Blackstone Eyes PSP Deal

6/22/17

Blackstone has formed a bidding consortium that may pay $4 billion to buy half of Platform Specialty Products, the New York Post is reporting. The deal could provide a windfall for Bill Ackman, the hedge fund tycoon, whose Pershing Square holds a 14.5 percent stake in the chemicals giant and is PSP’s biggest shareholder, the NY Post said.

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