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Thursday, July 17, 2014

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

The following bids, mergers, acquisitions and disposals were reported by 1330 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.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 2.36% or $0.8004/share to $34.78. 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 2087915.