Fed’s Powell opens door to potential rate cuts at Jackson Hole
Investing.com -- Blackstone (NYSE:BX), a private equity investor, has decided to withdraw from the process of acquiring a minority stake in the snack business of Haldiram’s, a popular Indian brand, according to Reuters. The decision was made due to concerns over the valuation of the business, according to two individuals directly involved in the matter.
Competing bidder Temasek, however, continues to participate in the race to acquire a minority stake in Haldiram’s snack entity, as stated by a third person with direct knowledge of the ongoing discussions.
Blackstone had been engaged in the deal for seven months, but the decision to cease negotiations is final and irreversible, one of the sources stated.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.