The Blackstone Group Inc. (NYSE:BX – Get Rating) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price […]
Shares of The Blackstone Group Inc. (NYSE:BX – Get Rating) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year […]
Equities analysts forecast that The Blackstone Group Inc. (NYSE:BX – Get Rating) will post sales of $3.30 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for The Blackstone Group’s earnings. The lowest sales estimate is $2.80 billion and the highest is $3.80 billion. The Blackstone Group posted sales […]
EAST ST. LOUIS – Plaintiff lawyers hurled a personal attack on Blackstone Investment Group CEO Stephen Schwarzman in a proposed class action proceeding in federal court.
Leading investment firm Blackstone on Monday announced to acquire a controlling stake in IT services firm Mphasis for up to $2.8 billion. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share and the purchase consideration will vary between Rs 152 billion to Rs 210 billion (approximately $2 billion to $2.8 billion), Blackstone said in a statement. Mphasis is backed by strong secular tailwinds as global enterprises increasingly migrate to the cloud. The company is exceptionally well-positioned given a terrific management team, strong order backlog, long-term strategic customer base, deep domain expertise in financial services, and a world-class suite of cloud and digital offerings, said Amit Dixit, Co-Head of Asia Acquisitions and Head of India for Blackstone Priva