Blackstone
Zarou CEO explained that once the contract is signed, any financial dues will become the responsibility of the company and not the government.
Zarou CEO explained that once the contract is signed, any financial dues will become the responsibility of the company and not the government.
The offer represents a 13.2 percent premium to IOF’s ex-distribution closing price of A$4.55 per unit on Friday, equating to A$5.15 per unit.
The deal will give Thomson Reuters a formidable ally as it seeks to reinvigorate a business facing challenges from a shrinking and budget-conscious customer base.
Under the terms of the Blackstone offer, Thomson Reuters would retain a 45 percent stake in the F&R business as part of a partnership with the U.S. buyout firm, according to the sources.
Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio.
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