Blackstone Group Inc (The) - Ordinary Shares - Class A

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Blackstone Announces $14.6 Billion Recapitalization Of BioMed Realty

Published: 10/15/2020 22:51 GMT
Blackstone Group LP (BX) - Blackstone Announces $14.6 Billion Recapitalization of Biomed Realty.
Co-investors Have Agreed to Sell Biomed Realty for $14.6 Billion to a Group Led by Existing Biomed Investors.
Investment Will Generate $6.5 Billion of Cumulative Profits for Brep Viii and Biomed Co-investors.
Recapitalization is Expected to Close Within Five Business Days of Conclusion of "go-shop" Process.
Blackstone Group - With Recapitalization, Existing Biomed Investors Were Offered Option to Exit for Cash Or Reinvest Their Proceeds From Sale.
Is Commencing a "go-shop" Process on Behalf of Biomed's Current Investors.