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Actionable news in BX: THE BLACKSTONE GROUP L.P,

Blackstone (BX) Stock Closed Higher, Considers Proposal Challenging Honeywell's JDA Deal

NEW YORK (TheStreet) -- Shares of Blackstone Group (BX) closed up on Thursday as the New York City-based asset manager is considering a proposal from JDA Software's majority owner that would give it a minority stake in the Scottsdale, AZ-based software company.

The deal would challenge Honeywell's (HON) proposed $3 billion takeover bid, which the Morris Plains, NJ-based consumer products company and JDA are still in exploratory talks, the Wall Street Journal reports.

It was previously reported that Blackstone approached JDA with the...