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Monday, November 17, 2014

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

The following corporate finance-related stories were reported by media: * A group led by Canadian property investor Ivanhoe Cambridge has clinched a deal to purchase a Manhattan office tower for $2.25 billion from Blackstone Group LP, the Wall Street Journal reported, citing people familiar with the terms of the sale.* Merger talks between Hasbro Inc and DreamWorks Animation SKG Inc formally ended on Monday morning, when the toy company's board voted to walk away, according to a person with knowledge of the board's actions.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.5% or $0.16/share to $32.02. In the past year, the shares have traded as low as $26.15 and as high as $36.08. On average, 4766620 shares of BX exchange hands on a given day and today's volume is recorded at 3330602.

DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets. Shares of DWA fell by 14.26% or $-3.71/share to $22.31. In the past year, the shares have traded as low as $19.20 and as high as $36.01. On average, 1843020 shares of DWA exchange hands on a given day and today's volume is recorded at 5780918.

Hasbro, Inc., engaged in providing children?s and family leisure time products with a range of portfolio of brands and entertainment properties. Shares of HAS traded higher by 4.35% or $2.35/share to $56.37. In the past year, the shares have traded as low as $47.48 and as high as $58.41. On average, 1137680 shares of HAS exchange hands on a given day and today's volume is recorded at 2112173.



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