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Stock Market & Financial Investment News

News Breaks
August 7, 2014
11:59 EDTKKR, BXKKR, Blackstone, TPG to settle LBO collusion lawsuit for $325M, Reuters reports
According to a filing in the U.S. District Court in Boston, KKR (KKR), Blackstone (BX) and TPG Capital have agreed to settle a lawsuit that accused them of LBO collusion, Reuters reports. The private equity firms will pay $325M to settle the suit. Reference Link
News For KKR;BX From The Last 14 Days
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October 8, 2015
06:14 EDTBXBioMed Realty Trust volatility elevated into Blackstone acquiring for $8B
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06:11 EDTBXBioMed Realty agrees to be acquired by Blackstone for $23.75 per share
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06:10 EDTBXBioMed Realty agrees to be acquired by Blackstone for $23.75 per share
October 7, 2015
14:01 EDTBXBlackstone in $39M settlement pact with SEC over fee disclosure
The Securities and Exchange Commission announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39M to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees. Nearly $29M of the settlement will be distributed to affected fund investors. Reference Link
06:10 EDTBXBlackstone says 'bullish' on New York and Miami, The Independent reports
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October 6, 2015
07:24 EDTKKR, BXbloomberg to hold a summit
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October 2, 2015
07:15 EDTBXBlackstone's Gray: Bearish market to lead to REIT takeovers, Bloomberg says
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October 1, 2015
19:15 EDTBXJPMorgan preparing $18B bid for U.K. mortgage pool, Bloomberg says
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13:37 EDTBXBerry Plastics completes purchase of AVINTIV for $2.45B
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08:03 EDTBXBlackstone completes spin-off of PJT Partners
Blackstone (BX) and PJT Partners (PJT) announced the successful completion of the previously announced spin-off of Blackstone's financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses, which have been combined with PJT Capital LP, a global independent financial advisory firm founded by Paul J. Taubman, to form an independent, publicly traded company called PJT Partners. Blackstone common unitholders of record as of the close of business on September 22, 2015 received one share of Class A common stock of PJT Partners for every 40 common units of Blackstone held on the record date. The spin-off has been structured to be tax-free to Blackstone's common unitholders for U.S. Federal income tax purposes, except to the extent of any gain or loss recognized by a common unitholder as a result of any cash received in lieu of fractional shares. Common unitholders are urged to consult their tax advisors with respect to U.S. federal, state, local and non-U.S. tax consequences of the spin-off.
September 25, 2015
16:43 EDTKKRKKR no longer holds stake in Smucker, lost right to designate board observer
On September 21, The J. M. Smucker Company (SJM) entered into an underwriting agreement, dated as of September 21, with Blue Holdings and Morgan Stanley with respect to a registered underwritten public offering of 8.28M shares of the company's common shares, to be sold by the selling shareholder. The common shares sold by the selling shareholder represent 100% of the ownership interests attributable to affiliates of Kohlberg Kravis Roberts (KKR). The secondary offering was completed on September 25. Upon completion of the secondary offering, KKR ceased to be the beneficial owner of any of the common shares and lost its right to designate a board observer.
10:58 EDTBXBlackstone management to meet with Jefferies
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