Saturday, June 23, 2007

Use of Proceeds

Best post-deal commentary on the Blackstone IPO so far:
Blackstone (NYSE: BX): Stephen Schwarzman will use his cash proceeds from the IPO to buyback shares of his own soul.
Market Impact 666

It's not clear whether he'll get voting rights with that.

Hat tip to our friends and investment advisers at Long or Short Capital.

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