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Tuesday, November 4, 2014

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

The following corporate finance-related stories were reported by media:* Singapore sovereign wealth fund GIC Pte is leading a consortium to purchase U.S.-based IndCor Properties from Blackstone Group in a deal valued at about $8 billion including debt, a person familiar with the matter said on Tuesday.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.6% or $0.18/share to $30.30. In the past year, the shares have traded as low as $25.60 and as high as $36.08. On average, 4791420 shares of BX exchange hands on a given day and today's volume is recorded at 5303439.