Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Blackstone Group LP    BX

BLACKSTONE GROUP LP (BX)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Blackstone LP : Australia's Investa postpones meeting on Blackstone bid after rival ups offer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2018 | 02:23am CET
The logo for Australia's Investa Office Fund (IOF), a real estate investment trust, adorns the front of their office building in central Sydney

(Reuters) - Australian office owner Investa Office Fund said on Friday it would postpone a shareholder meeting regarding a takeover offer from private equity firm Blackstone after receiving a rival bid.

The company said it intended to seek judicial advice to adjourn the meeting set for Sept. 17, where it intended to solicit shareholders over a takeover offer from Blackstone. A new date for the meeting was yet to be determined.

Investa also said it would engage with Oxford Properties Group over a possible binding proposal after the Canadian landlord sweetened its bid for the company on Thursday.

Oxford had offered A$5.60 for each share in Investa, A$0.10 higher than Blackstone's offer and valuing Investa at A$3.35 billion.(1.84 billion pounds)

Blackstone had made a public A$3.08 billion play for Investa in May, and had increased its offer in August.

Then Oxford came in with a A$5.50 a share offer earlier this month. Trumping Oxford's first approach last week by 2 cents, Blackstone suggested its A$5.52 bid would be "best and final, in the absence of a superior proposal".

Under Australian takeover rules, bidders must wait four months to re-approach a target after declaring an offer unequivocally final.

A Blackstone spokeswoman in Sydney declined to comment.

(Reporting by Ambar Warrick in Bengaluru; Editing by Stephen Coates)

Stocks mentioned in the article
ChangeLast1st jan.
BLACKSTONE GROUP LP -0.12% 32.46 Delayed Quote.1.37%
INVESTA OFFICE FUND -0.18% 5.57 End-of-day quote.22.42%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BLACKSTONE GROUP LP
11/13Former IDG Communications CEO Friedenberg named Reuters News president
RE
11/13Former IDG Communications CEO Friedenberg named Reuters News president
RE
11/09WHITE HOUSE ADVISER NAVARRO TO WALL : Stay out of U.S.-China trade talks
RE
11/08BLACKSTONE LP : Sheldon Adelson watched midterms with Trump at White House
AQ
11/07BLACKSTONE LP : GROUP L.P. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CON..
AQ
11/06Thomson Reuters eyes 'substantive' purchases after Blackstone deal
RE
11/06Thomson Reuters eyes 'substantive' purchases after Blackstone deal
RE
11/06Swedish buyout firm EQT plans IPO, asks banks to pitch - sources
RE
11/05BLACKSTONE LP : EagleClaw Midstream, Blackstone Energy Partners, and I Squared C..
AQ
11/02BLACKSTONE LP : Statement of Changes in Beneficial Ownership
PU
More news
News from SeekingAlpha
11/15Clean Harbors Is Anti-Cyclical - Cramer's Lightning Round (11/14/18) 
11/14ROAD TO FINANCIAL INDEPENDENCE : Growing Dividends, Endless Opportunities But Li.. 
11/14MERGER UPDATES : B.Riley/magicJack Brought 7%+ In A Month. A Few New Deals. 
11/14My Favorite 5 Stocks Paying A Juicy Yield Over 5% 
11/13ClearBridge Dividend Strategy Portfolio Manager Commentary Q3 2018 
Financials ($)
Sales 2018 7 146 M
EBIT 2018 3 734 M
Net income 2018 2 897 M
Debt 2018 -
Yield 2018 6,95%
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 5,46x
Capi. / Sales 2019 5,10x
Capitalization 39 020 M
Chart BLACKSTONE GROUP LP
Duration : Period :
Blackstone Group LP Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BLACKSTONE GROUP LP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 43,7 $
Spread / Average Target 35%
EPS Revisions
Managers
NameTitle
Stephen Allen Schwarzman Chairman & Chief Executive Officer
Jonathan D. Gray President, Chief Operating Officer & Director
Kathleen Skero Finance Director & Principal Accounting Officer
Michael S. Chae Chief Financial Officer
Jay A. Leek Chief Information Security Officer
Sector and Competitors
1st jan.Capitalization (M$)
BLACKSTONE GROUP LP1.37%39 020
T. ROWE PRICE GROUP-8.63%23 072
LEGAL & GENERAL-10.79%18 642
HARGREAVES LANSDOWN2.66%11 257
AMUNDI-32.09%11 050
STANDARD LIFE ABERDEEN PLC-40.61%8 493