BX - The Blackstone Group L.P.
| Previous Close | 31.80 |
| Open | 31.80 |
| Bid | 0.00 x 36200 |
| Ask | 0.00 x 900 |
| Day's Range | 31.52 - 32.08 |
| 52 Week Range | 29.57 - 37.52 |
| Volume | 2,894,101 |
| Avg. Volume | 4,863,825 |
| Market Cap | 38.001B |
| Beta | 1.59 |
| PE Ratio (TTM) | 16.39 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.40 (11.07%) |
| Ex-Dividend Date | 2018-02-09 |
| 1y Target Est | N/A |
- The Wall Street Journal•yesterday
[$$] Scurria's Take: Winner Not Clear in Goldman-Blackstone Swaps Deal
Inc. recently made peace with Blackstone Group Inc. over a controversial credit derivatives trade, a gentlemen’s agreement of sorts that lets both sides avoid a public confrontation. The deal between Goldman and Blackstone’s GSO Capital Partners LP resolves a high-stakes standoff over credit default swaps tied to Hovnanian, which borrowed money from GSO last year under an unusual arrangement.
- Bloomberg•2 days ago
Goldman and Blackstone Are Friends Again
The Wall Street giants had taken opposite sides of a bet on bonds issued by home builder Hovnanian Enterprises Inc. The trades, engineered by Blackstone’s GSO Capital Partners LP, involved the home builder intentionally skipping a small interest payment earlier this month in exchange for an attractive financing package from the private-equity house. Blackstone had bought insurance against a default, which would allow it to make money from the skipped interest payment. It bought this insurance, through what are known as credit-default swaps, from Goldman and others.
- Bloomberg•2 days ago
Blackstone, Goldman Move Forward on Hovnanian CDS Trade
Blackstone Group LP bought a portion of the credit-default swaps Goldman Sachs Group wrote on homebuilder Hovnanian. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas." (Source: ...
- The Wall Street Journal•2 days ago
[$$] Goldman, Blackstone Make Peace in Credit-Derivative Standoff
Goldman Sachs Group Inc. and Blackstone Group LP recently resolved a monthslong standoff over a controversial derivatives trade that had alarmed regulators and investors in the $11 trillion credit-default swaps market. The Wall Street giants had taken opposite sides of a bet on bonds issued by home builder Hovnanian Enterprises Inc. The trades, engineered by Blackstone’s GSO Capital Partners LP, involved the home builder intentionally skipping a small interest payment earlier this month in exchange for an attractive financing package from the private-equity house. Blackstone had bought insurance against a default, which would allow it to make money from the skipped interest payment.
- Zacks•4 days ago
Lasalle (LHO) Ends Buyout Battle, Accepts Blackstone's Offer
LaSalle Hotel Properties' (LHO) acquisition by Blackstone, in an all-cash deal, expected to provide a significant and certain premium to shareholders of the former.
- Simply Wall St.•4 days ago
The Blackstone Group LP. (NYSE:BX) Is Trading At A 7% Discount Right Now
BX operates in the capital markets sector, which has characteristics that make it unique to other industries. Understanding these differences is crucial when it comes to putting a value onRead More...
- Bloomberg•4 days ago
Blackstone Could Convert to C-Corp as Soon as 2019, Analyst Says
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. Blackstone could convert to the new structure as early as 2019, according to analyst Craig Siegenthaler. Blackstone didn’t immediately respond to a request for comment.
- Bloomberg•4 days ago
Blackstone Valuation May Jump 50% With C-Corp, Analyst Says
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. New York-based Blackstone would likely see a more than 50 percent improvement in its valuation and expand its investor base by converting to a C-corp, according to analyst Craig Siegenthaler. The private-equity firm could convert to the new structure as early as 2019, the note said.
- Reuters•5 days ago
LaSalle Hotel accepts Blackstone's $3.7 billion cash offer
(This May 21 story has been corrected to remove wrong reference to La Salle owning 'W' Los Angeles in paragraph 9) By Sanjana Shivdas (Reuters) - LaSalle Hotel Properties (LHO.N) decided to sell itself ...
- Reuters•5 days ago
LaSalle Hotel accepts Blackstone's $3.7 billion cash offer
LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust . Blackstone's offer ...
- The Wall Street Journal•5 days ago
[$$] Blackstone to Buy LaSalle Hotel Properties for $3.7 Billion
Blackstone Group LP, a large private-equity firm, has reached a deal to buy U.S. luxury hotel owner LaSalle Hotel Properties for about $3.7 billion, the companies said on Monday. Real-estate investment trust LaSalle owns 41 hotels in 11 U.S. markets which are operated by other hotel companies. Blackstone will pay $33.50 a share in cash.
- The Wall Street Journal•5 days ago
[$$] Blackstone Unit Objects to Gibson Brands Financing
GSO Capital Partners LP, the credit arm of Blackstone Group LP, objects to guitar maker Gibson Brands Inc.’s bankruptcy financing, saying it deprives it of a prepayment penalty while leaving it open to litigation. Gibson filed for bankruptcy earlier this month, with existing bondholders offering to provide financing to help the Nashville-based company get through its chapter 11 proceedings. Some of that cash is intended to pay off secured loans owed to GSO.
- InvestorPlace•5 days ago
Private Equity Funds Won’t Turn Investors Into Mr. Wonderful
Private equity has long served as a vehicle for outsized returns for the wealthiest investors. Most of us see this investment world through the television show Shark Tank. Unfortunately, securities laws prevent the majority of the population from investing like Mr. Wonderful.
- Benzinga•5 days ago
BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties
LaSalle Hotel Properties (NYSE: LHO) announced it has accepted a $3.7-billion all-cash acquisition offer from Blackstone Group LP (NYSE: BX), spurning a previous offer from Pebblebrook Hotel Trust (NYSE: PEB). The Blackstone deal amounts to a $33.50-per-share offer, lower than Pebblebrook’s offer that valued the company at $35.44.
- Investor's Business Daily•5 days ago
Merger Monday: Blackstone Wins LaSalle Hotel Battle; NextEra Energy, IHS Markit Clinch Deals
Blackstone will buy LaSalle Hotel Properties in a busy Monday for merger news. NextEra Energy, Fifth Third Bancorp, Roper Technologies and IHS Markit are other big names involved in M&A.
- InvestorPlace•5 days ago
LaSalle Hotel Properties Shares Jump on $4.8B Blackstone Buyout
LaSalle Hotel Properties (NYSE:LHO) shares were soaring Monday as the company has agreed to be acquired by private equity firm Blackstone Group LP (NYSE:BX). The deal tops Pebblebrook Hotel Trust’s (NYSE:PEB) attempt at buying LaSalle Hotel Properties as the real estate investment trust attempted to buy the company for $3.7 billion. The announcement arrived only three days after Blackstone had said that it would sell the last of its Hilton Worldwide Holdings shares, which are worth about $1.3 billion.
- Reuters•5 days ago
Data firm IHS Markit to buy Ipreo in $1.86 bln deal
Data firm IHS Markit Ltd said on Monday it will buy Ipreo from private equity funds Blackstone Group LP and Goldman Sachs Group Inc for $1.86 billion to expand its financial services operations. The deal is a windfall for the buyout arm of Blackstone and Goldman Sachs, which acquired Ipreo from KKR & Co LP in April 2014 for about $975 million.
- Fortune•5 days ago
Why Blackstone Is Buying LaSalle Hotel Properties
Blackstone is scooping another hotel group.
- American City Business Journals•6 days ago
Pebblebrook loses out to Blackstone in bid for LaSalle, but keeps fighting
Pebblebrook appears not to be taking this news lying down, issuing a statement Monday after the announcement declaring its previous offer to be of higher value to shareholders.
- The Wall Street Journal•6 days ago
[$$] LaSalle Hotel Properties Strikes $4.8 Billion Buyout Deal With Blackstone
Shares of LaSalle Hotel Properties ran up 5.2% in premarket trade Monday, after the real-estate investment trust agreed to be acquired by Blackstone Group LP in a deal valued at $4.8 billion.
Reuters•6 days agoLaSalle Hotel accepts Blackstone's $3.7 billion cash offer
By Sanjana Shivdas (Reuters) - LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook ...
- MarketWatch•6 days ago
LaSalle Hotel Properties' stock surges after $4.8 billion buyout deal with Blackstone
Shares of LaSalle Hotel Properties ran up 5.2% in premarket trade Monday, after the real estate investment trust agreed to be acquired by Blackstone Group LP in a deal valued at $4.8 billion. Under terms of the deal, Blackstone will pay $33.50 in cash for each LaSalle share outstanding, which is 7.1% above Friday's closing price of $31.29. "We are pleased to have reached this agreement with Blackstone, which we believe is in the best interests of our shareholders and represents the culmination of a thorough review of strategic alternatives," said LaSalle Chief Executive Stuart Scott.
- Bloomberg•6 days ago
Blackstone Agrees to $4.8 Billion LaSalle Hotel Deal
Blackstone Group LP has won the war for LaSalle Hotel Properties, but rival Pebblebrook Hotel Trust isn’t giving up the fight. Luxury-hotel owner LaSalle agreed to be bought by Blackstone for $33.50 a share in cash, or $4.8 billion including debt. After the deal was announced, Pebblebrook revealed it had made a fourth proposal -- which was among the bids rejected by LaSalle, according to people with knowledge of the matter -- that places a higher value on the company, $36.55 a share based on Pebblebrook’s current stock price.
- Bloomberg Video•2 days ago
Blackstone, Goldman Move Forward on Hovnanian CDS Trade
May.25 -- Blackstone Group LP bought a portion of the credit-default swaps Goldman Sachs Group wrote on homebuilder Hovnanian. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."
Yahoo Finance Video•5 days agoLaSalle Hotel says yes to Blackstone's $3.7 billion offer
LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust.
