The world's largest management company in the field of alternative investments, Blackstone Group, announced the conclusion of an agreement on the acquisition of the real estate investment fund Gramercy Property Trust for 7.6 billion dollars. The deal assumes that Blackstone will pay $27.5 per share for Gramercy. This amount exceeds the quotes at the closure of trading on May 4 by 15%. In addition, Gramercy shareholders will receive dividends for the second quarter of 38 cents per share. The deal was unanimously approved by the Gramercy board of directors. It is planned to be closed in the second half of 2018.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...