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BLACKSTONE INC.

(BX)
  Report
Real-time Estimate Cboe BZX  -  10:47 2022-12-02 am EST
82.78 USD   -2.66%
09:36aIs the job report good or bad news?
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08:29aMarketScreener's World Press Review: December 2, 2022
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08:21aBarclays Downgrades Blackstone to Equalweight From Overweight, Adjusts Price Target to $90 From $98
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Blackstone Reportedly in Talks to Acquire Select Emerson Assets

10/04/2022 | 05:48pm EST

Emerson Electric Co. (NYSE:EMR) is in talks with Blackstone Inc. (NYSE:BX) to sell at least part of its commercial and residential solutions business, according to people familiar with the matter. A deal could be valued at between $5 billion to $10 billion, depending on how much of the portfolio changes hands, said the people, who asked to not be identified because the talks are private.

No final decision has been made and discussions could fall through. If the transaction is agreed, it would mark a sizable private equity deal in an increasingly difficult environment. Tightening credit markets and slowing economic growth are keeping many buyout firms on the sidelines.

Representatives for Blackstone and Emerson declined to comment.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
BLACKSTONE INC. -3.57% 82.005 Delayed Quote.-34.28%
EMERSON ELECTRIC CO. -0.26% 95.395 Delayed Quote.2.87%
All news about BLACKSTONE INC.
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Analyst Recommendations on BLACKSTONE INC.
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Financials (USD)
Sales 2022 13 073 M - -
Net income 2022 6 665 M - -
Net Debt 2022 7 059 M - -
P/E ratio 2022 17,5x
Yield 2022 4,78%
Capitalization 64 234 M 64 234 M -
EV / Sales 2022 5,45x
EV / Sales 2023 5,20x
Nbr of Employees 3 795
Free-Float 99,2%
Chart BLACKSTONE INC.
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Blackstone Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends BLACKSTONE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 91,53 $
Average target price 104,03 $
Spread / Average Target 13,7%
EPS Revisions
Managers and Directors
Stephen Allen Schwarzman Chairman & Chief Executive Officer
Jonathan D. Gray Head-Real Estate
Michael S. Chae Chief Financial Officer
John Stecher Chief Technology Officer
Natasha Gopaul Managing Director-Legal & Compliance
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