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Reuters first on Blackstone divvie promise02.27.2009
Shares of private equity firm Blackstone rocketed up 26 percent on Feb 27 after Reuters headlines on COO Tony James saying the firm’s 2009 dividend looked pretty well assured. Reuters also broke news on March 2 that Blackstone’s latest buyout fund was written down 35 percent for the year. On a confidential conference call with investors the following day, Blackstone reprimanded all the LPs for talking to the media, citing the Reuters story. |
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