News Breaks |
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| January 10, 2013 |
| 05:55 EDT |  | BX, BX | Blackstone has a luncheon meeting with Morgan Stanley
Luncheon meeting with management is being held in New York on January 15 hosted by Morgan Stanley. |
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News For BX From The Last 14 Days Check below for free stories on BX the last two weeks. |
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| May 16, 2013 |
| 07:11 EDT |  | BX | Some asset managers want investors to buy their shares, Reuters reports
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| 06:08 EDT | | BX | On the Fly: Periodicals Wrap-Up
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| May 15, 2013 |
| 16:09 EDT |  | BX | DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B
DDR Corp. (DDR) announced an agreement to acquire a portfolio of prime power centers from its existing joint venture with Blackstone Real Estate Partners VII (BX). The acquisition, which is expected to close in Q4 subject to customary closing conditions, will significantly increase DDR's cash flow generated by very high quality, large format prime power centers located in top MSA's in the United States. The joint venture between Blackstone and DDR currently owns 44 shopping centers, and DDR has executed a purchase and sale agreement to acquire Blackstone's 95% common equity ownership interest in 30 of these shopping centers for $1.46B. DDR intends to fund this acquisition through a combination of the assumption of $398M in existing debt, nearly $150M from the repayment of preferred equity and mezzanine loans previously funded by DDR and proceeds from the issuance of common equity and unsecured debt. As part of the consideration, DDR has the right, subject to certain conditions, to issue common shares to Blackstone in an amount not to exceed $250M. |
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| 16:07 EDT | | BX | DDR Corp. acquires select prime power centers from its Blackstone JV for $1.46B
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| 07:11 EDT | | BX | Some buyout firms move beyond buyouts, WSJ reports
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| 06:08 EDT | | BX | On the Fly: Periodicals Wrap-Up
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| May 14, 2013 |
| 05:44 EDT | | BX | Banks work deals from both sides of the field, WSJ reports
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| May 10, 2013 |
| 07:49 EDT | | BX | Blackstone targets corporations rich balance sheets, Bloomberg reports
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| May 9, 2013 |
| 07:34 EDT | | BX | Simon Graduate School of Business to hold a conference
2013 Simon NYC Conference is being held in New York on May 9. |
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| May 7, 2013 |
| 08:05 EDT |  | BX | Blackstone price target raised to $28 from $22 at Argus
Argus increased its price target on Blackstone as the firm expects the company's distribution and stock price to be boosted by a better cycle of real estate exits. The firm thinks this trend is in its early innings and keeps a Buy rating on the shares. |
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