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
Trump versus the Traitors on Capitol Hill
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Donbass referendum: Putin’s bright move to force Ukraine to obey
Putin makes first public comment on Russian pension reform
Russia disposes of US government bonds to buy more gold
Putin makes first public comment on Russian pension reform
Putin makes first public comment on Russian pension reform
Putin signs decree to abolish secret Novichok lab in Russia
Americans obtain secret information about Russia’s new Avangard missiles
Putin makes first public comment on Russian pension reform
Donbass referendum: Putin’s bright move to force Ukraine to obey
Melania Trump starstruck when shaking hands with Putin
Melania Trump starstruck when shaking hands with Putin
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Trump versus the Traitors on Capitol Hill
Trump versus the Traitors on Capitol Hill
Donbass referendum: Putin’s bright move to force Ukraine to obey
Serbia will recognize Kosovo only over its dead body
The Big Brexit mistake