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Stock Market & Financial Investment News

News Breaks
April 10, 2014
09:16 EDTRTK, BXRentech announces $150M investment from Blackstone's GSO Capital
Rentech (RTK) announced that GSO Capital Partners LP, the credit investment arm of Blackstone (BX), will invest $150M in Rentech in the form of $100M of convertible preferred stock and a $50M term loan. The transactions closed on April 9. In connection with this investment, Blackstone/GSO appointed two members to Rentech’s Board of Directors: Douglas Ostrover, a senior managing director of Blackstone and co-founder of GSO Capital Partners, and Patrick Moore, the former chairman and chief executive officer of Smurfit-Stone Container Corporation, a paper-based packaging company with significant wood fibre operations. Rentech also announced a settlement with Concerned Rentech Shareholders, whereby CRS will approve an additional member to join Rentech’s Board of Directors and the board’s newly formed Finance Committee. Proceeds from Blackstone/GSO’s investment will fund identified growth opportunities in Rentech’s wood fibre processing business. Rentech also announced changes to its Board of Directors today: Douglas Ostrover, senior managing director of Blackstone and co-founder of GSO Capital Partners, has joined the board. Mr. Ostrover brings shareholder representation and significant finance experience. He has personally overseen GSO’s deployment of $65 billion of capital. Mr. Ostrover will be the chairman of the board’s Finance Committee. Blackstone/GSO appointed Patrick J. Moore, former chairman and chief executive officer of Smurfit-Stone Container Corporation, to the board.
News For RTK;BX From The Last 14 Days
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August 3, 2015
06:19 EDTBXBlackstone, Fortress on shortlist for Simplex auction, Reuters reports
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July 31, 2015
08:11 EDTBXBerry Plastics to acquire AVINTIV for $2.45B
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08:06 EDTBXBerry Plastics to acquire AVINTIV for approx. $2.45B in cash
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08:04 EDTBXBerry Plastics to acquire AVINTIV for approx. $2.45B in cash
July 29, 2015
09:35 EDTBXActive equity options trading on open
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July 28, 2015
12:51 EDTBXExcel Trust shareholders approve acquisition by Blackstone
Excel Trust (EXL) announced that its common stockholders approved the acquisition of Excel Trust by Blackstone (BX) at its special meeting of stockholders held earlier. Subject to the satisfaction or waiver of all closing conditions related to the transaction, Excel Trust expects the transaction to close on July 31, 2015, at which time trading of the company's shares on the New York Stock Exchange will cease.
July 24, 2015
12:33 EDTBXBlackstone reports CFO Tosi resigns to join Airbnb
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06:21 EDTBXAirbnb in talks to hire Blackstone's Tosi as CFO, Bloomberg reports
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July 23, 2015
09:38 EDTBXActive equity options trading on open
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09:02 EDTBXUtility One Source announces partnership with TNT Equipment
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July 22, 2015
13:14 EDTBXBlackstone venture agrees to buy 25 NYC apartment buildings, Bloomberg says
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July 20, 2015
14:41 EDTBXThoma Bravo, Blackstone competing for NCR with final bids due, dealReporter says
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11:21 EDTBXBlackstone, Corsair Capital acquire majority stake in First Eagle
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