- Reuters•4 hours ago
Ping An Insurance Group Co of China Ltd , the country's second-largest insurer, has seen some of its outbound M&A deals impacted by Beijing's measures to stem capital outflows, its group chief financial officer (CFO) said on Friday. After facing difficulties converting yuan into foreign currencies and shifting capital offshore, Ping An is seeking to raise debt capital in overseas markets in a bid to overcome the funding issues, CFO Jason Yao said. "The Chinese government's move to tighten capital outflows has an impact on Ping An in the short-term," Yao said, as it has become more difficult to purchase foreign currency.
- American City Business Journals•20 hours ago
The IPO of Denver-based cybersecurity company Optiv Security Inc. has been canceled and it will stay privately held after private equity firm KKR became the majority owner of the business. Optiv and New York City-based KKR announced a definitive agreement for the purchase Tuesday morning. The purchase reverses Optiv’s plan to go public on the New York Stock Exchange in coming weeks.
- American City Business Journals•21 hours ago
The Hyatt Regency Pier Sixty-Six in Fort Lauderdale has been sold by an affiliate of Blackstone Group for $163.27 million to Orlando-based Tavistock Development Co. The 22.7-acre property along the Intracoastal Waterway at 2300 and 2301 S.E. 17th Street is one Broward County’s most prominent hotel and conference centers, and it could be redeveloped under a plan recently approved by the city. Blackstone (BX) affiliate 2301 SE 17th St. LLC sold the property to Pier 66 Ventures, part of Tavistock Development in an all-cash deal.
BX : Summary for The Blackstone Group L.P. Commo - Yahoo Finance
The Blackstone Group L.P. (BX)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||29.80 x 100|
|Ask||29.85 x 200|
|Day's Range||0.00 - 0.00|
|52 Week Range|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||24.84|
|Dividend & Yield||1.64 (6.21%)|
|1y Target Est||N/A|