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Blackstone Group LP (BX)

BX on New York Consolidated

32.71USD
21 Sep 2017
Change (% chg)

$0.09 (+0.28%)
Prev Close
$32.62
Open
$32.65
Day's High
$32.94
Day's Low
$32.57
Volume
2,528,575
Avg. Vol
3,874,943
52-wk High
$35.09
52-wk Low
$23.33

Latest Key Developments (Source: Significant Developments)

Hilton Grand Vacations announces pricing of secondary common stock offering
Wednesday, 20 Sep 2017 05:29pm EDT 

Sept 20 (Reuters) - Hilton Grand Vacations Inc :Hilton Grand Vacations announces pricing of secondary common stock offering.Hilton Grand Vacations - Blackstone Group L.P. informed HGV that have agreed to sell 5.1 million shares of HGV common stock at price per share of $35.91.  Full Article

Blackstone agrees to acquire Harvest Fund Advisors
Thursday, 17 Aug 2017 04:30pm EDT 

Aug 17 (Reuters) - Blackstone Group Lp -:Blackstone agrees to acquire Harvest Fund Advisors Llc.Blackstone Group Lp - ‍terms of agreement were not disclosed.​.Blackstone Group Lp - ‍transaction is subject to customary closing conditions and is expected to close during Q4 of 2017​.  Full Article

Invitation Homes and Starwood Waypoint Homes to merge
Thursday, 10 Aug 2017 07:00am EDT 

Aug 10 (Reuters) - Invitation Homes Inc :Invitation Homes and Starwood Waypoint Homes announce merger to create best-in-class single-family rental company.Starwood Waypoint Homes - ‍substantial portfolio overlap expected to drive $45-50 million in annual synergies​.Starwood Waypoint Homes - ‍under terms of agreement, each Starwood Waypoint Homes share will be converted into 1.614 Invitation Homes shares​.Starwood Waypoint Homes - ‍upon closing of transaction, invitation homes stockholders will own approximately 59 percent of combined company's stock​.Starwood Waypoint Homes - ‍invitation Homes' Bryce Blair to remain chairman, Starwood Waypoint Homes' Fred Tuomi to be CEO of combined co​.Starwood Waypoint Homes - ‍Ernie Freedman, chief financial officer of invitation homes, will remain CFO of combined co​.Starwood Waypoint - ‍equity market cap of combined co would be about $11 billion and total enterprise value (including debt) would be about $20 billion​.Starwood Waypoint Homes - ‍combined company will be headquartered in Dallas, Texas, and will maintain a presence in Scottsdale, Arizona​.Starwood Waypoint Homes - ‍combined co board is expected to have 11 directors.Starwood Waypoint Homes - ‍transaction is expected to be accretive to core FFO and AFFO on a run-rate basis​.Starwood Waypoint Homes - ‍combined co board is expected to have six directors appointed by Invitation Homes, five appointed by Starwood Waypoint Homes​.  Full Article

Blackstone's Invitation Homes and Starwood Waypoint Homes plan to combine- WSJ, citing sources
Thursday, 10 Aug 2017 06:48am EDT 

Aug 10 (Reuters) - :Blackstone Group's Invitation Homes and starwood Waypoint Homes plan to combine- WSJ, citing sources.Under terms of agreement, Invitation Homes shareholders will own 59 percent of combined co while Starwood's investors will get remainder- WSJ, citing sources.  Full Article

Santander sells Banco Popular's real estate business to Blackstone
Tuesday, 8 Aug 2017 11:36am EDT 

Aug 8 (Reuters) - BANCO SANTANDER SA ::EXECUTES DEAL WITH BLACKSTONE FUND FOR ACQUISITION BY THE FUND OF 51 PERCENT OF BANCO POPULAR´S REAL ESTATE BUSINESS.TRANSACTION INVOLVES CREATION OF COMPANY TO WHICH BANCO POPULAR WILL TRANSFER BUSINESS WITH GROSS BOOK VALUE OF ABOUT 30 BILLION EUROS.VALUES SPANISH ASSETS OF REAL ESTATE, LOANS AND TAX ASSETS, EXCLUDING ALISEDA AT 10 BILLION EUROS.SAYS TRANSACTION WILL HAVE POSITIVE IMPACT OF 12 BASIS POINTS IN THE CAPITAL CET 1 "FULLY LOADED" OF SANTANDER GROUP.  Full Article

Blackstone mortgage prices offering of convertible senior notes
Tuesday, 8 Aug 2017 08:16am EDT 

Aug 8 (Reuters) - Blackstone Mortgage Trust Inc :Blackstone mortgage trust announces pricing of public offering of convertible senior notes.Prices an underwritten public offering of $100.0 million 4.375% convertible senior notes due 2022​.  Full Article

Blackstone Mortgage Trust Inc announces public offering of convertible senior notes
Monday, 7 Aug 2017 04:10pm EDT 

Aug 7 (Reuters) - Blackstone Mortgage Trust Inc :Blackstone Mortgage Trust - commenced an underwritten public offering of $100.0 million of its 4.375 percent convertible senior notes due 2022​.Blackstone Mortgage - ‍intends to use net proceeds from offering to originate and purchase additional commercial mortgage loans, target assets & investments​.  Full Article

Singapore's GIC, MassMutual and Blackstone to buy Goldman's stake in Rothesay Life- Sky News
Friday, 4 Aug 2017 11:45am EDT 

Aug 4 (Reuters) - :Singapore's GIC, MassMutual and Blackstone, will announce deal early next week to buy Goldman's 33 pct stake in Rothesay Life- Sky News,citing sources.Transaction is expected to value Rothesay at about 2 billion stg- Sky News,citing sources.  Full Article

ETP to sell stake in Rover pipeline project entity for about $1.57 bln
Monday, 31 Jul 2017 04:30pm EDT 

July 31 (Reuters) - Energy Transfer Equity LP ::Energy Transfer announces sale of 32.44% stake in entity of Rover Pipeline Project to Blackstone Energy Partners for approximately $1.57 billion.Energy Transfer Partners LP - ‍ETP plans to use proceeds to pay down debt and help fund its current growth projects​.Energy Transfer Partners LP - ‍upon closing, Holdco will be owned 50.1% by Energy Transfer and 49.9% by Blackstone​.Energy Transfer- ‍rover Pipeline to be an approximate 700 mile pipeline designed to transport 3.25 billion cubic feet of natural gas/day.Energy Transfer - ‍blackstone Investment to reimburse co for pro rata share of construction costs incurred by co through closing date of Rover Pipeline.Energy Transfer - ‍blackstone Investment to reimburse co with specified amounts of future construction costs and certain additional payments to ETP​.  Full Article

Blackstone Mortgage Trust qtrly EPS $0.53
Tuesday, 25 Jul 2017 04:16pm EDT 

July 25 (Reuters) - Blackstone Mortgage Trust Inc ::Blackstone Mortgage Trust reports second quarter 2017 results.Qtrly gaap earnings per share $0.53.Qtrly core earnings per share $0.60.Qtrly book value of $26.38 per share, up $0.10 from prior quarter.Q2 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.  Full Article

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Blackstone buys German measuring firm Schenck

FRANKFURT Buyout group Blackstone has bought German measuring technology group Schenck Process from private equity investor IK Investment Partners, the groups said on Thursday.