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December 5, 2012
08:28 EDTBXBlackstone's James says central banks moving to alternative assets
Says more money coming from sovereign funds. Says real estate is Blackstone's "biggest, most profitable business." Says acquisitions "not core" to Blackstone's strategy. Comments from President & COO Tony James speaking at Goldman Sachs Financial Services conference.
News For BX From The Last 14 Days
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October 9, 2015
07:37 EDTBXPrivate equity asset managers attractive, says Oppenheimer
Oppenheimer expects the private equity-based asset managers to report Q3 negative economic net income. However, Oppenheimer believes that such losses are "a fiction" created by accounting. Oppenheimer's analyst continues to believe that these companies have the best business mode he has sen in 30 years of covering financial stocks, and views the group as significantly undervalued. He expects the group's cash earnings to continue on an upward path, and says that Blackstone (BX), Carlyle Group (CG), and KKR (KKR) all had "significant realizations" in Q3 and have strong backlogs.
October 8, 2015
06:14 EDTBXBioMed Realty Trust volatility elevated into Blackstone acquiring for $8B
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06:11 EDTBXBioMed Realty agrees to be acquired by Blackstone for $23.75 per share
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06:10 EDTBXBioMed Realty agrees to be acquired by Blackstone for $23.75 per share
October 7, 2015
14:01 EDTBXBlackstone in $39M settlement pact with SEC over fee disclosure
The Securities and Exchange Commission announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39M to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees. Nearly $29M of the settlement will be distributed to affected fund investors. Reference Link
06:10 EDTBXBlackstone says 'bullish' on New York and Miami, The Independent reports
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October 6, 2015
07:24 EDTBXbloomberg to hold a summit
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October 2, 2015
07:15 EDTBXBlackstone's Gray: Bearish market to lead to REIT takeovers, Bloomberg says
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October 1, 2015
19:15 EDTBXJPMorgan preparing $18B bid for U.K. mortgage pool, Bloomberg says
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13:37 EDTBXBerry Plastics completes purchase of AVINTIV for $2.45B
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08:03 EDTBXBlackstone completes spin-off of PJT Partners
Blackstone (BX) and PJT Partners (PJT) announced the successful completion of the previously announced spin-off of Blackstone's financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses, which have been combined with PJT Capital LP, a global independent financial advisory firm founded by Paul J. Taubman, to form an independent, publicly traded company called PJT Partners. Blackstone common unitholders of record as of the close of business on September 22, 2015 received one share of Class A common stock of PJT Partners for every 40 common units of Blackstone held on the record date. The spin-off has been structured to be tax-free to Blackstone's common unitholders for U.S. Federal income tax purposes, except to the extent of any gain or loss recognized by a common unitholder as a result of any cash received in lieu of fractional shares. Common unitholders are urged to consult their tax advisors with respect to U.S. federal, state, local and non-U.S. tax consequences of the spin-off.
September 25, 2015
10:58 EDTBXBlackstone management to meet with Jefferies
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