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Apollo and Toto May Make Offer for Atlantia Highway Unit, Papers Say


Apollo and Toto May Make Offer for Atlantia Highway Unit, Papers Say
Bloomberg
2 hrs ago
Vernon Silver
(Bloomberg) Apollo Global Management Inc. and Toto Holding SpA may offer to buy control of Atlantia SpA’s Italian toll-road unit, La Stampa and other Italian newspapers reported Sunday.
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The U.S. investment firm and Italy’s Toto want to jump back into the running for control of Autostrade per l’Italia SpA following the move Friday by Spanish construction company Actividades de Construccion y Servicios SA to reaffirm its own interest in buying the unit, La Repubblica said, citing “financial sources.” ....

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ACS Throws Hat Into Ring For €10B Italian Toll Operator

ACS Throws Hat Into Ring For €10B Italian Toll Operator
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

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U.S. Stock Futures, Bonds Steady; Hang Seng Slumps: Markets Wrap


Stocks Rally as Powell Soothes Traders’ Nerves: Markets Wrap
Bloomberg
2/24/2021
Lu Wang and Kamaron Leach
(Bloomberg) U.S. equities reversed losses and staged a rally as Federal Reserve Chairman Jerome Powell reaffirmed his view that the economy needs support. Government bond yields climbed along with oil prices.
Energy and industrial companies led gains in the S&P 500 Index, offsetting weakness for tech stocks. Banks advanced, sending an industry gauge to its highest since 2007, and small caps rallied more than 2% after U.S. regulators said Johnson & Johnson’s Covid-19 vaccine is safe and effective. Tesla Inc. gained after Ark Investment Management’s Cathie Wood said she bought shares during this week’s selloff. U.S. 10-year yields touched 1.43%, the highest since February 2020, before paring the increase. ....

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