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Actionable news in BX: THE BLACKSTONE GROUP L.P,

Blackstone to Buy BioMed Realty Trust for $4.84 Billion

The $23.75 per share price tag represents a 10% premium over Wednesday’s closing price. The deal may include debt.

Blackstone, the world’s largest private-equity firm, has been raising cash to make deals in the space, last quarter closing a $15.8 billion distressed and opportunistic real-estate fund.

BioMed Realty owns a collection of office...