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Blackstone Group LP (BX.N)

BX.N on New York Stock Exchange

8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Blackstone, Carlyle, KKR among firms in talks to bid for Valeant’s Inova unit - Bloomberg
Thursday, 10 Nov 2016 04:49am EST 

: Blackstone Group, Carlyle Group LP, KKR & Co among buyout firms in talks with banks for financing to back bids for Valeant’s Australian drug unit - Bloomberg . Indicative bids for Valeant’s Inova pharmaceuticals business were submitted this month - Bloomberg, citing sources . Inova's sale may fetch about A$1 billion ($773 million)- Bloomberg, citing sources Source : (http://bloom.bg/2fgE0jz) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Sanchez, Blackstone may team up to buy Anadarko’s south Texas assets - WSJ
Thursday, 27 Oct 2016 04:01pm EDT 

: Sanchez Energy Corp in talks to partner with blackstone group lp on a deal for Anadarko Petroleum corp’s south texas oil-and-gas assets - WSJ . Sanchez energy's deal for Anadarko Petroleum’s south Texas oil-and-gas assets expected to value the assets at between $3 billion and $3.5 billion- WSJ .Blackstone and it’s credit arm, GSO Capital Partners, would likely fund or participate in purchase for Anadarko Petroleum’s south Texas oil-and-gas assets - WSJ.  Full Article

Blackstone Mortgage Q3 GAAP earnings $0.69
Tuesday, 25 Oct 2016 04:16pm EDT 

Blackstone Mortgage Trust Inc : Q3 GAAP earnings of $0.69 per share and core earnings of $0.71 .Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.  Full Article

Caterpillar CEO Doug Oberhelman to retire in 2017
Monday, 17 Oct 2016 09:00am EDT 

Caterpillar Inc : Caterpillar Chairman and CEO Doug Oberhelman elects to retire in 2017; Jim Umpleby elected as Caterpillar's next CEO; Dave Calhoun to become non-executive chairman of the board . A replacement for Umpleby will be announced at a later date . Oberhelman will remain as executive chairman of Caterpillar until March 31, 2017, when he will retire . Calhoun is senior managing director and head of private equity portfolio operations of Blackstone Group L.P. . Caterpillar - Ed Rust, presiding director, to remain on board, but will no longer hold title of presiding director once Calhoun becomes non-executive chairman .Jim Umpleby, currently Caterpillar group president with responsibility for energy & transportation, to also join Caterpillar board.  Full Article

Aboitiz Power says unit Therma Power is preferred bidder in acquisition of Gnpower's assets
Monday, 3 Oct 2016 03:05am EDT 

Aboitiz Power Corp: Informed that unit Therma Power is preferred bidder for tender process undertaken by funds affiliated with Blackstone Group .Therma power, inc. as preferred bidder in the acquisition of Gnpower's assets.  Full Article

AEP to sell four power plants to Blackstone, Arclight JV
Wednesday, 14 Sep 2016 08:00am EDT 

American Electric Power : AEP to sell four competitive power plants to Blackstone and Arclight joint venture . Deal for $2.17 billion . Sale is expected to close in Q1 of 2017 . Expects to record an after-tax gain of approximately $140 million from sale . Company is evaluating options . AEP expects to net approximately $1.2 billion in cash after taxes, repayment of debt associated with these assets and transaction fees .Options may involve reinvestment in regulated businesses, including transmission; renewable projects; additional debt retirement; buybacks.  Full Article

Blackstone's Schwarzman sees opportunities in U.S. real estate - CNBC
Tuesday, 13 Sep 2016 05:20pm EDT 

: Blackstone's Schwarzman says technology revolution and disruption destroys more jobs than it creates -CNBC . Blackstone's Schwarzman says energy industry will still need a lot of capital, sees opportunties - CNBC (Reporting By Michael Erman) ((Michael.Erman@thomsonreuters.com;)).  Full Article

Blackstone, ArcLight to buy Midwest power plants from AEP for about $2.1 bln - WSJ
Tuesday, 13 Sep 2016 04:25pm EDT 

:Blackstone Group, Arclight Capital Partners nearing deal to buy four midwest power plants from American Electric Power for about $2.1 bln - WSJ, citing sources.  Full Article

Blackstone's Principal Accounting Officer reports open market sale of 11,500 shares of co
Friday, 9 Sep 2016 06:07pm EDT 

Blackstone Group Lp : Principal accounting officer Kathleen Skero reports open market sale of 11,500 shares of co's common stock at average price of $26.51 per share on Sept 7 Source: (http://bit.ly/2c6wBV7) Further company coverage: [BX.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Blackstone Group enters into $1.50 bln revolving credit facility
Wednesday, 7 Sep 2016 06:37am EDT 

Blackstone Group Lp : Entered into an amended and restated $1.50 billion revolving credit facility . New credit facility amends and restates existing revolving credit facility entered into on March 23, 2010 . New credit facility extends maturity date of revolving credit facility from May 29, 2019 to August 31, 2021 .New credit facility increases accordion feature from $1.60 billion to $2.00 billion.  Full Article


Solvay to sell cigarette filter business Acetow to Blackstone

BRUSSELS Belgian chemicals group Solvay said on Wednesday it had agreed to sell its Acetow unit, which makes material used in cigarette filters, to private equity group Blackstone for 1 billion euros ($1.07 billion), including debt.