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Stock Market & Financial Investment News

News Breaks
April 13, 2013
14:56 EDTDELL, BXSoutheastern hires proxy firm to fight 'go private' proposal
DELL (DELL) investor, Southeastern Asset Management, said in a regulatory filing late Friday that it has hired a proxy solicitation firm in its fight against the proposed offer by Michael Dell and other investors to take Dell private. Southeastern said it is hiring the proxy firm in the event the other two potential bidders, the Blackstone Group (BX) and Carl Icahn,do not make a competing offer. Southeastern said, "We are pleased that thus far our efforts have highlighted the opportunities at Dell and the potential for a better outcome as evidenced by the deal opposition others have voiced as well as the Icahn and Blackstone proposals. The momentum is strong, and we will continue to diligently pursue a more equitable outcome for our clients."
News For DELL;BX From The Last 14 Days
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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
April 16, 2015
12:57 EDTBXEarnings Watch: Analyst sentiment positive ahead of GE's Q1 report
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12:37 EDTBXOn The Fly: Top stock stories at midday
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11:22 EDTBXBlackstone says company is 'in no way' at its peak
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09:18 EDTBXOn The Fly: Pre-market Movers
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07:06 EDTBXBlackstone reports Q1 ENI $1.37, consensus $1.04
Reports Q1 revenue $2.51B, consensus $2.04B. Says total AUM was up 14% y/y, with total AUM at $310.5B. Fee-earning AUM was $223.51B.
April 15, 2015
07:24 EDTBXBlackstone April volatility elevated into Q1 and outlook
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April 14, 2015
13:02 EDTBXFly Watch: Analyst expects strong Q1 results from private equity firms
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April 13, 2015
06:32 EDTBXReal estate is a big part of Blackstone's business, NY Times says
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