Private is as Private does

Slate's Daniel Gross has an ingenious solution for the private equity giant Blackstone Group, which is now facing the trials and tribulations of being...

Slate's Daniel Gross has an ingenious solution for the private equity giant Blackstone Group, which is now facing the trials and tribulations of being a public company: buy itself out. Hey, it makes sense-- their IPO just last month hit the market at $31 per share. Now it trades at about $26. Steve Schwartzman can borrow cash, buy his own company out, pocket the price difference, and-- added bonus-- forgo all the pesky disclosure requirements of a public firm. Nice work if you can get it.

Next up: Kekst & Co. hired to represent Kekst & Co. in dispute with Kekst& Co. PR can learn from these finance guys.

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