Blackstone Group (BX) To Acquire AlliedBarton Security Services
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The Blackstone Group (NYSE: BX) announced a definitive agreement under which the private equity fund managed by The Blackstone Group will acquire AlliedBarton Security Services.
The transaction is expected to close in August subject to certain government approvals and other customary conditions.
Terms of the deal were not disclosed.[SM]
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Mergers and AcquisitionsStocks Mentioned
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financials
CFO on Nov 26, 2008 11:15 AMthey don't talk about the major cuts that will take place once this purchase takes place. Bottom line AB is not the company they once were. The acquistions have taken a toll on them financially and selling the company was the only way to save it from going under