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BX Blackstone Inc

117.51
0.90 (0.77%)
Last Updated: 17:39:58
Delayed by 15 minutes
Share Name Share Symbol Market Type
Blackstone Inc NYSE:BX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.90 0.77% 117.51 119.25 115.82 116.54 1,148,914 17:39:58

Blackstone Tactical Opportunities Closes $400 Million Investment in FireEye

11/12/2020 4:30pm

Dow Jones News


Blackstone (NYSE:BX)
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By Chris Wack

 

FireEye Inc. said Friday that the $400 million strategic investment led by funds managed by Blackstone Tactical Opportunities has closed.

Blackstone was joined by ClearSky, a cyber security-focused investment firm, as a co-investor in the transaction.

FireEye said Viral Patel, a senior managing director of Blackstone, and Art Coviello, former chief executive officer of RSA Security, have been appointed to the FireEye board of directors.

Blackstone and ClearSky purchased 400,000 shares of FireEye's newly designated 4.5% series A convertible preferred stock, with a purchase price of $1,000 a share, for $400 million. The series A preferred stock will be convertible into shares of FireEye's common stock at a conversion price of $17.25 per share, subject to certain customary adjustments.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

December 11, 2020 11:15 ET (16:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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