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Below are the latest news stories about Blackstone Group Inc that investors may wish to consider to help them evaluate BX as an investment opportunity.
(Bloomberg) -- Blackstone Group Inc. offered to take over office developer Soho China Ltd. for as much as HK$23.7 billion ($3.05 billion), its biggest bet yet on the real estate market in Asia’s largest economy.The New York-based private equity firm is offering HK$5 in cash for each Soho China share, it said in a Hong Kong stock exchange filing Wednesday, confirming an earlier Bloomberg News report that it was nearing a deal. The bid represents a 31.6% premium to Soho China’s last closing price
(Bloomberg) -- Blackstone Group Inc. is nearing an agreement to acquire office developer Soho China Ltd. in what would be its biggest real estate investment in Asia’s largest economy, people familiar with the matter said.The private equity firm could announce a deal as soon as this week, the people said, asking not to be identified because the matter is confidential. Soho China could be valued at about $3 billion in a transaction, the people said. The developer has a market value of about HK$19.
Blackstone has agreed to buy property developer Soho China for about $3bn, marking the US private equity group’s biggest bet so far on a Chinese real estate market now recovering from the pandemic. The buyout firm has offered HK$5 a share for a majority stake in Hong Kong-listed Soho China, whose developments are focused on Beijing and Shanghai. The pair hold about 64 per cent of Soho China’s shares, and will retain a 9 per cent stake as part of the deal.
Jacobs Stock Photography Ltd/DigitalVision via Getty Images This article was co-produced by Williams Equity Research ("WER"). What can we say about real estate investment trust [REIT] Blackstone Mortgage Trust (BXMT)? For starters, it's one of the simplest mortgage REITs ("mREITs") in our coverage spectrum, with an $18.7 billion asset base...
The Blackstone Group Inc. (BX) Management Presents at Morgan Stanley's Virtual Financials, Payments and CRE Conference (Transcript)
The Blackstone Group Inc. (BX) Morgan Stanley’s Virtual Financials, Payments and CRE Conference Transcript June 15, 2021, 1:15 PM ET Executives Michael Chae - Chief Financial Officer Analysts Mike Cyprys - Morgan Stanley Presentation Mike Cyprys Before we get started, I’ve been asked to direct your attention to important disclosures...
Buyers continue to control the Street.
Over the past three months, shares of Blackstone Group (NYSE: BX ) moved higher by 30.70%. Before we understand the importance of debt, let us look at how much debt Blackstone Group has. Blackstone Group''s Debt According to the Blackstone Group''s most recent balance sheet as reported on May 7, 2021, total debt is at $5.63 billion, with $5.57 billion in long-term debt and $58.05 million in current debt. Adjusting for $2.97 billion in cash-equivalents, the company has a net debt of $2.66 billion. Let''s define some of the terms we used in the paragraph above. Current debt is the portion of a company''s debt which is due within 1 year, while long-term Full story available on Benzinga.com
U.S. real estate seems to be in a perpetual climb, and as it rockets higher, ETF investors can look to other parts of the globe with funds like the FlexShares Global Quality Real Estate Index Fund (GQRE). Per a Bloomberg report, Blackstone Group Inc. President Jon Gray has some advice for investors looking to make sense of the  The post As Real Estate Rockets Upward, Grab International Exposure with GQRE appeared first on ETF Trends .
RESTON, Va.--(BUSINESS WIRE)--Blackstone (NYSE: BX) (Blackstone) and Vista Equity Partners (Vista) today announced that private equity funds managed by those firms have agreed to acquire Ellucian (the Company), a leading higher education technology solutions provider, from TPG Capital, the private equity platform of global alternative asset firm TPG, and Leonard Green & Partners, L.P. (LGP). Blackstone and Vista will invest in Ellucian through their respective long-term private equi
The Blackstone Group Inc. with ticker code (BX) now have 13 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 102 and 77 and has a mean target at 92.54. Now with the previous closing price of 93.66 this would indicate that there is a downside of -1.2%. There is a 50 day moving average of 90.13 while the 200 day moving average is 74.35. The market cap for the company is $67,843m. Company Website: /> [stock_market_widget type="chart" symbol="BX" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public d...