Blackstone (BX) is close to a $4B deal to buy MacLean Power Systems, Bloomberg’s David Carnevali and Aaron Kirchfeld report. According to people familiar with the matter. The private equity firm may announce a purchase of MacLean from Centerbridge Partners as soon as next week, with Blackstone beating out other potential suitors including ABB (ABBNY).
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Blackstone nearing deal for MacLean Power Systems for $4B, Bloomberg reports
- Aramco Strikes Up to $30 billion in U.S. Energy and LNG Deals at Washington Forum
- Insiders Are Buying the Dip in These 2 Stocks — and Morgan Stanley Is Backing the Move
- Blackstone put volume heavy and directionally bearish
- Blackstone announces $1.2B investment to build Wolf Summit Energy