Blackstone Inc. (NYSE:BX) is set to buy out International Gemological Institute (IGI), from China's Fosun International Limited (SEHK:656), Founders Lorie family and other small shareholders at an enterprise value of $500 million-$550 million, two people directly aware of the development said. IGI has $150 million of debt. The world's largest private equity firm is expected to sign a binding agreement with Fosun and IGI's other shareholders in Europe soon, maybe as early as this weekend.
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+10.89% | 25.67B | |
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+22.24% | 10.03B | |
+20.47% | 8.36B | |
+27.09% | 7.13B | |
+8.47% | 5.45B |
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