What's Going On With Apollo Global Shares Today?
Portfolio Pulse from Lekha Gupta
Apollo Global Management (NYSE:APO) shares are trading higher after announcing a definitive agreement to acquire The Travel Corporation (TTC). The transaction includes 18 leading travel brands and is expected to close in Q4 2024, subject to regulatory approvals. Apollo's aviation lending platform also recently closed its first aircraft loan asset-backed securitization. Investors can gain exposure to Apollo via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).
July 16, 2024 | 3:40 pm
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POSITIVE IMPACT
Apollo Global Management shares are trading higher following the announcement of a definitive agreement to acquire The Travel Corporation, which includes 18 leading travel brands. The transaction is expected to close in Q4 2024, subject to regulatory approvals.
The acquisition of TTC is a significant move for Apollo, expanding its portfolio with 18 leading travel brands. This strategic acquisition is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) may see positive movement as it provides exposure to Apollo Global Management, which is trading higher after announcing the acquisition of The Travel Corporation.
LBO ETF includes exposure to Apollo Global Management, which is experiencing a positive stock price movement due to the acquisition news. This could lead to a short-term positive impact on LBO's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
WBI BullBear Quality 3000 ETF (NYSE:WBIL) may experience a positive impact as it includes exposure to Apollo Global Management, which is trading higher after announcing the acquisition of The Travel Corporation.
WBIL ETF includes exposure to Apollo Global Management, which is seeing a positive stock price movement due to the acquisition news. This could result in a short-term positive impact on WBIL's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50