Apollo Investment (AINV +4.6%) says Apollo Global Management (APO +0.8%) purchased about $50M,...

|About: Apollo Investment (AINV)|By:, SA News Editor

Apollo Investment (AINV +4.6%) says Apollo Global Management (APO +0.8%) purchased about $50M, or about 5.9 million shares, of newly issued Apollo Investment stock amid plans to expand its focus. Separately, the firm adds that it's beginning a search for a new chief financial officer after its earlier choice was unable to join the company due to a scheduling conflict.