93,499,489 Common Stock of The Michaels Companies, Inc. are subject to a Lock-Up Agreement Ending on 11-JAN-2017.
January 10, 2017
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93,499,489 Common Stock of The Michaels Companies, Inc. are subject to a Lock-Up Agreement Ending on 11-JAN-2017. These Common Stock will be under lockup for 30 days starting from 12-DEC-2016 to 11-JAN-2017.
Details:
The directors, executive officers and applicable affiliates of the sponsors have agreed that they will not offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, 93,499,489 shares of common stock or any securities convertible into or exercisable or exchangeable for common stock, for a period of 30 days after the date of the final prospectus, may not, without the prior written consent of Credit Suisse Securities (USA) LLC.
Blackstone Inc. is an investment firm. The Company's asset management business includes investment vehicles, which is focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, and secondary funds. The Company operates through four segments: Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. Its Blackstone Real Estate Partners (BREP) business makes investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a variety of real estate operating companies. The Private Equity segment includes Blackstone Capital Partners, Blackstone Energy Transition Partners, Blackstone Capital Partners Asia, and Blackstone Core Equity Partners. The Credit & Insurance segment includes Blackstone Credit and Blackstone Insurance Solutions (BIS). The Hedge Fund Solutions segment includes Blackstone Alternative Asset Management and GP Stakes businesses.