The following corporate finance-related stories were reported by media on Wednesday: * Indian energy major Reliance Industries Ltd is among companies in talks to purchase the exploration and production(E&P) unit of U.S. pipeline company El Paso Corp , Bloomberg reported, citing unnamed people with knowledge about the matter.Private equity firm Apollo Global Management LLC is among the other companies in talks for the unit, which is estimated to be worth $8.1 billion by analysts at BNP Paribas, it said.* JD Sports is close to making an offer for parts of the struggling outdoor goods retailer Blacks Leisure, according to the Financial Times. The move would set it against rival Sports Direct, which is trying to mount a rescue for Blacks Leisure.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO remained unchanged at $13.05. In the past year, the shares have traded as low as $8.85 and as high as $19.00. On average, 233452 shares of APO exchange hands on a given day and today's volume is recorded at 0.
El Paso Corporation (El Paso) is an energy company, which operates in the natural gas transmission and exploration and production sectors of the energy industry. Shares of EP remained unchanged at $26.50. In the past year, the shares have traded as low as $13.42 and as high as $26.97. On average, 13580400 shares of EP exchange hands on a given day and today's volume is recorded at 0.
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