takeovers

Blackstone's $69bn REIT stifles takeovers in blow to real estate empire

Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire

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NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) on Thursday limited withdrawals from its $69 billion unlisted real estate income trust (REIT) after a spike in redemption requests, an unprecedented blow to a franchise that helped it become an asset management giant. The brakes came because redemptions hit pre-set limits, rather than Blackstone setting …

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Tesla investors were the biggest losers in Elon Musk's Twitter deal, and those losses continue

Tesla investors were the biggest losers in Elon Musk’s Twitter deal, and those losses continue

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Twitter users have complained a lot about Elon Musk’s early moves after taking over the social network, but their complaints seem small compared to what Tesla Inc. investors had to endure. As the United States focused on election returns on Tuesday night, Tesla TSLA, -7.17% Chief Executive Musk tried to push through the disclosure of …

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