Monday, June 11, 2007

Blackstone CEO stake to be worth $7.7 billion

(Reuters) - Schwarzman will own around 23 percent of Blackstone after its public offering, expected in the next few weeks. Should the IPO price in the expected range of $30 per share, Schwarzman's stake would be worth $7.73 billion.




The filing also says Blackstone paid co-founder Peter Peterson $213 million last year and will pay him another $1.88 billion when the firm goes public.


Read more at Reuters.com Business News

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