3-6-12-Blackstone (NYSE:BX) is in talks to acquire Avgol Industries 1953 Ltd. From Israel Petrochemical Enterprises Ltd., Calcalist said today.Calcalist didn’t provide details on the source, nor was Avgol available for comment.After the Bloomberg report, Avgol (TLV:AVGL) issued a statement to the Tel-Aviv stock saying that it was in talks with Blackstone over the deal.The Blackstone Group LP is a global alternative asset manager and provider of financial advisory services. The firm’s asset management businesses include the management of corporate private equity funds, real estate funds, mezzanine funds, proprietary hedge funds and closed-end mutual funds. Blackstone also provides M&A and reorganization advisory, as well as private placement services.SmarTrend currently has Blackstone in a Downtrend. Since 2008, SmarTrend subscribers trading Blackstone using our alerts outperformed the stock by 183%. We are monitoring these developments and will alert subscribers to any change in trend.
