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Blackstone Group LP (BX.N)

BX.N on New York Stock Exchange

32.92USD
14 Nov 2018
Change (% chg)

$-0.44 (-1.32%)
Prev Close
$33.36
Open
$33.57
Day's High
$34.19
Day's Low
$32.78
Volume
642,647
Avg. Vol
1,083,844
52-wk High
$40.60
52-wk Low
$29.57

Latest Key Developments (Source: Significant Developments)

Blackstone Group Qtrly Net Income Per Common Unit $0.64
Thursday, 18 Oct 2018 07:08am EDT 

Oct 18 (Reuters) - Blackstone Group LP ::BLACKSTONE REPORTS THIRD QUARTER 2018 RESULTS.AT QUARTER-END, TOTAL AUM OF $456.7 BILLION, UP 18% YOY.QTRLY TOTAL REVENUE $1.93 BILLION VERSUS $1.74 BILLION REPORTED LAST YEAR.BLACKSTONE GROUP - ECONOMIC NET INCOME WAS $911 MILLION ($0.76/UNIT) IN QUARTER, UP 11%.QTRLY NET INCOME PER COMMON UNIT $0.64.Q3 EARNINGS PER SHARE VIEW $0.74, REVENUE VIEW $1.79 BILLION -- THOMSON REUTERS I/B/E/S.BLACKSTONE GROUP - DISTRIBUTABLE EARNINGS WAS $769 MILLION ($0.63/UNIT) IN QUARTER, UP 23%.  Full Article

Acciona Accepts Offer By Blackstone For Sale Of Testa For 379 Mln Euros
Monday, 8 Oct 2018 02:17am EDT 

Oct 8 (Reuters) - Acciona ::SAYS HAS ACCEPTED OFFER BY BLACKSTONE FOR SALE OF ITS ENTIRE STAKE IN TESTA RESIDENCIAL SOCIMI FOR ABOUT 379.0 MILLION EUROS.TRANSACTION TO BE SUBJECT TO CONDITION THAT BUYER ACQUIRES AT LEAST 50.01 PERCENT OF THE SHARE CAPITAL OF TESTA.  Full Article

Blackstone Is Seeking $3.3 Bln To Buy Stakes In Peers - Bloomberg
Tuesday, 2 Oct 2018 09:04am EDT 

Oct 2 (Reuters) - :BLACKSTONE HAS STARTED TALKING TO INVESTORS ABOUT A SECOND FUND DEDICATED TO BUYING STAKES IN ALTERNATIVE-ASSET MANAGERS- BLOOMBERG, CITING SOURCES.BLACKSTONE IS SEEKING $3.3 BILLION TO BUY STAKES IN PEERS - BLOOMBERG, CITING A SOURCE.  Full Article

Thomson Reuters And Blackstone Close Financial & Risk Transaction
Monday, 1 Oct 2018 04:05pm EDT 

Oct 1 (Reuters) - Blackstone Group LP ::THOMSON REUTERS AND BLACKSTONE CLOSE FINANCIAL & RISK TRANSACTION.THOMSON REUTERS CORP - FINANCIAL & RISK BUSINESS IS NOW KNOWN AS REFINITIV.  Full Article

Blackstone says expects $150 bln+ for 2nd half ’18–2019 fundraising pipeline
Friday, 21 Sep 2018 08:19am EDT 

Sept 21 (Reuters) - Blackstone Group LP ::SAYS EXPECTS $150 BILLION+ FOR 2ND HALF ’18–2019 FUNDRAISING PIPELINE - INVESTOR DAY PRESENTATION.SAYS CLEAR PATH TO 50 PERCENT-PLUS FEE-RELATED EARNINGS GROWTH IN ROUGHLY 2 YEARS AND AROUND $2/SHARE IN NEXT SEVERAL YEARS - PRESENTATION.  Full Article

Blackstone Makes All-Cash Offer For PNB Housing Finance- ET
Wednesday, 19 Sep 2018 08:50am EDT 

Sept 19 (Reuters) - :BLACKSTONE MAKES ALL-CASH OFFER FOR PNB HOUSING FINANCE- ET, CITING SOURCES.  Full Article

Thomson Reuters Announces Cash Tender Offer For About $650 Mln Of Debt Securities
Wednesday, 19 Sep 2018 06:30am EDT 

Sept 19 (Reuters) - Thomson Reuters Corp ::THOMSON REUTERS ANNOUNCES CONDITIONAL CASH TENDER OFFER FOR APPROXIMATELY US$650 MILLION OF DEBT SECURITIES.TENDER OFFER IS IN ADDITION TO CONDITIONAL REDEMPTIONS OF ABOUT $1.7 BILLION OF SEPARATE SERIES OF DEBT SECURITIES ANNOUNCED ON SEPT 5.PLANS TO USE ABOUT $4 BILLION OF PROCEEDS FROM F&R DEAL TO FUND TENDER OFFER, CONDITIONAL REDEMPTIONS & TO REPAY INDEBTEDNESS.EARLY TENDER DEADLINE OF THE CASH TENDER OFFER IS 5:00 P.M., NEW YORK CITY TIME, ON OCT 2, UNLESS EXTENDED.FINAL SETTLEMENT DATE FOR THE CASH TENDER OFFER EXPECTED TO BE OCTOBER 19, 2018.  Full Article

Investa Office Grants Oxford Properties Group Access To Due Diligence
Monday, 17 Sep 2018 11:39pm EDT 

Sept 18 (Reuters) - Investa Office Fund ::OXFORD PROPERTIES GROUP GRANTED ACCESS TO DUE DILIGENCE.AGREED THAT IT WILL NOT RESTRICT OR AGREE TO RESTRICT OXFORD'S ACCESS TO DUE DILIGENCE INFORMATION FOR A PERIOD OF FOUR WEEKS.OXFORD ENTERED INTO A CONFIDENTIALITY DEED UNDER WHICH OXFORD WILL BE GRANTED ACCESS TO DUE DILIGENCE IN RELATION TO IOF.ILFML CONTINUES TO RECOMMEND THAT UNITHOLDERS TAKE NO ACTION.ILFML DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND BLACKSTONE PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL.OXFORD HAS AGREED TO STANDARD NO-POACH RESTRICTIONS OF DIRECTORS AND SENIOR EMPLOYEES OF ILFML AND ITS RELATED ENTITIES.OXFORD AGREED NOT TO ACQUIRE FURTHER IOF SECURITIES NOR ENTER INTO EXCLUSIVITY ARRANGEMENTS.STANDSTILL RESTRICTIONS DO NOT RESTRICT OXFORD FROM MAKING A TAKEOVER BID FOR ALL IOF SECURITIES AT A CASH PRICE OF NOT LESS THAN $5.60/UNIT.OXFORD AGREED NOT TO ENTER BINDING ARRANGEMENTS TO FORM CONSORTIUM OR DISCUSS IOF'S CONFIDENTIAL INFORMATION WITHOUT PRIOR CONSENT.  Full Article

Merlin To Sell Its Stake In Testa Residencial To Blackstone Group
Monday, 17 Sep 2018 02:30am EDT 

Sept 17 (Reuters) - Merlin Properties SOCIMI ::AGREES TO SELL ITS STAKE IN TESTA RESIDENCIAL FOR 321.2 MILLION EUROS TO TROPIC REAL ESTATE HOLDING, MANAGED BY BLACKSTONE.THE PRICE IMPLIES AN EQUITY VALUATION OF TESTA OF 1.90 BILLION EUROS.MERLIN, BANCO SANTANDER AND BBVA HAVE FORMALIZED A DEAL WITH BLACKSTONE TO SELL 50.01 PCT OF TESTA RESIDENCIAL.  Full Article

Blackstone in EUR 1 bln deal to buy 60 pct stake in Luminor from DNB, Nordea
Thursday, 13 Sep 2018 01:00am EDT 

Sept 13 (Reuters) - Dnb Asa ::DNB TO SELL SHARES IN LUMINOR.DNB AND NORDEA, WHICH DECIDED TO MERGE THEIR RESPECTIVE BALTIC OPERATIONS IN 2016, HAVE ENTERED INTO AN AGREEMENT WITH BLACKSTONE TO SELL PART OF THEIR SHARES IN MERGED BANK, LUMINOR.BUYER IS A CONSORTIUM LED BY PRIVATE EQUITY FUNDS MANAGED BY BLACKSTONE.AS PART OF TRANSACTION, CONSORTIUM WILL ACQUIRE A 60% MAJORITY STAKE IN BANK FROM ITS CURRENT OWNERS NORDEA BANK AB AND DNB BANK ASA FOR A CASH CONSIDERATION OF EUR 1 BILLION.AFTER TRANSACTION, DNB WILL OWN 20 PER CENT OF SHARES IN LUMINOR GROUP.WE WILL STAY ON AS A MINORITY OWNER IN LUMINOR BECAUSE WE BELIEVE COMPANY IS WELL POSITIONED TO CREATE VALUE FOR CUSTOMERS, EMPLOYEES AND SHAREHOLDERS.TRANSACTION AS SUCH WILL NOT HAVE ANY SIGNIFICANT IMPACT ON DNB GROUP'S OVERALL FINANCIAL RESULTS.  Full Article

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Blackstone, LLOG looking to sell Gulf of Mexico oil exploration venture: sources

NEW YORK Buyout firm Blackstone Group LP and privately held LLOG Exploration Company are working with an investment bank to sell their Gulf of Mexico oil exploration joint venture for more than $2 billion, people familiar with the matter said on Tuesday.