Monday, May 21, 2007

UPDATE 1-Blackstone sets IPO, could raise $3.87-$4.13 bln

(Reuters) - The news comes after Blackstone on Sunday said China's new
state investment agency would take a $3 billion nonvoting stake
in the company at a 4.5 percent discount to the IPO price.




In a filing with the U.S. Securities and Exchange
Commission, Blackstone said it planned to offer 133,333,334
common units at $29 and $31 each, generating proceeds of $3.87
billion to $4.13 billion.


Read more at Reuters.com Government Filings News

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