Blackstone to convert to C corp

Blackstone said April 18 that it is converting to a C corp from a publicly traded partnership. BX also released first quarter 2019 results. “We believe the decision to convert will make it significantly easier for both domestic and international investors to own our stock and should drive greater value for all of our shareholders over time,” said Stephen A. Schwarzman, chairman, CEO and co-founder, in a statement.

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