Blackstone's APT Ups the Ante in US Dispute

American Petroleum Tankers, the shipping company that has alleged US government discrimination because of its private equity ownership, said it would order two new tankers should its $340 million loan guarantee application be approved, writes Reuters. APT, controlled by Blackstone Group, is trying to reverse a rejection of its financing application by the Maritime Administration at a time when private equity has been thrust into the spotlight as a result of Bain Capital co-founder Mitt Romney's candidacy for president of the United States, writes Reuters.

DealsNorth AmericaUSBriefs