Wednesday, June 20, 2007

WRAPUP 1-U.S. lawmakers scrutinize Blackstone tax bill, IPO

(Reuters) - WASHINGTON, June 20 - A co-author of a U.S.
Senate bill that would raise taxes on private equity firms
going public said on Wednesday he was open to discussing
shortening a built-in transition period that cushions any
potential tax hit on Blackstone Group LP [BG.UL].




Sen. Max Baucus has received feedback about his legislation
suggesting a five-year transition period is too long and should
be shortened, his office said late on Wednesday.


Read more at Reuters.com Mergers News

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