Wednesday, May 16, 2007

U.S. union asks SEC intervention on Blackstone IPO

(Reuters) - The labor federation told the SEC in a letter that it believed Blackstone "deliberately structured its public offering ... to hide the fact that the Blackstone Group LP is actually an offering of interests in pools of investment securities."

AFL-CIO Secretary-Treasurer Richard Trumka said in a statement: "That's unacceptable, and the SEC should step in and enforce the law."


Read more at Reuters.com Business News

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