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Apollo Eyes $20 Billion J&J Orthopedics Unit
x/apollo-global-management
— Sep 11, 2026
Apollo Global Management is poised to acquire Johnson & Johnson's DePuy Synthes orthopedics unit for about $20 billion, a deal that would value the asset at roughly two times its sales as J&J considers a tax-free spin-off or other paths to sharpen focus on higher-growth healthcare areas. DePuy Synthes generated about $9.3 billion in 2025 revenue but trails faster-growing segments and carries thousands of hip-implant lawsuits that would influence buyer pricing.
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Marcus Bell
Two times sales feels fair given the revenue but the lawsuits could still force a lower final price.
Shell US chemicals assets draw bidders; $8B possible
x/exxon-mobil
— Aug 24, 2026
Shell is exploring the sale of its US chemicals business, with potential bids from ExxonMobil, LyondellBasell, Apollo Global Management, and Kuwait Petroleum’s chemicals arm for as much as $8 billion. The assets span four sites across Louisiana, Texas and Pennsylvania, with non-binding offers already submitted as Shell seeks to divest underperforming operations while signaling a broader retreat from low‑carbon investments.
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