ADVFN - Advanced Financial Network.
HOME» NYSE » B » BX Stock Price » BX Stock News

Blackstone Grp Lp Ut Share News

 Blackstone Grp Lp Ut Stock Price
BX Stock Price
 Blackstone Grp Lp Ut Stock Chart
BX Stock Chart
 Blackstone Grp Lp Ut Stock News
BX Stock News
 Blackstone Grp Lp Ut Company Information
BX Company Information
 Blackstone Grp Lp Ut Stock Trades
BX Stock Trades

Permira Rejects Blackstone, BC Partners Iglo Offer-Sources

LONDON--Permira has rejected a EUR2.5 billion bid (about $3.14 billion) for frozen food business Iglo from Blackstone Group (BX) and BC Partners because it came in under the price the buyout owner wanted, people familiar with the situation told Dow Jones Newswires Monday. Permira had put a price tag of between EUR2.8 billion and EUR3 billion on Iglo, which is Europe's leading branded frozen food business both in terms of sales and brand recognition, the people added. Permira bought Iglo from Unilever PLC (UL) for EUR1.7 billion in 2006 and, in July 2010, recombined its Birds Eye unit with Unilever's other frozen-food business, Findus Italy, in a GBP675 million deal. Earlier this year it hired Credit Suisse Group AG (CS) to advice on a sale of the business. Blackstone and BC Partners decided to team up on a joint bid last week after earlier having been in competition to buy the company, which makes frozen food in the Captain Birds Eye range, such as staples like fish fingers and the Bake to Perfection food range. Rival buyout firm PAI Partners withdrew from the auction last month while Thai food group Charoen Pokphand PCL (CPF.TH) was also interested in parts of the company. It didn't submit a formal bid. In the absence of a higher bid from Blackstone and BC Partners--the only bid on the table--Iglo is expected to execute on a consolidation strategy agreed before the sales process was launched and whether under new ownership or not. In particular, the company plans to expand across Europe with an emphasis on Eastern Europe. There has also been speculation that Iglo was interested in buying Findus Group, the U.K.-based frozen food maker owned by Lion Capital with operations in the Nordics and France as well as the U.K. -Write to Marietta Cauchi at

Stock News for Blackstone Grp Lp Ut (BX)
06/30/201511:35:00FishNet Security Named 2014 National Partner of the Year by Juniper...
06/30/201509:50:00Blackstone Announces Second Quarter 2015 Media Call
06/30/201509:45:00Blackstone Announces Second Quarter 2015 Investor Call
06/30/201508:10:05Blackstone to Sell Security Services Unit for $1.67 Billion
06/30/201501:39:00Blackstone to Sell AlliedBarton to Wendel
06/18/201511:00:00Blackstone Portfolio Company Onyx Renewable Partners Establishes...
06/17/201511:24:00Blackstone and Multi Acquire Palmanova Outlet Village and AVM...
06/17/201508:40:11Filed Sunrun IPO Plans Close to Emerging Publicly
06/15/201516:15:00Jonathan Pollack to Join Blackstone Real Estate as Chief Investment...
06/15/201516:01:00Blackstone Mortgage Trust Declares $0.52 Per Share Dividend
06/15/201509:00:00Blackstone Portfolio Company Phoenix Tower International Announces...
06/12/201516:49:19Statement of Changes in Beneficial Ownership (4)
06/11/201504:00:00Blackstone & Black Rhino Announce Appointment of Lamido Sanusi...
06/10/201510:40:06Wells Fargo Sees Continued Growth Through Acquisitions
06/10/201510:26:00Wells Fargo Sees Continued Growth Through Acquisitions
06/08/201514:43:48Calpers to Cut External Money Managers by Half
06/08/201510:29:00Willis Tower Repositioning Team Announced: The Telos Group and...
06/05/201516:01:00Blackstone Mortgage Trust Announces Closing Of Public Offering...
06/04/201508:30:25SunGard Files for IPO
06/04/201507:41:18SunGard Data Systems Files for IPO

Blackstone Grp Lp Ut and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations