Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, November 18, 2014

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

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.

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.