July 19, 2018 / 2:14 PM / 4 months ago

Blackstone still analyzing merits of possible C-Corp switch - COO

NEW YORK, July 19 (Reuters) - Blackstone is still considering whether to convert to a corporation from a partnership and has been impressed by the stock performance of rival KKR & Co 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

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