NEW YORK (Reuters) – Blackstone (BX.N) is still considering whether to convert to a corporation from a partnership and has been impressed by the stock performance of rival KKR & Co (KKR.N) since it made the switch, President and Chief Operating Officer Jon Gray said on Thursday.
“We’ve been impressed by KKR’s recent stock performance post-conversion announcement. We continue to analyze this option but it’s a very significant decision for our shareholders so we will be thoughtful and deliberate,” Gray said in a call with reporters for the firm’s second-quarter earnings.
Reporting by Joshua Franklin in New York; Editing by Chizu Nomiyama
JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/UMjViJR3DtE/blackstone-still-analyzing-merits-of-possible-c-corp-switch-coo-idUSKBN1K924K