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Monday, January 14, 2013

EU mergers and takeovers (Jan 14), (NYSE: BX)

The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS-- Hedge fund Strategic Value Partners to purchase German plastic films group Kloeckner Pentaplast from private equity firm Blackstone Group LP (approved Jan. 14)-- Alpha Bank, Eurobank EFG Private Bank (Luxembourg) SA and Bank of Cyprus Public Co Ltd to acquire shopping mall operator Liberty Center SRL (approved Jan. 14)

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $16.86. In the past year, the shares have traded as low as $11.13 and as high as $17.25. On average, 3870370 shares of BX exchange hands on a given day and today's volume is recorded at 0.