Blackstone to Float Merlin Entertainments in 2010, Estimated Value of $3.33 Billion: Reuters (BX)
Oct 24, 2009 (SmarTrend(R) News Watch via COMTEX) --
Companies: Blackstone Group LP/The (BX), Citigroup, Inc. (C), Deutsche Bank AG (DB), Goldman Sachs Group, Inc. (GS), Nomura Holdings, Inc. (NMR), UBS AG (UBS)
10/24/2009-According to a Reuters report, private equity firm Blackstone (NYSE:BX) is planning to launch an initial public offering for theme park operator Merlin Entertainments next year. The report, which cited unnamed sources familiar with the matter, said that the firm has landed investment banks Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Deutsche Bank (NYSE:DB), UBS (NYSE:UBS) and Nomura (NYSE:NMR) to advise on the offering. The report also indicated that the IPO could raise approximately $3.33 billion USD.
Write to Chip Brian at cbrian@tradethetrend.com
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News Provided by COMTEX
Companies: Blackstone Group LP/The (BX), Citigroup, Inc. (C), Deutsche Bank AG (DB), Goldman Sachs Group, Inc. (GS), Nomura Holdings, Inc. (NMR), UBS AG (UBS)
Related terms: investment, market, nyse, Private Equity, public offering, securities
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