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Stock Market & Financial Investment News

News Breaks
June 9, 2014
09:31 EDTBX, HLTHilton lock-up expires, Blackstone could trim stake near-term, says Wells Fargo
Wells Fargo noted that the lock-up for the IPO of Hilton (HLT) expires today and the firm expect Blackstone (BX) to begin to monetize its stake in the company over the near term. Wells maintains a Market Perform rating on Hilton.
News For HLT;BX From The Last 14 Days
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December 18, 2014
10:01 EDTHLTOn The Fly: Analyst Initiation Summary
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06:34 EDTHLTHilton initiated with a Buy at Evercore ISI
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December 15, 2014
18:35 EDTBXCDL partners with Blackstone to create S$1.5B investment platform
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08:22 EDTBXBlackstone initiated with an Overweight at Morgan Stanley
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December 12, 2014
09:02 EDTBXKimco Realty to buy Blackstone 66.7% share stake in portfolio for $925M
Kimco Realty (KIM) announced that its subsidiary has executed a contract to acquire the remaining 66.667% interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BX) for a price of $925M, which includes the assumption of approximately $426.7M in mortgage debt. The company will pay approximately $512.3M to acquire BREP’s interest. Kimco will use a combination of proceeds from recently completed and pending property sales in the U.S. and Latin America as well as availability under its existing $1.75B revolving credit facility to fund this transaction which is expected to be completed in the first quarter of 2015. Upon closing, Kimco will own 100% of the portfolio. The portfolio consists of 39 properties totaling 5.6M square feet and is approximately 97% occupied. The properties in the portfolio are concentrated in the core markets of New York, Virginia, Texas, Florida, California, and Maryland. The portfolio has a three-mile average household income level of $92,000 and an average base rent per square foot of $15.83, both of which exceed Kimco’s current portfolio averages.
08:09 EDTBXBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 11, 2014
07:49 EDTBXThe New York Times to hold a conference
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07:21 EDTBXShell starts sale process for Tongyi JV stake, WSJ reports
Royal Dutch Shell (RDS.A) has started the sale process for 75% its stake in a Chinese oil lubricants business in a deal that could fetch up to $500M, The Wall Street Journal reports, citing sources. Blackstone (BX) is in a "strong" position in first round bids for the Tongyi oil lubricants joint venture, the sources say. Reference Link
05:54 EDTBXBlackstone implied volatility of 23 at lower end of index mean range
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December 9, 2014
07:45 EDTBXGoldman to hold a conference
U.S. Financial Services Conference is being held in New York on December 9-10.
December 8, 2014
08:05 EDTBXHudson Pacific to acquire EOP portfolio from Blackstone for $3.5B
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07:24 EDTBXBlackstone to sell $3.5B of California properties to Hudson Pacific, WSJ says
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06:15 EDTBXBlackstone implied volatility of 21 at lower end of index mean range
December 4, 2014
10:08 EDTBXOn The Fly: Analyst Initiation Summary
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05:32 EDTBXBlackstone initiated with an Overweight at Barclays
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