Feb 26 The following corporate finance-related
stories were reported by media on Tuesday:
* Goldman Sachs Group Inc will begin its annual job
cutting process as early as this week, sources familiar with the
matter said on Monday, with its equities-trading business
bracing for bigger cuts than fixed-income trading.
* German coalition lawmakers have agreed a draft law that
will require traders to get authorisation for high-frequency
trading but won't force them to hold investments for minimum
periods, a coalition source said.
* Vivendi SA is delaying the sale of its Brazilian
telecom unit GVT after the French group failed to obtain offers
near its preferred price of 7 billion euros ($9.25 billion),
French daily Les Echos reported on its website on Monday without
* Royalty Pharma, a private equity group that
buys the rights to patented drugs, has made a bid to acquire
Elan, the Dublin-based pharmaceutical business, in a deal
valuing the company's equity at $6.6 billion, the Financial
* Carestream Health Inc, which provides medical
imaging systems and other healthcare technology solutions, is
looking for a buyer in a deal that could fetch as much as $3.5
billion, people familiar with the matter said.
* Negotiations between Anheuser-Busch InBev SA and
the U.S. Department of Justice are moving them closer to a
settlement over the brewer's planned purchase of Mexico's Grupo
Modelo, said two sources familiar with the matter.
* Private equity firm Carlyle Group LP is preparing
to sell aerospace and defence company Arinc Inc and hired
JPMorgan Chase & Co and Evercore Partners Inc to
advise on the process, three people familiar with the matter
* Executives at JPMorgan Chase & Co will announce a
jump in international revenues and increased cross-selling
between the commercial and investment banks on Tuesday in the
first investor day since the "London whale" trading debacle,
according to the Financial Times.
* ISS is in talks over a refinancing or an extension of its
32 billion Danish crown ($5.67 billion) debt, banking sources
said, adding the Danish outsourcing firm may list its shares