Blackstone Inc. has finalized its $6.2 billion acquisition of Crown Resorts Limited, its largest transaction in the Asia Pacific region, despite facing a 16.1% decline in share price over the past month. The firm's stock closed at $90.25, reflecting a modest 0.6% increase, while analysts continue to forecast earnings of $1.54 per share for the upcoming quarter. Additionally, Blackstone and the Benetton family have secured approval for their takeover offer of infrastructure group Atlantia, underscoring Blackstone's aggressive growth strategy in uncertain market conditions.
“Blackstone Inc. (BX) · closed · last trading session · 0.6% higher at $90.25”
“Blackstone Inc. (BX) · has returned · over the past month · -14.3%”
“consensus EPS estimate for Blackstone Inc. · has remained unchanged · over the past month · at $1.54”
“Blackstone Inc. · has a · Zacks Rank · #3 (Hold)”
“BX · closed · higher · by 1.39% at $94.65 on Thursday”
“Blackstone · completed the acquisition of · Crown Resorts Limited · largest transaction to date for the firm in Asia Pacific”
“Benetton family and U.S. fund Blackstone · secured · green light from the Italian government · for their takeover offer for infrastructure group Atlantia”
“Blackstone · bet on · acquiring Australian casino operator Crown Resorts · yielded an early dividend”
“Bain Capital, Blackstone Inc. and CVC Capital Partners · are among · the funds considering bids”
“Blackstone Inc. · is buying · Crown Resorts Ltd. · for A$8.9 billion ($6.2 billion)”
“Blackstone · will assume ownership of · Crown Resorts Ltd. · on June 24”
“Blackstone Inc. · has · Zacks Rank · #3 (Hold)”
