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Thursday, May 26, 2011

Takeover News - Corporate Finance Report, (CQO), (NYSE: APO), (UBSN), (BP), (TNBP)

The following corporate finance-related stories were reported on Thursday: * Charter Hall Office REIT (CQO.AX) has received an offer of more than $1.68 billion from Apollo Global Management LLC (APO.N) and Broadway Partners for its U.S. real estate holdings, Bloomberg reported, citing three people with knowledge of the bid. * Swiss bank UBS (UBSN.VX) is planning to separate its investment bank and incorporate it outside of Switzerland to placate regulators, the Wall Street Journal reported on Thursday. * BP's (BP.L) Russian oil venture, TNK-BP (TNBP.MM), is ready to spend $1 billion to purchase a 45 percent stake in a Brazil gas field developed by the start-up state-run oil company HRT Participacoes (HRTP3.SA), the daily Kommersant reported on Thursday.

Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO fell by 1.14% or $-0.2/share to $17.37. In the past year, the shares have traded as low as $16.80 and as high as $19.00. On average, 1658430 shares of APO exchange hands on a given day and today's volume is recorded at 284999.