20.7 C
New York
Tuesday, August 16, 2022
HomeBusiness NewsFinancial Sector Stocks in Focus- The Blackstone Group L.P. (BX), Washington Prime...

Financial Sector Stocks in Focus- The Blackstone Group L.P. (BX), Washington Prime Group Inc (WPG), Glimcher Realty Trust (GRT)

Date:

Related stories

Silicon Valley Stunned by the Fulminant Slashed Investments

I actually first read this as alkalizing meaning effecting...

The Next Wave of Superheroes Has Arrived with Astonishing Speed

I actually first read this as alkalizing meaning effecting...

Watch Awesome Kate Halle Go Full Wiming Pro in the Bahamas

I actually first read this as alkalizing meaning effecting...

The Weirdest Places Ashes Have Been Scattered in New Zeeland

I actually first read this as alkalizing meaning effecting...

The Car Insurance Catch that can Double Your Cover in Two Months

I actually first read this as alkalizing meaning effecting...
spot_imgspot_img

The Blackstone Group L.P. (NYSE:BX) is planning to lift around $16B for its latest takeover fund, according to WSJ, quoting sources familiar with the matter. Blackstone Capital Partners VI involved several of the world’s leading private-equity investors, comprising the California Public Employees’ Retirement System as well as Canada Pension Plan Investment Board, the disclosures by these pension funds declared. The report showed that the company has already released marketing documents for Blackstone Capital Partners VII LP. Representatives at Blackstone were not right away available for comment outside regular U.S. business hours.

On the other side, Washington Prime Group Inc (NYSE:WPG) reported that it decided to purchase Glimcher Realty Trust (NYSE:GRT) in a stock as well as cash transaction worth at $14.20 a Glimcher common share. The total transaction worth, comparing the assumption of debt, is around $4.3B. Washington Prime Group WPG, has decided to purchase Glimcher Realty Trust GRT, in a stock-and-cash deal worth at $4.3B, including debt. The mutual firm will have a portfolio of 119 properties as well as around 68M square feet of gross leasable area, according to the firms in a joint statement. Glimcher shares jumped over around 30% in early trade, while Washington Prime Group shares were not yet active.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img