Blackstone has spent a significant amount of time and effort searching for the right manager to spearhead our effort into the longshort equity space.
Quotes about blackstone (8 Quotes)
Sir William Blackstone, the great English jurist, writing in his Commentaries on the Laws of England in 1769, was most explicit in emphasizing the weakness of mans nature. As he observed '... if our reason were always, as in our first ancestor before hi.
We know we've got work to do, but we're finally getting to the point where Worcester has really bought into the Blackstone. It's sort of an enlightened self-interest, and it's incredible.
As Blackstone started to look at some of our assets they made an offer for the whole company which we felt was very attractive.
Blackstone wanted to have all the debt tendered and paid off.
I grew up in Worcester, and we never thought twice about the Blackstone. It was something south of the city -- and in the '50s and '60s, when I was growing up, it was pretty dirty -- so no one thought about it much.
Following the completion of the Blackstone transaction, we will have sold 25 assets for 586 million since the beginning of 2005. This group of 25 properties contributed over 30 million in adjusted EBITDA2 for the full year 2005. These sales essentially complete our asset disposition program, with only six properties remaining for disposition that are expected to generate approximately 70 million in proceeds. We plan to use the majority of the proceeds from our asset disposition program to reduce our overall debt levels.
We believe that it is unlikely that Blackstone would make such a large investment intending to be a purely passive investor. This is likely to give rise to general market expectations that further steps will be taken to enhance shareholder value.