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Stock Market & Financial Investment News

News Breaks
April 10, 2014
09:16 EDTBX, RTKRentech 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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January 30, 2015
08:37 EDTBXBlackstone forms utility and heavy equipment platform
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05:52 EDTBXStocks with implied volatility movement; BRKB BX
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January 29, 2015
07:20 EDTBXBlackstone reports Q4 ENI $1.25, consensus 93c
Reports Q4 revenue $2.14B, consensus $1.81B. At year end , total AUM was $290.3B, up 9% year-over-year. Fee-earning AUM $216.69B, up 9%.
06:43 EDTBXFTC issues subpoenas regarding Sysco, US Foods merger, NY Post says
Indicating further delays and possible cancellation of the deal, regulators from the Federal Trade Commission sent subpoenas to a third-party food distributor this week regarding Sysco's (SYY) $8.2B merger with US Foods, reports the New York Post, citing a source with direct knowledge of the situation. The source said it is "shockingly unclear" whether the FTC is gathering information in order to approve the deal or to block it. Blackstone's (BX) Performance Food Group, which earlier agreed to buy $5B of Sysco assets to make Sysco's merger more palatable to regulators, did not receive a subpoena. Reference Link
January 28, 2015
09:06 EDTBXBlackstone announces partnership with Raider Hill Advisors
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January 27, 2015
09:25 EDTBXBlackstone raises energy-sector credit fund, Reuters says
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January 26, 2015
10:23 EDTBXBlackstone announces sale of Gold Fields House in Sydney
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07:55 EDTBXBlackstone to sell Sydney office building to Dalian Wanda, Reuters reports
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January 23, 2015
09:38 EDTBXBlackstone acquires 160,000 SQM of logistics assets in Germany
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January 20, 2015
10:27 EDTBXSources: Blackstone to buy 36 apartment properties for $1.7B, Bloomberg reports
According to two sources, Blackstone will acquire 36 apartment properties across the U.S. that are being sold by Praedium Group for about $1.7B, Bloomberg reports. The properties, which contain about 11,000 apartments, are located in Washington, D.C., Boston, California and other cities. Reference Link

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