UPDATE 1-Market Chatter -- Corporate finance press digest
BANGALORE, Aug 10 (Reuters) - The following corporate finance-related stories were reported by media on Monday:
* U.S. power producer Dynegy Inc (DYN.N) will sell nine U.S. power plants to its one-time development partner LS Power Associates L.P, the Wall Street Journal said on Monday. [ID:nBNG480273]
* Japan's largest chemicals firm Mitsubishi Chemical Holdings (4188.T) is in talks to buy resin maker Mitsubishi Rayon (3404.T) in a deal worth up to $2.1 billion, the Nikkei business daily said, a move that could help it catch up with global rivals. [ID:nT344308]
* Financial services firm Edelweiss Capital Ltd (EDEL.BO) is in talks with Japanese insurance group Tokio Marine Holdings (8766.T) for a possible joint venture in life insurance, a newspaper reported on Monday, without citing any sources. [ID:nBOM480445]
* UK insurer Friends Provident FP.L and Resolution (RSL.L) resurrected merger talks this weekend with Resolution putting forward a new offer, according to the Sunday Times and the Sunday Telegraph. [ID:nL98528]
* German railways operator Deutsche Bahn [DBN.UL] is unlikely to list on the stock exchange before 2013, the group's chief executive said in a magazine interview released on Sunday. [ID:nL915629]
* Libya and India's Essar are both bidders for Shell's (RDSa.L) Stanlow refinery in the UK, according to a report in the Sunday Times. [ID:nL922734]
* RHJ International said it has no plans to close Vauxhall's two manufacturing plants in Britain, according to a report in the Sunday Times. [ID:nL9623556]
* Stockbroker Astaire Securities, formerly known as Blue Oar, is mulling a bid for rival Daniel Stewart (DAN.L), according to a report in the Independent on Sunday. [ID:nL936205]
* U.S.-Swiss talks to settle a tax evasion row against UBS have stalled as the two states have yet to agree legal details on how to allow the transfer of some bank clients' data to Washington, a Swiss paper said on Sunday. [ID:nL9571316]
* Lloyds Banking Group (LLOY.L) may consider a multi-billion pound share issue as part of a partial withdrawal from the government's asset protection scheme, according to a report in the Sunday Times. [ID:nL918768] (Compiled by Shivani Singh, editing by Will Waterman)
