Market Chatter-Corporate finance press digest

Fri Jun 21, 2013 2:06am EDT

June 21 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* U.S. energy companies Hess Corp and Newfield Exploration Co have launched two separate auctions to sell part of their Asian oil and gas field stakes that have a combined value of about $3 billion, people familiar with the matter said.

* Rockwood Holdings Inc has cancelled a combined auction of its titanium dioxide and performance additives units after failing to attract the offers it was hoping for, four people familiar with the matter said on Thursday.

* Wal-Mart Stores Inc is considering bids from retirement plan managers to run its $15.6 billion 401(k) programme, which has been administered by Bank of America's Merrill Lynch unit for 15 years, according to three sources familiar with the situation.

* Private equity firm Leonard Green & Partners LP is nearing a deal to buy United States Infrastructure Corporation (USIC), two people familiar with the matter said this week, in a deal that could be valued at between $700 million and $800 million.

* Casino owner Macau Legend Development Ltd postponed an up to $786 million initial public offering in Hong Kong, sources said on Friday, the latest casualty of volatile global markets.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.