On Thursday, Shares of Blackstone Group LP (NYSE:BX), lost -0.03% to $30.56.
Blackstone (BX) and MB Aerospace declared that private equity funds managed by Blackstone have successfully accomplished the acquisition of MB Aerospace, a leading Tier I engine component manufacturer and repair business, from Arlington Capital Partners.
MB Aerospace has facilities across the U.S., U.K., and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies into production and aftermarket applications across an installed base of 65 aero-engine platforms. MB Aerospace’s key customers comprise Pratt & Whitney, Rolls-Royce, General Electric, Boeing, United Technologies Aerospace Systems, Pratt & Whitney AeroPower, GKN, Mitsubishi Heavy Industries, and the US Department of Defense.
The company’s practiced administration team will remain in place and will continue to be led by Craig Gallagher, Chief Executive since 2003.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
Shares of Energy Transfer Partners LP (NYSE:ETP), declined -0.04% to $28.54, during its last trading session.
BG Group (BG.L) and Energy Transfer Equity, L.P. (ETE) and Energy Transfer Partners, L.P. (ETP) (collectively, “Energy Transfer”), declared that the Lake Charles LNG Project has received approval from the US Federal Energy Regulatory Commission (FERC) to site, construct and operate a natural gas liquefaction and export facility in Lake Charles, Louisiana. FERC approval was a key remaining regulatory consent for the Lake Charles LNG Project.
With a conditional authorization from the US Department of Energy to export up to 2 billion cubic feet of natural gas per day (or about 15 million metric tons of LNG per annum), the Lake Charles LNG Project is predictable to be one of the largest LNG export initiatives in the United States. The technology chosen for the project, which comprises aero derivative turbines with selective catalytic reduction, is designed to make it one of the most efficient and cleanest operating LNG facilities in the world, with air emissions predictable to be well below US and state limits.
“Our focus is on being a good neighbor in Lake Charles, where we’ll be working in a collaborative manner with local communities to minimize the impacts from construction,” said Jason Klein, General Manager for BG Group’s America Asset. “At the same time, we’re excited about our role in the economic expansion of Southwest Louisiana. Lake Charles LNG has the potential to create several thousand jobs during construction and if fully operational could result in about 250 long-term operational positions – sustainable jobs for current and future generations.”
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company’s Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas, in addition to through its ET fuel system and HPL system.
Finally, Clovis Oncology Inc (NASDAQ:CLVS), ended its last trade with 2.55% gain, and closed at $33.36.
Clovis Oncology, declared that the U.S. Food and Drug Administration (FDA) has extended the Prescription Drug User Fee Act (PDUFA) date for Clovis’ New Drug Application (NDA) for rociletinib by the standard extension period of three months with the new aim date of June 28, 2016. Rociletinib is an investigational therapy for the treatment of patients with mutant epidermal growth factor receptor (EGFR) non-small cell lung cancer (NSCLC) who have been formerly treated with an EGFR-targeted therapy and have the EGFR T790M mutation.
Clovis presented a Major Amendment on November 16, 2015 in response to the FDA’s request for additional clinical data for both the 500mg and 625mg BID dose patient groups for rociletinib. As predictable, the FDA extended the PDUFA aim date to allow additional time for review of the new information requested by the Agency.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
