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Tuesday, October 28, 2014

Market Chatter- Corporate finance press digest, (NYSE: BX)

The following corporate finance-related stories were reported by media: * Blackstone Group LP, the world's largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship global real estate fund, in line with its predecessor fund, according to people familiar with the matter.* Venezuela's surprise move to scrap the sale of its U.S. refining unit Citgo was prompted when offers came in well below its $10 billion asking price, and sovereign and corporate bondholders criticized selling a reliable source of cash during a liquidity crunch, a source familiar with the situation said on Monday.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX fell by 0.88% or $-0.27/share to $30.39. In the past year, the shares have traded as low as $25.60 and as high as $36.08. On average, 4748330 shares of BX exchange hands on a given day and today's volume is recorded at 3038218.