Apollo Global Management LLC (APO) is in talks with merchant bankers to borrow enough cash to buy some or all of the jet-leasing unit from General Electric Co. (GE), according to a report late Friday. GE stock rose 3.4% in after-hours trading Friday. Apollo is looking for about $30 billion in debt to buy the jet-leasing business, Bloomberg News reported (https://www.bloomberg.com/news/articles/2019-01-04/apollo-considers-bid-for-ge-jet-leasing-business-ge-stock-rises), citing anonymous sources. GE stock closed up 2.1% in the regular session Friday, as the S&P 500 index rose 3.4%.
-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 04, 2019 16:38 ET (21:38 GMT)
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