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Market Chatter -- Corporate finance press digest

Tue Oct 21, 2008 2:48am EDT

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LONDON, Oct 21 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media on Tuesday:

* A top executive at Merrill Lynch & Co Inc MER.N, which last month accepted a takeover offer from Bank of America Corp (BAC.N), is likely to leave with more than $10 million in compensation, people familiar with the situation told the Wall Street Journal. [ID:nBNG142991]

* Polish oil venture Petrolinvest is in talks with private equity funds to sell up to $250 million worth of new shares to raise cash for drilling in Kazakhstan, the daily Parkiet quoted the chief executive as saying. [ID:nLL700745]

* The chief executive of leading UK bank Lloyds TSB (LLOY.L) has told its staff that they will still get their bonuses this year, the Guardian reported. [ID:nLL631650]

* Software developer CryptoLogic (CRY.TO) (CRYP.O) is in talks with PartyGaming (PRTY.L) over the two companies' poker businesses to save costs, the Financial Times said. [ID:nLK646382] (Compiled by Olesya Dmitracova)



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