Market Chatter-Corporate finance press digest

March 15 Fri Mar 15, 2013 12:08am EDT

March 15 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Malaysia's Khazanah Nasional Bhd is seeking to buy General Electric's $1.8 billion stake in Bank of Ayudhya (BAY), sources familiar with the matter said, pitting it against Japanese banking giant Mitsubishi UFJ Financial Group (MUFG).

* International Business Machines Corp and EMC Corp are among parties in talks to buy privately held database web hosting company SoftLayer Technologies Inc, in a deal that could fetch over $2 billion, three sources close to the matter said.

* Glencore International Plc, the world's largest diversified commodities trader, is considering the sale of Australia's largest malt producer, Joe White Maltings, a source familiar with the matter said on Thursday.

* McKee Foods Corp is set to acquire Hostess Brands Inc's Drake's snack cake business for $27.5 million after no other qualified bids were submitted, according to a source close to the matter.

* Indian state-owned explorers Oil and Natural Gas Corp Ltd (ONGC) and Oil India Ltd have made a joint first-round bid for a 20 percent stake in a Mozambique oil and gas field being offered by U.S. explorer Anadarko Petroleum Corp and India's Videocon Group, a source directly involved in the matter told Reuters.

* DirecTV, the largest U.S. satellite television provider has decided to end its pursuit of Vivendi's GVT, complicating the sale of the Brazilian telecommunications operator, a DirecTV spokesman confirmed on Thursday.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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