February 20, 2017, 2:26 pm
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Blackstone ends talks for $5B Energy stake

Private-equity firm Blackstone Group LP is no longer looking at buying a $5 billion stake in Energy Transfer Partners a source familiar with the matter confirmed on Monday.

In December, Blackstone was said to be looking at a stake in ETP, the company building the controversial Dakota Access Pipeline.

ETP shares fell 2.4 percent on Monday to close at $36.53 a share after the news, first reported by Bloomberg.

ETP announced a private placement of shares with its parent Energy Transfer Equity LP on Monday, which will garner ETP proceeds of $568 million, in exchange for about 15.8 million common shares of ETP. Shares of the parent company lost 4.7 percent on Monday.-Reuters
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Column of the Day

Trillanes to Duterte: Sign waiver of bank secrecy law addressed to BPI

By ELLEN TORDESILLAS | February 20,2017
370 View(s) 0 Comment(s)
‘Trillanes did not fall into the trap of Duterte diverting the issue with his personal insults to him.’

Opinion of the Day

More on the DeLima-Trillanes team

By DAHLI ASPILLERA | February 20, 2017
441 View(s) 0 Comment(s)
‘Sen. Trillanes to President Duterte: “Disclose your bank account deposits!’