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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 18, 2014
06:43 EDTBXReport says Blackstone, TPG near Kensington takeover deal, Sky News says
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August 14, 2014
08:38 EDTBXShell to sell Haynesville Assets to Blackstone, Vine Oil & Gas for $1.2B
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08:37 EDTBXShell to sell Haynesville Assets to Blackstone, Vine Oil & Gas for $1.2B
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August 13, 2014
14:57 EDTBXBlackstone could opt to take SeaWorld private again, FT says
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August 10, 2014
15:55 EDTBXBlackstone near to acquiring Shell's stake in Haynesville shale, WSJ says
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August 7, 2014
16:07 EDTRTKRentech reports Q2 adjusted EBITDA $22.9M
Reports Q2 revenue $139.9M, consensus $143.71M.
11:59 EDTBXKKR, 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

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