Apollo Global Management (APO) said Monday that it has agreed to invest $1.5 billion into Keppel Offshore Fund, a portfolio of offshore energy assets managed by Singapore-based global asset manager Keppel.
The transaction is subject to customary closing conditions, which include receipt of applicable regulatory approvals, Apollo said.
Shares of Apollo were up more than 1% in recent Monday trading.
Price: $124.54, Change: $+1.93, Percent Change: +1.57%
Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) down but still holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 1.1% in the past 24 hours. The Nasdaq 100 lost 1.2%, the S&P 500 declined 0.1%, and the Dow Jones Industrial Average was up 0.4%.Bitcoin fell 0.9% to $64,146, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 11.3% to $26.39 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 0.5% to $1,861.XRP (XRP-USD) lost 1.3%, BNB (BNB-USD) fell 0.2%, and Solana (SOL-USD) declined 2.1%. Dogecoin (DOGE-USD) rose 0.2%, and Cardano (ADA-USD) decreased 3.2%.The US 10-year Treasury yield stood at 5.184% at 3 p.m. ET Friday, down from 5.204% Thursday, while the five-year yield fell to 4.424% from 4.457%.The total market value of the cryptocurrency industry fell 0.9% in the past 24 hours to $2.19 trillion, with trading volume gaining 6.2% to $62.77 billion.Price: $64135.20, Change: $-912.67, Percent Change: -1.40%
Rexford Industrial Realty's (REXR) shares were up 7.7% in Friday trading after the company late Thursday reported Q2 core funds from operations and revenue that exceeded market expectations.The company reported Q2 core funds from operations of $0.63 per diluted share, up from $0.59 a year earlier.Analysts polled by FactSet expected $0.60.Total revenue for the quarter ended June 30 fell to $245.5 million from $249.5 million a year earlier.Analysts expected $240.2 million.The company now expects its full-year core FFO per share to be $2.38 to $2.43, compared with the previous guidance of $2.37 to $2.42. Analysts expect $2.41.Price: $38.75, Change: $+2.77, Percent Change: +7.68%
(Updates with the company's latest stock move in the headline and in the first paragraph.)Safety Insurance (SAFT) shares were up 41.6% in Friday trading after the company said late Thursday it entered an agreement to be acquired by an affiliate of Mapfre in a $1.54 billion all-cash deal.Safety stockholders will receive $105 for each share of the company they own, it said.The deal is expected to be completed in Q1 2027, subject to closing conditions and regulatory approvals, the company said.Price: $103.27, Change: $+30.33, Percent Change: +41.58%