New York, October 1, 2015. Blackstone (NYSE:BX) and PJT Partners Inc. (NYSE:PJT) today announced the successful completion of the previously announced spin-off of Blackstone's financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses, which have been combined with PJT Capital LP, a global independent financial advisory firm founded by Paul J. Taubman, to form an independent, publicly traded company called PJT Partners Inc ('PJT Partners'). Blackstone common unitholders of record as of the close of business on September 22, 2015 (the 'record date') received one share of Class A common stock of PJT Partners for every 40 common units of Blackstone held on the record date. The spin-off has been structured to be tax-free to Blackstone's common unitholders for U.S. Federal income tax purposes, except to the extent of any gain or loss recognized by a common unitholder as a result of any cash received in lieu of fractional shares. Common unitholders are urged to consult their tax advisors with respect to U.S. federal, state, local and non-U.S. tax consequences of the spin-off.
'Regular way' trading of shares of Class A common stock of PJT Partners Inc. begins today on the New York Stock Exchange under the ticker symbol 'PJT.' Blackstone common units continue to trade on the New York Stock Exchange under the ticker symbol 'BX.'
The world’s largest private equity investor Blackstone Group is close to acquiring IT firm Mphasis in an over $1-billion deal, outbidding two other strong contenders — Apollo Global Management and Tech Mahindra. It will buy out Hewlett-Packard’s (HP’s) 60.5% stake in the Benga ...
Private equity giant Blackstone Group's imminent deal to acquire IT services company Mphasis will come at a substantial discount to the prevailing market value, people directly familiar with the matter said.
ja nicht verdient, dass hier im Forum so wenig los ist. Bei der Quartalsdividende hätte es woanders Jubelstürme gegeben. M.E. ärgert sich Schwarzmann zurecht, dass der Kurs bei dieser Divi nicht höher steht. Vielleicht weil es so lange dauert, bis die Divi auf dem Konto ist.