Tag: Blackstone

April 22, 2024 BY Elizabeth Anderson

Blackstone ups its Proposal in Bidding War for Hipgnosis

This offer comes after Hipgnosis – a London-listed music rights investment firm – accepted Concord’s proposal. The latest Blackstone tender is the fourth augmented bid and was made on Saturday, 20 April 2024. It reportedly outstrips the Concord offer by about 7%. The latter proposed a takeover price of $1.16, which Blackstone countered with an…

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lab
October 03, 2023 BY Elizabeth Anderson

Amicus Therapeutics strikes $430m strategic financing deal

This deal puts Amicus in a better position to increase its revenues and become a leading biotech in the field of rare diseases. Blackstone only requires interest-only payments until late 2026, with a maturity date of October 2029. Apart from debt refinancing, the money will also go towards continued operations. The President and Chief Executive…

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acquisition
July 29, 2019 BY Valentina Kirilova

London Stock Exchange Group to acquire Thomson Reuters' Refinitiv?

Information giant Thomson Reuters (NYSE:TRI) has confirmed last Friday that it and private equity funds affiliated with Blackstone are in discussions related to a possible acquisition of Refinitiv by the London Stock Exchange Group plc (LSEG). According to latest news, LSEG will acquire Refinitiv for a total enterprise value of approximately US$27 billion. New LSEG…

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Thomson Reuters Financial & Risk Business is now called Refinitiv
July 27, 2018 BY Valentina Kirilova

Thomson Reuters Financial & Risk Business is now called Refinitiv

Thomson Reuters Financial & Risk business has today announced that following the closing of the strategic partnership transaction between information giant Thomson Reuters (NYSE:TRI) and private equity funds managed by Blackstone, the Financial & Risk business will be known as Refinitiv. Closing of the transaction is expected to occur in the second half of 2018 and until…

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Thomson Reuters (NYSE:TRI)
January 30, 2018 BY Valentina Kirilova

Thomson Reuters in advanced talks to sell financial and risk business to Blackstone

Information giant Thomson Reuters (NYSE:TRI) said in a statement issued late on Monday that “it is in advanced discussions with Blackstone regarding a potential partnership in its F&R business.” According to an entry on a website popular with current and former Reuters staff, Thomson Reuters is in advanced discussions with the US private equity buyout firm…

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April 25, 2017 BY Valentina Kirilova

Toshiba starts taking bids for its Swiss unit Landis+Gyr

Japan's Toshiba Corp (TYO:6502) will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported today. Hitachi Ltd (OTCMKTS:HTHIY) and other Japanese firms are seen as possible bidders for the unit, Kyodo added. Toshiba had already hired UBS to explore a sale or an initial public offering…

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