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Wednesday, February 11, 2015

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

The following corporate finance-related stories were reported by media: * Hewlett-Packard Co's sale of a majority stake in its Chinese networking unit has attracted interest from potential bidders including state-owned China Electronics Corp and Citic Capital Partners, Bloomberg said, citing people familiar with the matter. (* Scott Rechler has agreed to sell a roughly 50 percent stake in a portfolio of six New York office buildings to private-equity firm Blackstone Group LP in a deal that values the properties at $4 billion, the Wall Street Journal reported, citing people familiar with the matter. (

Blackstone Group LP (Blackstone) is an asset manager and provider of financial advisory services. Shares of BX fell by 0.63% or $-0.23/share to $36.47. In the past year, the shares have traded as low as $26.56 and as high as $37.95. On average, 4256450 shares of BX exchange hands on a given day and today's volume is recorded at 3876681.