Apollo to Bid for 99-Cent Only Stores -- NY Post

Private equity firm Apollo Global Management APO is getting ready to buy discount chain 99-Cent Only Stores NDN, according to sources speaking to the New York Post. The Schiffer-Gold family, owners of one-third of the shares, has indicated it is willing to team up with the highest bidder to take the company private. The Schiffer-Gold's had partnered with Leonard Green back in March to offer $1.34 billion for a takeover. 99-Cent Only Stores has indicated it wants bidders to be ready to confirm a deal by mid-September.