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| 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 | |
|---|---|---|---|---|---|---|---|---|
| 2.75 | 2.31% | 121.735 | 122.0019 | 120.61 | 121.50 | 623,723 | 14:47:35 |
From May 2019 to May 2024
--Blackstone Group Inc. is in exclusive talks to take Hong Kong-listed developer SOHO China Ltd. private in a $4 billion deal, Reuters reports, citing unnamed sources.
--The U.S. private equity firm offered 6 Hong Kong dollars (US$0.77) per share, which is nearly a 100% premium to the HK$3.03 average price of SOHO China's shares in January, Reuters says.
--Blackstone would also take over the debt of SOHO China, which stood at 32.68 billion yuan (US$4.70 billion) as of the end of June 2019, and details of the privatization plan are expected to be finalized in the coming weeks, according to the report.
Full story: https://reut.rs/2TD9zYK
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
March 09, 2020 23:44 ET (03:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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