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Stock Market & Financial Investment News

News Breaks
May 21, 2014
06:45 EDTBX, ARCPARCP 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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April 30, 2015
08:19 EDTBXBlackstone invests $250M in Stornoway Diamond
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08:14 EDTBXBlackstone affiliate invests in Stornoway Diamond
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April 27, 2015
09:59 EDTBXBlackstone acquires 16 UK logistics assets
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April 21, 2015
11:16 EDTARCPOptions with increasing implied volatility
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09:06 EDTBXHilton price target raised to $33 from $30 at Baird
Baird raised its price target on Hilton (HLT) to $33 from $30 ahead of its Q1 earnings report. The firm cited in-line peer valuation despite better growth expectations, additional asset monetization initiatives, and the potential for Blackstone (BX) to sell its shares, which would remove an overhang and boost liquidity. Baird reiterated its Outperform rating on Hilton.
09:02 EDTBXBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
07:51 EDTBXBlackstone, Brookfield bid for A$9B of office properties, Globe and Mail says
Investa Property Group, Australia’s third-biggest owner of city center offices, is seeing interest from Blackstone (BX) and Brookfield Asset Management (BAM), as well as LaSalle Investment Management and China’s Fosun, for the A$9B portfolio of Australian office properties that Morgan Stanley (MS) is marketing on the company's behalf, said Bloomberg, citing people with knowledge of the matter. Reference Link
April 19, 2015
13:28 EDTARCPAmerican Realty investors cite fee driven 'scheme,' Bloomberg says
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