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UPDATE 1-Market Chatter -- Corporate finance press digest

Thu Nov 5, 2009 3:32am EST

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(Adds item on Agrium)

Stocks  |  Media  |  China  |  Cyclical Consumer Goods  |  Financials

BANGALORE, Nov 5 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* An investment company controlled by the Shanghai city government will own a majority stake in a planned Disney theme park that won key government approval this week, the People's Daily reported on Thursday. [ID:nPEK149523]

* China Pacific Insurance (Group) Co Ltd (601601.SS), China's third-largest life insurer, plans to carry out its planned Hong Kong listing by Christmas, the official China Securities Journal said on Thursday. [ID:nSHA144989]

* Scripps Networks (SNI.N) is close to an agreement to acquire a majority stake in the Travel Channel from Cox Communications [COXC.UL], the nation's third-largest cable company, the New York Times' DealBook blog reported on Wednesday. [ID:nN0472241]

* British real estate developer Quintain Estates and Development (QED.L) is set to launch a 180 million pound ($296.5 million) rights issue on Thursday, the Daily Telegraph reported. [ID:nL4311648]

* In the latest twist in a takeover battle running since January, Canadian fertilizer maker Agrium Inc (AGU.TO) is planning to make a final offer for CF Industries Holdings Inc (CF.N) on Thursday, the Wall Street Journal said, citing people familiar with the matter. [ID:nBNG318362]

For Deals of the day, please click on [ID:nSP167797] (Compiled by Tresa Sherin Morera, editing by Will Waterman)



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