Bruce Wrobel, a prominent American investor in Africa who until recently ran Blackstone's Sithe unit, has died.» Read More
FRANKFURT, Dec 10- German property company Deutsche Annington is close to an agreement to buy Vitus Immobilien, a German residential landlord partly owned by Blackstone Group, Bloomberg reported.
HONG KONG, Dec 9- KKR& Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.
*Blackstone not selling shares; to retain 76.2 pct stake. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group's investment. Blackstone has invested about $6.8 billion in Hilton and its 76.2 percent stake after the IPO will be worth up to $15.7 billion.
Hilton said its IPO would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
*Deutsche, Goldman Sachs, BofA and Morgan Stanley lead underwriters. Dec 2- Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
Dec 2- Food services provider Aramark Holdings Corp said it expects to price its initial public offering at between $20 and $23 per share, valuing the company at about $5.3 billion. Aramark was taken private in 2006 for $8.3 billion by chairman Joseph Neubauer and private equity investors including GS Capital Partners, JP Morgan Partners and Warburg Pincus.
Dec 2- Hotel operator Hilton Worldwide Inc, controlled by private equity firm Blackstone Group LP, said its initial public offering would raise up to $2.37 billion, valuing the company at about $20.7 billion.
NEW YORK-- Hilton Worldwide Holdings Inc. plans to offer approximately 112.8 million shares in an initial public offering of its common stock, returning to the public markets about six years after it went private. The McLean, Va.- based company plans to use the net proceeds from the offering and available cash to repay about $1.25 billion of debt.
Dec 2- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, said it would raise as much as $2.37 billion from an initial public offering of its shares.
RIO DE JANEIRO, Nov 27- Brazilian tycoon Eike Batista's oil company, OGX, lost 2.12 billion reais in the third quarter as it scrambled to start output from an offshore oil field that represents one of its last chances to remain afloat.
Nov 27- CVS Caremark Corp will buy drug infusion services provider Coram LLC for $2.1 billion, allowing the company to bolster its pharmacy benefits management business by offering cost-effective delivery of specialty drugs.
Some of the names on the move ahead of the open.
SINGAPORE, Nov 27- London copper was little changed on Wednesday as markets lost direction ahead of Thanksgiving holidays in the United States, but prices were on track for their biggest monthly fall since June on expectations of improving supply.
NEW YORK/ TORONTO, Nov 26- Teck Resources Ltd, Newmont Mining Corp, private equity firm Blackstone Group LP and a firm led by the former head of Barrick Gold are working together on a bid for Glencore Xstrata's Las Bambas copper mine in Peru, according to several people familiar with the matter.
NEW YORK, Nov 26- Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc's water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion.
By starting sales on Thanksgiving rather than Black Friday, and other strategies, retailers hope to dampen the dangerous frenzy of prior years.
U.S. single-family home prices rose in September and posted their strongest annualized gain in 7-1/2 years, a closely watched survey said on Tuesday.
NEW YORK, Nov 25- At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.
A new region has recently taken over as the most attractive emerging market, according to a recent survey, and the returns are proving it.
Talking Squawk showcases your favorite bands, the Obamacare mess and top stock pickers, while providing tidbits, insights and sarcastic reflections.