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Stock Market & Financial Investment News

News Breaks
April 14, 2014
08:31 EDTKKR, GS, BXBlackstone and Goldman Sachs to acquire Ipreo from KKR
Ipreo announced the signing of a definitive agreement to be acquired by private equity funds managed by Blackstone (BX) and by the Goldman Sachs (GS) Merchant Banking Division. The sponsors are acquiring the business from affiliates of KKR (KKR), who will retain a minority ownership stake in the business. Terms of the transaction were not disclosed.
News For KKR;BX;GS From The Last 14 Days
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April 14, 2015
13:02 EDTKKR, BXFly Watch: Analyst expects strong Q1 results from private equity firms
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10:00 EDTKKRGroupon core business still key to valuation, says Piper Jaffray
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08:27 EDTKKRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
08:04 EDTKKRKKR names Luis Tellez as senior advisor
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07:00 EDTKKRKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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April 13, 2015
08:42 EDTGSPandora rises after Spotify reportedly valued above $8B in fundraising
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06:39 EDTGSGoldman Sachs in talks to sell NPL business of Archon to D.E. Shaw, Reuters says
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06:32 EDTBXReal estate is a big part of Blackstone's business, NY Times says
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April 10, 2015
17:26 EDTGSSpotify close to deal to raise $400M, WSJ reports
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16:19 EDTBXStocks finish week higher as investors speculate jobs data could delay rate hike
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16:14 EDTBXOn The Fly: Closing Wrap
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12:46 EDTBXOn The Fly: Midday Wrap
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08:03 EDTBXExcel Trust to be acquired by Blackstone for $15.85 per share, or about $2B
Excel Trust (EXL) announced that it has entered into a definitive agreement with Blackstone Property Partners, under which Blackstone (BX) will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at approximately $2B. The transaction has been unanimously approved by Excel Trust's board and represents a premium of nearly 15% over the company's closing stock price on April 9. In addition to the common stock dividend of 18c per share payable on April 15, Excel Trust intends to pay an additional common stock dividend in July, but, under the terms of the agreement, not for any quarter thereafter. Completion of the transaction, which is currently expected to occur in the second half of 2015. The transaction is not contingent on receipt of financing by Blackstone. In connection with the closing of the transaction, the parties intend that Excel Trust L.P.'s $75M of 4.40% Senior Series A Notes due 2020 and its $25M of 5.19% Senior Series B Notes due 2023 will be repaid. Excel Trust L.P.'s $250M of 4.625% Senior Notes due 2024 are intended to remain outstanding following the closing.
08:00 EDTBXExcel Trust to be acquired by Blackstone for $15.85 per share, or about $2B
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06:38 EDTBXBlackstone and Wells Fargo confirm acquisition of GE real estate assets
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06:35 EDTBXGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTBXGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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06:34 EDTBXBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
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06:34 EDTBXBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTBXGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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