Blackstone stock in focus after $5 billion Beacon Offshore talks, Trump housing order
Blackstone Inc is exploring a sale of Beacon Offshore Energy for over $5 billion, according to a source familiar with the situation. Earlier Tuesday, Bloomberg News reported the firm had started preliminary talks with banks about a possible IPO as soon as the first quarter. Shares of Blackstone dropped 5.9% to $153.91 in Tuesday’s trading.
