New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For KKR;BX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 22, 2014
16:44 EDTKKREncana announces agreement with Veresen Midstream
EnCana (ECA) announced it has reached an agreement with Veresen Midstream Limited Partnership, a 50/50 limited partnership of Veresen and affiliates of KKR (KKR), under which Encana and Cutbank Ridge Partnership, a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation, will sell certain natural gas gathering and compression assets supporting Montney development in the Dawson area of northeastern British Columbia. Total cash consideration to Encana under the transaction is approximately C$412M plus actual costs accrued in 2015. Veresen Midstream will provide gathering and compression services to Encana and the CRP under a fee-for-service arrangement in a dedicated area of mutual interest within the Montney. Veresen Midstream has agreed to undertake up to C$5B of new midstream expansion to support development within the Montney, which is a strategic growth asset for Encana. Encana, along with the CRP, plans to invest between $600M-700M in the play in 2015. The structure of the agreement reduces Encana's commitments compared to the typical "take-or-pay" fee structure embedded in traditional midstream arrangements. In addition, it increases Encana's financial flexibility and mitigates its exposure to long-term unutilized demand charges. Encana and its partner can make real-time decisions on expansions or delays of projects as necessary to align with its development plans and have the option to include processing as part of the service package. Encana will continue to operate the related facilities and lead future infrastructure construction on behalf of Veresen Midstream, which will oversee all commercial and other ownership activities. The arrangement includes a competitive fee structure that delivers mutually attractive rates of return and provides Veresen Midstream the incentive to effectively control costs and aggressively pursue third-party opportunities in the basin. The transaction includes the sale of existing infrastructure comprised of gas gathering and compression facilities located in the Dawson area, consisting of approximately 500 kilometres of pipeline and 675M cubic feet per day of compression. The transaction is subject to regulatory approval and typical closing conditions, and is anticipated to close in 1Q15.
December 19, 2014
07:11 EDTBXPátria, Blackstone acquire four office buildings in Rio de Janeiro
Subscribe for More Information
December 18, 2014
06:59 EDTKKRKKR acquisition of Samson is 'cautionary tale' of shale boom, WSJ says
KKR's acquisition of Samson Investment is in negative territory, driven by falling oil prices, and offers a "cautionary tale" of the U.S. shale market boom, reports the Wall Street Journal. Reference Link
December 15, 2014
18:35 EDTBXCDL partners with Blackstone to create S$1.5B investment platform
Subscribe for More Information
08:22 EDTKKRKKR initiated with an Overweight at Morgan Stanley
Target $29.
08:22 EDTBXBlackstone initiated with an Overweight at Morgan Stanley
Subscribe for More Information
December 12, 2014
12:10 EDTKKRAdobe hits 52-week high after results beat estimates
Subscribe for More Information
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 EDTBX, KKRBofA/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
18:07 EDTKKRKKR, United Water sign utility partnership with Borough of Middletown, PA
Subscribe for More Information
16:44 EDTKKRKKR to sell Fotolia to Adobe for $800M
Subscribe for More Information
07:49 EDTBXThe New York Times to hold a conference
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
07:24 EDTBXBlackstone to sell $3.5B of California properties to Hudson Pacific, WSJ says
Subscribe for More Information
06:15 EDTBXBlackstone implied volatility of 21 at lower end of index mean range

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