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blackstone group lp/the (BX) Key Developments

Burton's Biscuits Eyes United Biscuits

Burton's Foods Limited is to take part in an international bid for United Biscuits (Holdings) Limited after it was put up for sale by The Blackstone Group L.P. (NYSE:BX) and PAI Partners. Other potential suitors include Kellogg Company (NYSE:K), Mondelez International, Inc. (NasdaqGS:MDLZ), Ülker Bisküvi Sanayi Anonim Sirketi (IBSE:ULKER) and San Miguel Corporation (PSE:SMC).

Six Offers Reportedly In For Moran and Bewley’s Hotel Group

Six offers are reportedly have been made for Moran Hotel Group. All bids are above €400 million and the potential bidders include, Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), The Goldman Sachs Group, Inc. (NYSE:GS), Dalata Hotel Group p.l.c. (ISE:DHG), The Blackstone Group L.P. (NYSE:BX), Westmont Hospitality Group, Inc. and London & Regional Properties Limited. Rothschild has been appointed international financial advisory group for Moran group. Jones Lang LaSalle recently valued the Moran group, for the board, at more than €450 million.

Houston Foods Reportedly Buys About 260 Burger King Locations From Blackstone

Houston Foods Inc. plans to buy about 260 Burger King locations owned by The Blackstone Group L.P.'s (NYSE:BX) Heartland Food Corp. in the Midwest, according to a person with knowledge of the matter. Blackstone agreed to sell the restaurants for less than $100 million, said the person, who asked not to be identified because the deliberations are private, reported Bloomberg. Blackstone is using the deals to cut its exposure to an increasingly sluggish fast-food industry.

Blackstone Group Plans IPOs For Invitation Homes And IndCor Properties

The Blackstone Group L.P. (NYSE:BX) is planning for an initial public offering ('IPO') of IndCor Properties according to a confidential notice filed. Person familiar to the matter also said that an IPO of Invitation Homes LP is also planned for next year, reported Bloomberg.

Investors Reportedly Eye United Biscuits

San Miguel Corporation (PSE:SMC) is considering making a bid for United Biscuits (Holdings) Limited which is owned by The Blackstone Group L.P. (NYSE:BX) and PAI Partners, Reuters reported citing Sky News. Other potential suitors include Kellogg Company (NYSE:K), Savola Group Company (SASE:2050), Ülker Bisküvi Sanayi Anonim Sirketi (IBSE:ULKER) and Ontario Teachers' Pension Plan. The Blackstone Group L.P. (NYSE:BX) and PAI Partners have been working on plans for a sale or a public share listing of United Biscuits (Holdings) Limited that would take place by the end of 2014.

 

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