Today | ||||
Periodicals
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Blackstone sheleves sale of Mphasis stake, Bloomberg reports »
08:16 03/08/21 03/0808:16 03/08/2108:16
BX
Blackstone
Blackstone has called off… Story temporarily locked. ShowHide Related Items >><<
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Friday | ||||
On The Fly
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Fly Intel: Wall Street's top stories for Friday »
16:54 03/05/21 03/0516:54 03/05/2116:54
COST
Costco
Broadcom
Virgin Galactic
Norwegian Cruise Line
Carnival
Royal Caribbean
Johnson & Johnson
Robinhood
Nasdaq
Sify Technologies
Blackstone
Waitr Holdings
Medallia
Certara
Equity futures climbed in… ShowHide Related Items >><<
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On The Fly
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Fly Intel: Wall Street's top stories at midday »
11:59 03/05/21 03/0511:59 03/05/2111:59
AVGO
Broadcom
Costco
Virgin Galactic
Johnson & Johnson
Norwegian Cruise Line
Carnival
Royal Caribbean
Sify Technologies
Blackstone
Waitr Holdings
Medallia
Certara
Equity futures climbed in… ShowHide Related Items >><<
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Periodicals
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Blackstone in talks to buy minority stake in Sify Technologies, Bloomberg says »
07:50 03/05/21 03/0507:50 03/05/2107:50
BX
Blackstone
Sify Technologies
Blackstone (BX) is in… Blackstone (BX) is in exclusive discussions to buy a minority stake in India's Sify Technologies (SIFY), Bloomberg's Gillian Tan and Cathy Chan report, citing people with knowledge of the matter. Sify is seeking a valuation of around $1B-$1.2B in a transaction, the people say. Reference Link ShowHide Related Items >><<
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Over a week ago | ||||
Hot Stocks
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Fly Intel: Top five weekend stock stories »
20:12 02/21/21 02/2120:12 02/21/2120:12
UAL
United Airlines
Boeing
Japan Airlines
ANA Holdings
Kohl's
Oracle
Amazon.com
Microsoft
Alphabet
Alphabet Class A
Bank of America
Blackstone
Catch up on the… Catch up on the weekend's top five stories with this list compiled by The Fly: 1. A United Airlines (UAL) flight with 241 people on board experienced engine failure over Broomfield, Colorado, on Saturday afternoon, shedding debris across three neighborhoods before landing safely in Denver, The New York Times' Christopher Mele reported. There were no injuries reported, officials said. The F.A.A. said the plane, a Boeing (BA) 777-200, experienced "a right-engine failure" shortly after takeoff and that it was aware of reports of debris "in the vicinity of the airplane's flight path." Following the incident, Japan Airlines (JAPSY) and ANA Holdings (ALNPY) have been ordered to ground their Boeing 777 planes, Bloomberg's Peter Vercoe reported. Japan's transport ministry ordered the grounding Sunday while safety checks are conducted, the author noted. Meanwhile, the Federal Aviation Administration said late Sunday it was ordering immediate inspections of Boeing 777 aircraft equipped with the type of engine that broke apart in the air and scattered debris over a Colorado town over the weekend, The Wall Street Journal's Alison Sider and Andrew Tangel reported. "This will likely mean some airplanes will be removed from service," FAA Administrator Steve Dickson said. United Airlines also said late Sunday it will immediately halt all flights by its fleet of 24 Boeing 777 airplanes with the same type of engine involved in Saturday's emergency landing in Denver, according to Reuters. 2. A group of activist investors has a big stake in Kohl's (KSS) and is attempting to take control of the department-store chain's board, The Wall Street Journal's Cara Lombardo reported, citing people familiar with the matter. A group that includes activists Macellum Advisors GP, Ancora Holdings and Legion Partners Asset Management, as well as 4010 Capital, controls a combined 9.5% stake in Kohl's and earlier this year nominated nine people to its now-12-person board, the people said. 3. Oracle (ORCL) is starting to "flex its muscles in cloud computing," as its public cloud offering takes on Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOG) in a market arguably worth trillions of dollars, Eric Savitz wrote in this week's edition of Barron's. And yet Oracle shares look like a bargain compared to their higher-priced peers, the author contended. 4. The White House has been reaching out to social media companies including Facebook (FB), Twitter (TWTR) and Alphabet's Google about clamping down on COVID misinformation and getting their help to stop it from going viral, Reuters' Nandita Bose reported, citing a senior administration official. President Joe Biden has made inoculating Americans one of his top priorities and called the move "a wartime effort." But tackling public fear about taking the vaccine has emerged as a major impediment for the administration, the author noted. 5. Bank of America (BAC) and Blackstone (BX) saw positive mentions in this week's edition of Barron's. ShowHide Related Items >><<
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Periodicals
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Blackstone quietly invested in Life Sciences, bet could pay off, Barron's says »
10:09 02/20/21 02/2010:09 02/20/2110:09
BX
Blackstone
The pandemic put life… The pandemic put life sciences in the headlines, but Blackstone had been quietly building a multibillion-dollar stake in the business for the better part of a decade, Liz Moyer writes in this week's edition of Barron's. The firm has poured money into a broad range of drug companies and device makers, biopharma start-ups, and cutting-edge research, through equity investments and loans. And it has emerged as a leading landlord of laboratory space, the author notes. If Blackstone succeeds in life sciences, the company could not only lift its own fortunes but also provide a road map for other big investors in the increasingly prominent field, the publication adds. Reference Link ShowHide Related Items >><<
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Over a month ago | ||||
Hot Stocks
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Blackstone to acquire Interior Logic Group for roughly $1.6B »
16:00 02/01/21 02/0116:00 02/01/2116:00
BX
Blackstone
Blackstone announced that… Blackstone announced that private equity funds managed by Blackstone have reached a definitive agreement to acquire Interior Logic Group Holdings, LLC from Littlejohn & Co. LLC, Platinum Equity and other equity holders, for a total transaction value of approximately $1.6B. ILG is a data-driven and technology-enabled provider of interior design, supply chain and installation management solutions to several of the nation's largest single-family homebuilders. The company delivers to homebuilders and prospective homeowners critical information and support during the journey of moving into a new home, and utilizes technology, data, design expertise and supplier relationships to help enable buyers to complete their home purchases. ILG operates across 37 states, providing its capabilities to help enable the completion of nearly 100,000 homes per year. The transaction is subject to customary closing conditions, and is expected to close in the second quarter of 2021. RBC Capital Markets, LLC served as sole financial advisor to Blackstone. Kirkland & Ellis LLP is serving as legal advisor to Blackstone. Committed debt financing for the transaction is being provided by Citi and Goldman Sachs & Co. Citi served as lead financial advisor and Goldman Sachs & Co. and BofA Securities also served as financial advisors to ILG. Sheppard, Mullin, Richter & Hampton LLP is serving as legal advisor to Littlejohn and Platinum Equity and Alston & Bird LLP is serving as finance counsel. ShowHide Related Items >><<
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Periodicals
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Blackstone to acquire Interior Logic for $1.6B, Bloomberg reports »
15:22 02/01/21 02/0115:22 02/01/2115:22
BX
Blackstone
Blackstone is buying… Blackstone is buying Interior Logic Group for about $1.6B including debt, preempting the company's initial public offering and bolstering a bet on single-family housing, Bloomberg's Melissa Karsh reports. Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker "ILG," the author notes. Reference Link ShowHide Related Items >><<
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Hot Stocks
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Blackstone to buy Interior Logic Group for $1.6B including debt, Bloomberg says »
15:07 02/01/21 02/0115:07 02/01/2115:07
BX
Blackstone
Bloomberg cites an… Bloomberg cites an emailed statement on the deal. ShowHide Related Items >><<
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Recommendations
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Blackstone price target raised to $72 from $63 at BMO Capital »
09:40 01/28/21 01/2809:40 01/28/2109:40
BX
Blackstone
BMO Capital analyst James… BMO Capital analyst James Fotheringham raised the firm's price target on Blackstone to $72 from $63 but keeps a Market Perform rating on the shares. The company posted a "truly spectacular" quarter with accelerating growth in Fee Related Earnings as well as in realizations and deployment, but the stock is trading roughly in line with his estimate of intrinsic value, the analyst tells investors in a research note. ShowHide Related Items >><<
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