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Tuesday, January 27, 2015

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

The following corporate finance-related stories were reported by media: * Blackstone Group LP has started a process to either sell or launch an initial public stock offering for U.K. resort operator Center Parcs, the Wall Street Journal reported citing people familiar with the matter. (on.wsj.com/1z74nul)* The chairman of Pearson Plc, the FTSE-100 education and media group which owns the Financial Times, is to step down after a decade at the helm, Sky News reported citing sources. (bit.ly/1yLtfJb)

Blackstone Group LP (Blackstone) is an asset manager and provider of financial advisory services. Shares of BX traded higher by 0.36% or $0.13/share to $36.58. In the past year, the shares have traded as low as $26.56 and as high as $36.88. On average, 4129400 shares of BX exchange hands on a given day and today's volume is recorded at 5328257.

Pearson plc (Pearson) is an education company. The Company provides a range of education products and services to institutions, governments and direct to individual learners, working to help people of all ages make measurable progress in their lives through learning. Shares of PSO fell by 1.32% or $-0.27/share to $20.12. In the past year, the shares have traded as low as $16.58 and as high as $20.42. On average, 351065 shares of PSO exchange hands on a given day and today's volume is recorded at 461114.



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