Tuesday, June 26, 2007

UPDATE 1-Blackstone units fall below $31 IPO price

(Reuters) - NEW YORK, June 26 - Blackstone Group LP
units tumbled more than 6 percent in morning trade, falling
below the $31 price the private equity giant fetched in its
initial public offering last week.




The units traded as low as $30.36, down 6.4 percent, after
losing nearly 8 percent on Monday. They jumped 13 percent in
their market debut on Friday.


Read more at Reuters.com Mergers News

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