The following corporate finance-related stories were reported by media on Friday: * Blackstone Group LP will visit Dell Inc's headquarters on Monday to begin an in-depth analysis of the company, sources said, a strong sign the takeover firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid.* Rio Tinto Plc has hired investment bank Macquarie to sell its majority stake in the Northparkes copper mine in Australia, a source familiar with the matter said, adding to a growing list of planned divestments.
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 traded higher by 1.68% or $0.32/share to $19.42. In the past year, the shares have traded as low as $11.13 and as high as $21.09. On average, 5341090 shares of BX exchange hands on a given day and today's volume is recorded at 4817859.
Rio Tinto plc (Rio Tinto) is engaged in finding, mining and processing mineral resources. Shares of RIO traded higher by 0.77% or $0.35/share to $45.86. In the past year, the shares have traded as low as $41.59 and as high as $60.45. On average, 2591810 shares of RIO exchange hands on a given day and today's volume is recorded at 3089489.
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