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Thursday, July 17, 2014

Deals of the day- Mergers and acquisitions, (NYSE: BX), (NYSE: MUR)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday: ** U.S. investment fund Blackstone Group LP paid 3.615 billion euros ($5 billion) for a portfolio of home loans belonging to Spain's bailed-out Catalunya Banc, the lender said on Thursday.** Japan's biggest trading house Mitsubishi Corp has submitted a non-binding bid to purchase Murphy Oil Corp's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter told Reuters.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 1.74% or $0.58/share to $33.98. In the past year, the shares have traded as low as $21.30 and as high as $35.39. On average, 4955070 shares of BX exchange hands on a given day and today's volume is recorded at 7478292.

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom. Shares of MUR traded higher by 1.45% or $0.94/share to $65.97. In the past year, the shares have traded as low as $54.67 and as high as $67.07. On average, 1254000 shares of MUR exchange hands on a given day and today's volume is recorded at 1018448.



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