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Tuesday, December 2, 2014

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

The following corporate finance-related stories were reported by media: * Canadian takeover firm Onex Corp is in talks to purchase a UK safety and survival equipment maker from Warburg Pincus LLC for about 450 million pounds ($704 million), Bloomberg reported, citing three people with knowledge of the discussion.* Valero Energy Corp was continuing the restart of a 45,000-barrel-per-day (bpd) hydrocracking unit (HCU) on Tuesday at its 330,000 bpd Port Arthur, Texas, refinery, said sources familiar with operations at the refinery.

Valero Energy Corporation (Valero) is an independent petroleum refining and marketing company. Shares of VLO traded higher by 4.05% or $1.98/share to $50.88. In the past year, the shares have traded as low as $42.53 and as high as $59.69. On average, 7904990 shares of VLO exchange hands on a given day and today's volume is recorded at 8538846.