Wednesday's big stock stories: What's likely to move the market in the next trading session
The S&P 500 and the Nasdaq Composite ended Tuesday higher, as shares of Nvidia lifted the indexes. Here's what's on CNBC's radar going into Wednesday.
Blackstone buys Jersey Mike's sandwich chain
Asset management firm Blackstone will become the majority owner of sandwich chain Jersey Mike's in a deal that values the company at a reported $8 billion.
Blackstone buys Jersey Mike's valuing sandwich chain at $8bn
Blackstone Inc (NYSE:BX) has bought sandwich chain Jersey Mike's in a deal said to value the sandwich chain at $8 billion. Private equity giant Blackstone announced on Tuesday that it had acquired a “majority ownership position” in Jersey Mike's.
Blackstone nears deal for Jersey Mike's Subs, source says
Buyout firm Blackstone is nearing a deal for Jersey Mike's Subs that would value the U.S. sandwich chain at around $8 billion, including debt, and could be announced as early as this week, a person familiar with the matter told Reuters on Monday.
Blackstone Nears Deal for Jersey Mike's Subs
The deal would value the closely held sandwich chain at around $8 billion, including debt.
Exclusive: Blackstone in advanced talks to acquire shopping center owner Retail Opportunity, sources say
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp , which owns U.S. shopping centers, according to people familiar with the matter.
OneSoft Solutions Inc. Announces the Completion of Its Acquisition by Irth Solutions LLC, a Blackstone Portfolio Company
EDMONTON, AB / ACCESSWIRE / November 1, 2024 / OneSoft Solutions Inc. (TSXV:OSS) ("OneSoft" or the "Company") is pleased to announce receipt of the final order from the Court of King's Bench in Alberta (the "Final Order") approving the previously announced plan of arrangement (the "Arrangement") with irth Solutions LLC and its wholly owned subsidiary irth Acquisition Corp. (collectively, "Irth"), a Blackstone portfolio company (the "Transaction"). The Transaction closed on November 1, 2024.
Exclusive: Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday.
Blackstone: Time To Take Profits
Blackstone reported strong 3Q24 results with profits up YoY, driven by asset management growth and asset inflows, reaching $1.1 trillion in AUM. Despite robust performance, Blackstone's valuation at 42x distributable earnings seems excessively high, making the risk/reward relationship less favorable. The dividend yield has compressed to 2%, down from 4.6%, further diminishing the attractiveness of the stock at current valuation levels.
Blackstone Analysts Increase Their Forecasts After Q3 Earnings
Blackstone Inc BX reported better-than-expected third-quarter financial results on Thursday.
Blackstone's Q3 Earnings Beat on AUM Growth, Shares Hit All-Time High
: Solid net inflows and a favorable operating backdrop drive BX's Q3 AUM balance higher. This supports the company's earnings.
Blackstone Stock Hits Record High as Assets Under Management Jump
Blackstone (BX) shares soared to a record high Thursday after the world's largest alternative asset manager reported its profit skyrocketed as a result of bringing in more investments.
