Friday, June 15, 2007

Blackstone says tax changes could hurt value

(Reuters) - In an amended prospectus filed with the U.S. Securities and
Exchange Commission, Blackstone said the proposed law would apply
to it beginning with the 2013 tax year.




Blackstone said the legislation, if enacted, would cause "a
material increase in our tax liability when such legislation
begins to apply to us." It also said changes that precluded it
from qualifying under publicly traded partnership rules might
"result in a reduction in the value of our common units."


Read more at Reuters.com Mergers News

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