Source Pravda.Ru

Blackstone repurchase shares, buys GSO Capital Partners LP for 930 M dollars

By Alex Steblinina. Blackstone Group LP will acquire GSO Capital Partners LP for $930 million and repurchase shares for as much as $500 million, the asset management firm said Thursday.

The company will pay $620 million in advance in cash and stock and up to an additional $310 million over the next five years based on meeting certain earnings targets, the AP reports.

Blackstone Group L.P. is a private equity and investment management firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman.

The company is based in New York City, with offices in Atlanta, Boston, London, Hamburg, Paris, Mumbai and Hong Kong.

One of the world's largest private equity firms, it is part of the migration of companies from public to private hands — a total of some US$370 billion in deals in the United States in 2006.

In recent years Blackstone has made significant investments in the hotel and commercial real estate industries by buying and taking private seven large publicly-traded firms.

Comments
Russian poultry stuffed with antibiotics and dangerous bacteria
Keys to understanding the world from Feminism - Science and Feminism
Sheep disrupt the work of US missile defences in Romania
The Large Families that rule the world
Russians name their biggest sexual taboos
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Ukraine suspicious about Russia's intention to give away rusty ships to Kiev
Keys to understanding the world from Feminism - Science and Feminism
You're invited to death penalty: Barbaric traditions of world's most progressive states
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Russian poultry stuffed with antibiotics and dangerous bacteria
Americans declassify plans to drop 466 nuclear bombs on USSR
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Russia's and China's gold may end global domination of US dollar
Unveiled: Secret Pentagon UFO program. From science fiction to science fact
Russian poultry stuffed with antibiotics and dangerous bacteria
Russia eyes opportunity to restore all Soviet bases that had to be abandoned after 1991
Call girl dies of asphyxia in bizarre sexual encounter
Call girl dies of asphyxia in bizarre sexual encounter
Call girl dies of asphyxia in bizarre sexual encounter