Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, November 20, 2013

BRIEF-Blackstone says Devon Energy deal values stake in GeoSouthern unit being sold at about $1.54 bln, (NYSE: BX), (NYSE: DVN)

Blackstone Group LP : * GeoSouthern & Blackstone to sell their Eagle Ford shale partnership to Devon Energy * Says in connection with the sale to Devon, stake in the enterprise of funds

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 0.53% or $-0.14/share to $26.33. In the past year, the shares have traded as low as $14.32 and as high as $28.73. On average, 4620580 shares of BX exchange hands on a given day and today's volume is recorded at 308530.

Devon Energy Corporation (Devon) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). Shares of DVN traded higher by 1.88% or $1.18/share to $63.95. In the past year, the shares have traded as low as $50.81 and as high as $66.92. On average, 3093980 shares of DVN exchange hands on a given day and today's volume is recorded at 3442237.



Source