U.S. private equity firm Blackstone Group LP said on Thursday it would buy a con...
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Blackstone agrees to buy majority stake in Tallgrass Energy for about $3.3 billion in cashBlackstone Group L.P. said Thursday its Blackstone Infrastructure Partners unit has agreed to acquire a majority stake in Tallgrass Energy LP for about $3.3 billion in cash. Affiiates of the Singaporean sovereign wealth fund GIC will be a minority investor in the deal, which is expected to close in the first quarter. "This transaction represents a rare opportunity to invest in a large-scale U.S. midstream infrastructure platform that connects high-production supply basins to key markets and is underpinned by long-term contracts," Sean Klimczak, global head of infrastructure at Blackstone said in a statement. Blackstone shares were not yet active premarket, but have fallen 9.3% in the last 12 months, while the S&P 500 has fallen 5.1%.
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Blackstone to take controlling interest in Tallgrass Energy for $3.3 billionPrivate equity firm Blackstone Group LP said it would buy a controlling interest...
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NYC to Pay $3.3 Million to Family of Teen Who Languished at Rikers IslandThe city didn’t acknowledge wrongdoing in the settlement. The lawyer who represents Mr. Browder’s estate said the settlement was fair and reasonable.
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New York City Reaches $3.3 Million Settlement With Kalief Browder's FamilyBrowder endured nearly three years on Rikers, most of it in solitary confinement, awaiting trial that never happened. He committed suicide in 2015. His death led to nationwide criminal justice reform.
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Blackstone Posts Fourth-Quarter Loss, Hurt by Falling MarketsBlackstone reported a quarterly loss, its first since the third quarter of 2015, as volatile markets hurt the value of its private-equity investments.
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Blackstone earnings sink 42 percent on lower fees; managed assets hit recordBlackstone fourth-quarter distributable earnings down 42 percent on year at $722 million
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Potential global cyber attack could cause $85 billion-$193 billion worth of damage: reportA co-ordinated global cyber attack, spread through malicious email, could cause ...
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