UPDATE 1-Market Chatter -- Corporate finance press digest

Thu Sep 17, 2009 2:27am EDT

(Adds further items)

BANGALORE, Sept 17 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Volkswagen (VOWG.DE) is considering overhauling its trucks business in a move that could herald a tie-up with German truckmaking and engineering group MAN AG (MANG.DE), the Financial Times said. [ID:nLG542985]

* Twitter is closing a round of funding that will value the company known for its 140-character, stream-of-consciousness blogs at $1 billion, technology news site TechCrunch said. [ID:nN16163629]

* British Airways BAY.L is interested in rival UK airline bmi and has spoken with bmi's German owner Lufthansa (LHAG.DE), BA's chief executive told the Evening Standard. [ID:nLG330098]

* Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, plans to issue convertible bonds and warrants worth $250 million, the China Business News said. [ID:nSHA354108]

* Steel-to-property conglomerate CITIC Pacific Ltd (0267.HK) aims to list in China, joining other Hong Kong-listed top Chinese firms that would like to list in their home market, media reports said. [ID:nHKG353825]

* A shareholder in troubled Ahmad Hamad Algosaibi and Bros Co (AHAB) did not sell his 2.2 percent stake in Samba Financial Group 1090.SE, contrary to earlier media reports, a newspaper said. [ID:nLH387414]

For Deals of the Day, click on [ID:nSP378879] (Compiled by Purwa Naveen Raman in Bangalore)

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