|Bid||32.42 x 800|
|Ask||32.43 x 800|
|Day's range||32.04 - 32.73|
|52-week range||29.57 - 37.52|
|PE ratio (TTM)||16.58|
|Earnings date||18 Jul 2018 - 23 Jul 2018|
|Forward dividend & yield||2.18 (6.55%)|
|1y target est||39.83|
The former controlling shareholder in Formula One motor racing has made a takeover approach to investors in GEMS Education, a Dubai-based schools group which has been planning a £3bn London flotation. Sky News has learnt that CVC Capital Partners is in talks about a plan to gatecrash GEMS' initial public offering (IPO) by acquiring the stakes of a number of the company's shareholders. People close to the situation said on Thursday that CVC (Taiwan OTC: 4744.TWO - news) had held recent discussions with investors including Blackstone (NYSE: BX - news) , which owns a small minority of GEMS' shares.
The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firm Permira to acquire Cisco System's video software ...
About two years after Blackstone Group LP registered India’s first real estate investment trust, the private equity giant is close to taking it public. Rising interest rates threaten to get in the way. Blackstone and local partner Embassy Group plan to file a prospectus for an initial public offering of the REIT as early as next month, a deal that may raise as much as $1 billion, people with knowledge of the matter said.
PSAV, a global leader in event experiences, announced today that it has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with Blackstone (BX) ("Blackstone") from affiliates of Goldman Sachs (GS) and Olympus Partners. PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners.
Ellis Short, the former owner of Sunderland AFC, has joined a £1.3bn race to take over thousands of commercial property sites owned by Network Rail. Sky News has learnt that Kildare Partners, the London-based real estate investment firm set up by Mr Short five years ago, is among a handful of shortlisted bidders for the premises, which sit underneath railway arches across Britain. Kildare's involvement in the auction, which has not been previously reported, pits it against rival bidders who are understood to include CK Asset Holdings, the Hong Kong-listed infrastructure investor founded by the recently retired Li Ka-shing, Asia's richest man.
MADRID/LONDON (Reuters) - Private equity firm KKR (KKR.N) is close to buying a stake in the telecom towers business of Altice (ATCA.AS), three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations. Under the deal, which is being finalised, KKR will use its infrastructure fund to take a minority interest in Altice's towers subsidiary in France, the sources said.
EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday. Blackstone sought approval from the European Commission on June 15, according to the filing on the website. The Commission can either clear the deal with or without concessions or it can open a full-scale investigation of about four months if it has serious concerns.
EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk unit, a ...
on Monday reiterated its commitment to a deal with Blackstone Group LP, saying the private-equity firm’s roughly $3.7 billion purchase offer it accepted last month is in the best interest of shareholders. on June 11 wasn’t a “superior proposal.” The board said that Pebblebrook’s proposal, which includes an 80% stock consideration, “doesn’t address significant price risks and uncertainties for LaSalle shareholders.” LaSalle owns 41 hotels offering a total of 10,400 guest rooms. Under the deal LaSalle and Blackstone reached last month, Blackstone would acquire LaSalle’s outstanding shares for $33.50 each.
Julian Robertson is the founder and chair of Tiger Management. In the previous part of this series, we discussed that he has an optimistic outlook on the US technology sector (QQQ) and the US financial sector. In this part, we’ll look at Tiger Management’s top buys in the first quarter of 2018.
LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said Monday in a statement. LaSalle’s board deemed a June 11 offer from Pebblebrook “substantially similar” to one it rejected before accepting Blackstone’s bid of $33.50 a share.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Finnish utility Fortum to acquire a controlling stake in German ...
French company Teleperformance SE agreed to buy the Mumbai-based provider of business process outsourcing and contact center services.
PARIS--(BUSINESSWIRE)-- By acquiring Intelenet, a high-end business services and digital transformation solutions provider, Teleperformance is significantly strengthening its added-value Specialized Services ...
Teleperformance (TEP.PA), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East.
** Comcast Corp offered $65 billion for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc. ** AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.
Blackstone Group LP (BX.N) said it has raised about $9.4 billion (7.03 billion pounds) for two new funds - the largest-ever fund dedicated to real estate investments in Asia as well as its first private equity fund for the region. The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets. It raised $7.1 billion for what it called its second regional "opportunistic" real estate fund.
Blackstone Group LP (BX.N) said it has raised about $9.4 billion for two new funds - the largest-ever fund dedicated to real estate investments in Asia as well as its first private equity fund for the region. The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets. It raised $7.1 billion for what it called its second regional "opportunistic" real estate fund.
Blackstone today announced that it has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia , reaching its hard cap. Together with commitments from Blackstone and its affiliates, BCP Asia has approximately $2.3B of capital commitments.
Blackstone today announced that it has held its final close on its second Asian opportunistic real estate fund, Blackstone Real Estate Partners Asia II , reaching its hard cap.
Blackstone Group LP is tripling the fundraising goal for the nontraded real-estate investment trust it launched last year, breathing new life into an industry that hit the skids about four years ago following a flurry of bad publicity. In a new registration statement filed Tuesday with the Securities and Exchange Commission, Blackstone Real Estate Income Trust said it planned to raise another $10 billion on top of the $5 billion the trust said it would raise in its initial filing. The new registration is necessary because BREIT has been selling shares at such a high rate the first $5 billion would likely be all sold out before the end of 2018.
Australia's Investa Office Fund and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for ...
, which owns 6,973 guest rooms across 28 hotels, on Monday raised its offer to buy LaSalle to about $4.17 billion as it works to thwart an agreement the hotelier reached last month with private-equity firm Blackstone Group LP. On Tuesday, HG Vora Managing Member Parag Vora wrote in a letter to LaSalle’s board that Pebblebrook’s offer is a “superior proposal” compared with the agreement between LaSalle and Blackstone. LaSalle, which owns 41 hotels offering a total of 10,400 guest rooms, declined to comment on HG Vora’s letter Tuesday.