|Bid||33.35 x 3000|
|Ask||33.45 x 1400|
|Day's Range||33.20 - 33.68|
|52 Week Range||26.88 - 40.60|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||14.76|
|Earnings Date||Apr 17, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||2.32 (6.99%)|
|1y Target Est||39.77|
BRUSSELS, Feb 18 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- France's Engie and BPCE Group to ...
Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24's management and supervisory board supported the sweetened bid of 46 euros a share. Last month, the German company rejected an offer of 43.50 euros per share.
It’s low on borrowed money and doesn’t even involve buying out all the target’s shareholders. The duo want to buy Scout24 AG, German a classifieds group they previously owned and took public in 2015. The knock-on effects for the likes of Scout24 are hard to predict.
The sweetened 46 euro-a-share bid from Hellman & Friedman and Blackstone Group LP -- which gives Scout24 an equity value of 4.9 billion euros -- will help the company better challenge rivals and grow across Europe, Scout24 Chief Executive Officer Tobias Hartmann said. The offer reflects a "joint long-term vision and ambition to turn Scout24 into a leading European digital player,” Hartmann said in a statement.
Hellman & Friedman and Blackstone have offered to buy online classifieds group Scout24 for 5.7 billion euros ($6.4 billion), including debt, potentially the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24's management and supervisory board support the sweetened bid of 46 euros a share, which the private equity firms said represented a premium of 27 percent to Scout24's unaffected share price.
German internet portal Scout24 said on Friday it will pursue a takeover offer by a consortium of finance investors Hellman & Friedman and Blackstone. The consortium, called Pulver BidCo, would act as a holding company jointly controlled by funds advised by Hellmann & Friedman and affiliates of the Blackstone Group, it said in an adhoc statement. Pulver BidCo was offering 46 euros per Scout24 share in cash to all shareholders.
India's cash-starved residential real estate market is set to get a boost from foreign and domestic private equity firms, which are lining up big bets worth hundreds of millions of dollars for the sector. The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off. Private equity firms are now swooping in to buy assets at attractive valuations, say industry insiders, as regulatory changes and a more dovish monetary policy outlook bode well for the sector.
that would return the German online classifieds company to its former private equity owners. a €43.50 per share bid from H&F and Blackstone. If this bid is accepted by shareholders, ownership of the company will revert to the two lead investors who floated Scout24 three years ago.
The novelist Richard Ford wrote that a market economy works not by giving people what they want, but by persuading them to feel good about having whatever happens to be available. Fully 80 per cent of the money that changed hands there last year was extended under what are known as “covenant lite” loans, a polite term for lending contracts that have had most of the investor protections ripped out. The safeguards in question are legal clauses that once enabled investors to grab the wheel if a company missed its financial forecasts or made other wrong turns.
Blackstone Group LP (BX), the world's largest and most diversified alternative asset manager, is a strong buy, asserts Crista Huff, growth and income expert and editor of Cabot Undervalued Stocks Advisor.
NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today reported its fourth quarter and full year 2018 results. Net income for the fourth quarter was $74 million, or $0.61 per share, and for the full year was $285 million, or $2.50 per share. Stephen D. Plavin, Chief Executive Officer, said, "A strong fourth quarter capped an extraordinary year for BXMT.
Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million (116 million pounds) commitment, two sources familiar with the matter said on Tuesday. Wertentheil is launching Jones Road Capital Management with roughly $300 million in assets, including the capital from Blackstone, plus money from Eric Mindich, his former boss at Eton Park, and an unidentified endowment, said one of the sources. New York-based Jones Road will concentrate on special situations investments in the corporate credit, government credit and equities markets, among others, the sources said.
Blackstone Group and Stonepeak Infrastructure Partners are circling communications infrastructure company Zayo Group Holdings Inc. once again. Previously, Zayo rejected a $6 billion-plus offer from the Blackstone-led consortium (NYSE: BX), which also includes KKR & Co.
After two years of declines, the region experienced growth in foreign direct investment last year, thanks to a revival of interest in South Africa and a more stable environment in Egypt. New York-based Blackstone Group LP is scaling back in Africa after less than five years. Bob Diamond, the former Barclays Plc chief, is turning his attention elsewhere after six years of struggle to get his banking venture off the ground.
Moody's Investors Service ("Moody's") affirmed the B3 Corporate Family Rating and B3-PD Probability of Default Rating for Ascend Learning, LLC ("Ascend Learning") following the company's proposed $300 million senior unsecured notes issuance. At the same time, Moody's upgraded the company's existing first lien senior secured credit facilities to Ba3 from B2 and affirmed the Caa2 rating on its existing $300 million senior unsecured notes due 2025. Additionally, Moody's assigned a Caa2 rating to the proposed $300 million senior unsecured notes due 2025.
The Federal Reserve is sounding alarms on the growing risks from loans to companies with poor credit ratings. "Someone's going to get hurt there," JPMorgan CEO Jamie Dimon said of the junk-loan market on a conference call last month.
Stuart Roden, a former chairman of Lansdowne Partners, is also backing Tresidor and will join as a non-executive chairman, the person said, asking not to be identified because the information is private. Spokesmen for Blackstone and Tresidor declined to comment.
A private equity consortium led by Blackstone Group LP and Hellman & Friedman LLC and a group that includes Advent International and Goldman Sachs Group Inc's buyout arm have advanced to the second round of bidding for Nielsen Holdings Plc, people familiar with the matter said on Friday. Nielsen said in September it would expand a review of strategic alternatives to include a sale of the entire television ratings company after coming under pressure to do so from hedge fund Elliott Management Corp, which in August reported it owned up to 8.4 percent of the company's shares. Private equity firms Apollo Global Management LLC and Bain Capital LP also went to the next round of bidding in the Nielsen auction, which is expected to be completed by March, the sources said.
A private equity consortium led by Blackstone Group LP and Hellman & Friedman LLC, as well as a grouping comprising Advent International and Goldman Sachs Group Inc's buyout arm, are through to the second round of bidding for Nielsen Holdings Plc, people familiar with the matter said on Friday. Nielsen said in September it would expand a review of strategic alternatives to include a sale of the entire TV ratings company, after coming under pressure to do so from hedge fund Elliott Management Corp. Private equity firms Apollo Global Management LLC and Bain Capital LP are also through to the next round of bidding in the auction for Nielsen, which is expected to be completed by March, the sources said.
The company's co-CEOs previously built and led the Permian Basin commercial water infrastructure platform for Anadarko and Western Gas.