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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