New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:02 EDTBXBlack Rhino, Dangote invest $5B in African Energy Infrastructure
Blackstone and Dangote Industries announced a commitment by Black Rhino, a portfolio company of Blackstone Energy Partners and affiliated funds managed by Blackstone, and Dangote Industries to jointly invest up to $5B over the next five years in energy infrastructure projects across Sub-Saharan Africa with a particular emphasis on power, transmission and pipeline projects.
News For BX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 4, 2015
16:49 EDTBXPinnacle Foods files to sell 5M shares of common stock for holders
Pinnacle Foods (PF) announced that certain of its stockholders, which are entities affiliated with Blackstone (BX), intend to offer for sale in an underwritten secondary offering 5M shares of the company's common stock, pursuant to the company shelf registration statement filed with the SEC. Upon successful completion of the offering, Blackstone will no longer beneficially own any of Pinnacle's common stock. BofA Merrill Lynch is acting as bookrunner for the offering.
May 3, 2015
13:06 EDTBXBlackstone shares may return 20% over coming year, Barron's says
Blackstone stock could rise to $47 from $41 in the next 12 months and could "easily" return 20% after dividends, Barron's contends in a feature article. Barron's argues that the stock looks underpriced at just 10 times earnings, and CEO Stephen Schwarzman is confident the firm can handle heavy influxes of capital. Reference Link
April 30, 2015
08:19 EDTBXBlackstone invests $250M in Stornoway Diamond
Subscribe for More Information
08:14 EDTBXBlackstone affiliate invests in Stornoway Diamond
Subscribe for More Information
April 27, 2015
09:59 EDTBXBlackstone acquires 16 UK logistics assets
Subscribe for More Information
April 21, 2015
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

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use