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Stock Market & Financial Investment News

News Breaks
May 21, 2014
06:45 EDTARCP, BXARCP intends to sell shopping center portfolio for $1.98B to Blackstone
American Realty Capital Properties (ARCP) announced that it intends to sell substantially all its multi-tenant shopping center portfolio for $1.98B in cash to affiliates of Blackstone Real Estate Partners VII (BX). ARCP has entered into a letter of intent to sell its multi-tenant shopping center portfolio to Blackstone and expects to finalize definitive documentation with Blackstone with respect to the sale in the next 30 days. The company then would use the proceeds from this sale to fund its recently announced Red Lobster sale-leaseback transaction. The properties included in this portfolio are the same properties ARCP previously announced would be spun off into American Realty Capital Centers.
News For ARCP;BX From The Last 14 Days
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September 30, 2014
17:04 EDTARCPAmerican Realty appoints David Kay as CEO
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September 29, 2014
15:50 EDTBXCSC contacts PE firms on leveraged buyout interest, Bloomberg reports
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15:46 EDTBXCSC explores LBO, contacts Blackstone, Bain to gauge interest, Bloomberg says
September 23, 2014
13:53 EDTBXBlackstone COO says company was 'never in Russia,' CNBC reports
Blacksone COO Tony James disputed a Financial Times report that said the group was "giving up on Russia," reports CNBC. In an interview with CNBC's "Squawk Box," James said "We were never in Russia. We've never had an office, employee or investment in Russia." James added that Blackstone has a consultant in Russia but has not determined whether or not to renew the contract. Reference Link
September 21, 2014
14:43 EDTBXBlackstone does not renew contracts to its consultants in Russia, FT says
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September 17, 2014
07:37 EDTBXMorningstar to hold a conference
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