(Reuters) - WASHINGTON, June 26 - Blackstone Group LP
did not have to register as an investment company because it
simply manages funds that invest in other companies, the
chairman of the U.S. Securities and Exchange Commission said on
Tuesday.
Wall Street analysts had expressed concerns, prior to
Blackstone's initial public offering last week, that the
private equity firm may have been on shaky ground in arguing it
was not an investment company in its prospectus.
Read more at Reuters.com Mergers News
did not have to register as an investment company because it
simply manages funds that invest in other companies, the
chairman of the U.S. Securities and Exchange Commission said on
Tuesday.
Wall Street analysts had expressed concerns, prior to
Blackstone's initial public offering last week, that the
private equity firm may have been on shaky ground in arguing it
was not an investment company in its prospectus.
Read more at Reuters.com Mergers News
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