UPDATE 1-Market Chatter -- Corporate finance press digest

Wed Mar 31, 2010 2:02am EDT

(Adds Altis and Redwood Trust)

BANGALORE, March 31 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Indian conglomerate Essar Group will decide by June whether to move forward to buy three European oil refineries from Royal Dutch Shell (RDSa.L) as part of its global expansion plan, the Wall Street Journal reported on Wednesday, citing Essar's chief executive. [ID:nSGE62U016]

* Russian companies are eyeing a stake in France's Altis Semiconductor in what could be a step towards diversifying and modernising an oil-dependent economy, Vedomosti business daily reported on Wednesday. [ID:nLDE62U01D]

* A unit of Johnson & Johnson (JNJ.N) has received an offer from private-equity firm GTCR Golder Rauner LLC for its breast-care business, the Wall Street Journal reported. [ID:nN29113597]

* Redwood Trust Inc (RWT.N) is looking to float at least $200 million worth of securities backed by home mortgage loans, the Wall Street Journal said, citing people familiar with the situation. [ID:nSGE62U05L] (Compiled by Purwa Naveen Raman in Bangalore; Editing by Hans Peters)

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Comments (1)
doucederora wrote:
The expansion of the president’s signature $75 billion loan modification program will begin in the fall and be paid for with money from the Troubled Asset Relief Program. Contact us to find if your mortgage qualifies for loan modification http://bit.ly/b9pkjw it is free to find if you qualify

Mar 31, 2010 2:32am EDT  --  Report as abuse
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