jet-leasing business.
Source: BusinessInsider - 🏆 729. / 51 Read more »
PetSmart shows lenders need more bite than barkApollo Global helped finance the private-equity-owned company, only to see it transfer part of a key subsidiary to owner BC Partners as a dividend. Now Apollo is suing to get the assets back on leash. Lenders would do better to insist on much tighter covenants from the get-go.
Source: Breakingviews - 🏆 470. / 51 Read more »
Nvidia, Boeing and GE are all good buys for different reasons: Wall Street's 'dean of valuation'Nvidia, Boeing and GE are all good buys for different reasons, Wall Street's 'dean of valuation' says
Source: CNBC - 🏆 12. / 72 Read more »