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Fly News Breaks for August 5, 2019
BX
Aug 5, 2019 | 06:16 EDT
Barclays analyst Jeremy Campbell started Blackstone Group with an Overweight rating and $56 price target. Alternative investment strategies have a structural growth story, Campbell tells investors in a research note. Counter to active asset management, contends the analyst, there is continued demand for alternatives as an asset class.
News For BX From the Last 2 Days
BX
Sep 13, 2019 | 07:29 EDT
The board of London Stock Exchange Group plc, together with its financial and legal advisers, has now considered the "unsolicited, preliminary and highly conditional proposal" from Hong Kong Exchanges and Clearing Limited, or "HKEX," to acquire the entire share capital of LSEG. "The Board has fundamental concerns about the key aspects of the Conditional Proposal: strategy, deliverability, form of consideration and value. Accordingly, the Board unanimously rejects the Conditional Proposal and, given its fundamental flaws, sees no merit in further engagement. LSEG has today sent a letter to HKEX setting out the reasons for its rejection...LSEG remains committed to and continues to make good progress on its proposed acquisition of Refinitiv Holdings Ltd. Regulatory approval processes are under way and a circular is expected to be posted to LSEG shareholders in November 2019 to seek their approval of the transaction. The transaction remains on track to close in H2 2020," the company said. The Refinitiv business is currently owned by private equity funds managed by Blackstone (BX) and by Thomson Reuters (TRI).