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Blackstone Real Estate Acquires Bluerock Residential Growth In $3.6 Bln All-cash Deal
(RTTNews) - Blackstone, Inc. (BX) announced Thursday that affiliates of Blackstone Real Estate have completed the previously announced acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share in an all-cash transaction valued at $3.6 billion.
Bluerock has also completed the previously announced spin-off of its single-family rental business into an externally managed, real estate investment trust, Bluerock Homes Trust, Inc. (BHM). BHM began trading on the New York Stock Exchange American this morning.
In December 2021, Bluerock Residential Growth agreed to be acquired by Blackstone Real Estate.
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Blackstone To Acquire Majority Stake In Priority Software For Undisclosed Terms
Blackstone, Inc. (BX) announced Thursday that Blackstone Growth and affiliated funds have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. The terms of the deal were not disclosed.
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Blackstone To Acquire Civica For Undisclosed Financial Terms
Alternative asset manager Blackstone, Inc. (BX) announced Wednesday that private equity funds managed by its affiliates have entered into a definitive agreement to acquire software company Civica, from private markets firm Partners Group, acting on behalf of its clients.
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Prologis To Acquire About 14 Mln Sq. Ft. Of Blackstone Industrial Portfolio In $3.1 Bln Cash Deal
Prologis, Inc. (PLD) and Blackstone (BX) announced Monday a definitive agreement for Prologis to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion in cash.
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European Shares Seen Little Changed At Open
European stocks are seen opening narrowly mixed on Thursday as investors look ahead to the European Central Bank's monetary policy announcement later in the day.
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Sensex, Nifty Open Higher Ahead Of RBI Meet
Indian shares traded higher on Thursday as weak U.S. economic data reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
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European Economic News Preview: ECB To Cut Interest Rates
The European Central Bank is widely expected to cut its interest rates on Thursday after inflation fell below the 2 percent target in May. Markets expect the bank to lower the deposit rate by another 25 basis points to 2.00 percent. The bank has reduced the policy rates by a quarter points each in every rate-setting session since September.
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Australian Market Slips To Slight Losses In Mid-market
The Australian market is slipping to slight losses in mid-market moves on Thursday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,550 level, with by weakness in energy and financial stocks partially offset gains in iron ore miners and some technology stocks.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, amid optimism about the outlook for interest rates after the release of some weaker than expected U.S. economic data, which raised concerns about the strength of the economy. Asian markets closed mostly higher on Wednesday.
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