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Thursday, April 18, 2013

BRIEF-Blackstone's Asian real estate fund crosses $1 billion mark, (NYSE: BX), (NASDAQ: LIFE)

Blackstone Group LP President Tony James in conference call with reporters: * Says sees first close in Asian real estate fund in Q2 exceeding $1 billion * Says GSO's second rescue leding fund will hit its cap of $5 billion soon * Confirms Blackstone was part of a takeover consortium that bid for Life Technologies Corp * Says begins to see a start of a resurgence in m&a * Says advisory business will never become like Goldman Sachs or JPMorgan, too many conflicts

The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.81% or $-0.37/share to $20.06. In the past year, the shares have traded as low as $11.13 and as high as $21.46. On average, 5316380 shares of BX exchange hands on a given day and today's volume is recorded at 1351336.

Life Technologies Corporation (Life Technologies) is a global life sciences company. Shares of LIFE traded higher by 0.07% or $0.055/share to $73.56. In the past year, the shares have traded as low as $39.73 and as high as $73.50. On average, 3053680 shares of LIFE exchange hands on a given day and today's volume is recorded at 1804965.



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