Blackstone (BX) intends to offload its First Eagle business for at least $4B, the Financial Times reports. The move comes as private equity groups are looking to capitalize on a flurry of recent takeover activity, the report notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- M&A News: Blackstone (BX) Said to Be Mulling $2 Billion Sale of Olympus Energy
- U.S. private equity groups invested billion in ByteDance data centers, FT says
- Novartis agrees to acquire Anthos for up to $3.1B
- M&A News: Novartis Seals $3.1B Deal to Acquire Anthos
- Acushnet Holdings to replace Retail Opportunity in S&P 600 at open on 2/13