Blackstone (BX) to Acquire AlliedBarton Security Services

July 25, 2008 10:03 AM EDT
The Blackstone Group (NYSE: BX) and AlliedBarton Security Services today announced a definitive agreement under which the private equity fund managed by The Blackstone Group will acquire AlliedBarton.

Terms of the deal were not disclosed. The transaction is expected to close in August subject to certain government approvals and other customary conditions.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide.

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