A consortium led by private-equity firms Blackstone Group L.P. (NYSE:BX) and TPG will make a $5.5 billion bid on Wednesday for Denver-based Gates, according to a report Monday from The Wall Street Journal, which cited unnamed sources. The Blackstone Group L.P. (NYSE:BX) stock opened at $34.82 in last session, and closed at $35.18, while the day range of The Blackstone Group L.P. (NYSE:BX) stock is $34.64 – $35.30. The stock showed a positive weekly performance of 7.65%.
A.M. Best has assigned a debt rating of “bbb” to the recently issued $747.5 million 6.625% non-cumulative perpetual preferred stock of The Allstate Corporation (Northbrook, IL) (NYSE:ALL). The outlook assigned to the rating is stable. The Allstate Corporation (NYSE:ALL) stock opened at $55.68 in last session, and closed at $55.80 by gaining 0.16%. The 52 week range of $45.60 – $55.81. Company’s market capitalization is $25.27 billion.
Shares of FelCor Lodging Trust (NYSE:FCH) reached a new 52-week high during trading on Monday following insider buying activity, American Banking and Market News reports. The company traded as high as $9.18 and last traded at $9.11, with a volume of 993,819 shares. The stock had previously closed at $8.92. FelCor Lodging Trust Incorporated (NYSE:FCH) stock increased 2.13% and finished the last session at $9.11. The EPS of the stock remained -1.78. Company’s market capitalization is $1.13 billion.
Assurant, Inc. (NYSE:AIZ), a premier provider of specialty insurance and insurance-related products and services, led by President and CEO Robert B. Pollock and members of the company’s management team, will visit the New York Stock Exchange (NYSE) and ring The Opening Bell. Assurant, Inc. (NYSE:AIZ) stock opened the session at $67.69, and closed the session at $68.70. The 52 week range of the Assurant, Inc. (NYSE:AIZ) stock remained $42.60 – $69.12 and the day range was $67.55 – $69.12.
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