Market Chatter- Corporate finance press digest
Oct 15 (Reuters) - The following corporate finance-related stories were reported by media:
* Swiss Re is considering selling Aurora National Life Assurance Co as it retreats from the U.S. life and health insurance market, people familiar with the matter told Bloomberg. ()
* The creditors of Energy Future Holdings remain at odds over how to split the Texas power company's equity in an expected bankruptcy as their confidentiality agreements lapse, several sources familiar with the matter said on Monday.
* Emulex Corp has held talks with a few private equity firms, including Francisco Partners LP, Thoma Bravo LLC and Thomas H. Lee Partners LP about selling itself, but a deal remains uncertain for the struggling chip maker, according to several people familiar with the matter.
* Spanish telecoms group Telefonica has started preparing the sale of its $3.6 billion stake in its listed Czech unit, three sector bankers closely following the process but not directly involved said on Monday.
* Brazilian phone company TIM Participaçoes SA is not up for sale, its chief executive told a local newspaper, denying reports that Telecom Italia SpA wants to sell its 67 percent stake.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions winners in Georgia, California to split $648 million |
- Fed cuts bond buying in first step away from historic stimulus |