Market Chatter- Corporate finance press digest
Oct 28 (Reuters) - The following corporate finance-related stories were reported by media:
* NTT Communications Corp plans to buy two U.S. cloud computing firms for up to 100 billion yen ($1 billion) combined, a source with knowledge of the matter said, as Japanese firms ramp up efforts to improve overseas networks through acquisitions.
* Huishang Bank Corp Ltd plans to launch its Hong Kong IPO next week, seeking to raise up to $1.3 billion to bolster its balance sheet after years of steep growth in lending, in the biggest listing of a financial firm in the city in three years.
* Asian private equity firm MBK Partners has put Techpack Solutions Co Ltd on the auction block, people familiar with the matter said on Monday, in a deal that could fetch up to 600 billion won ($565 million) for the South Korean bottler.
* Washington law firm Patton Boggs, well known for its lobbying and public policy work, is in talks to merge with a larger U.S. law firm, according to two former partners and a person with inside knowledge of the deal.
* Drug maker Dendreon Corp is looking for a suitor after sales for its lead product, prostate cancer drug Provenge, were weaker than expected, according to a Bloomberg report.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- 'Duck Dynasty' anti-gay fallout sparks debate on religion, tolerance
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion |