Vivint Acquired by Blackstone and 2 Hot Stocks Moving the Market
Vivint, a home automation and security solutions provider which counts over 670,000 American households as its customers, has been acquired by Blackstone (NYSE:BX), who will pay $ 2 billion to investors Goldman Sachs (NYSE:GS), Jupiter and Peterson, according to a report in Bloomberg which cites confirmation by Vivint CEO Todd Pedersen.
MGM Resorts (NYSE:MGM) completes a senior note issuance worth $ 1 billion that will extend the maturity profile of its borrowings and lower their cost. The issue met with an excellent response from investors which led to MGM increasing the size of the offer.
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