March 8 The following corporate finance-related
stories were reported by media on Friday:
* Barclays Plc Chief Executive Antony Jenkins has
told investors that cost reduction is his absolute priority and
he wants to find a way for the bank to operate with as few as
100,000 staff - a near 30 percent reduction on its current
* Technology products retailer CDW, which was taken private
by Madison Dearborn Partners LLC and Providence
Equity Partners for $7.3 billion in 2007, has hired banks for an
initial public offering later this year, people familiar with
the matter said.
* Citigroup Inc put its consumer finance units in
Brazil up for sale, a source with knowledge of the situation
told Reuters on Thursday, in a deal that might fetch the New
York-based bank as much as 1.5 billion reals ($765.01 million).
* New York private-equity firm KKR & Co LP has
reached a deal to buy industrial-pumps manufacturer Gardner
Denver Inc for $76 a share, valuing the company at
roughly $3.74 billion, the Wall Street Journal reported, citing
a person familiar with the matter.
* U.S. Federal Reserve stress tests identified Goldman Sachs
Group Inc as one of the weaker financial groups on Wall
Street but gave Citigroup Inc confidence to announce a
planned $1.2 billion share buyback.
* China National Petroleum Corp is in talks to
buy a 10 to 20 percent stake in Italian oil company Eni SpA's
giant Mozambique gas field according to an Italian
government source, a deal that could be worth as much as $3.75
* CVC Capital Partners has secured about $200 million in
initial pledges from cornerstone investors, including Och-Ziff
Capital Management Group LLC and asset manager Schroders
Plc, for its up to $1.5 billion share offer in
Indonesian retailer Matahari Department Store Tbk PT,
sources with direct knowledge of the matter said.
* Sharp Corp may sell new shares to help it repay a
$2.1 billion convertible bond due in September, after a deal
with Samsung Electronics Co raised $111 million in
return for a 3 percent stake in the Japanese company, three
sources familiar with the matter said.
* OneWest Bank, which emerged from the wreckage of failed
lender IndyMac, has held informal discussions with New York
Community Bancorp about a possible sale, three sources
told Reuters this week.
* Spain's Liberbank is aiming to float on the stock market
at the end of April, two sources familiar with the situation
said, in what would be the first new listing of a lender since
Spain requested a European rescue for the ailing sector.
* The boards of Italian motorway company Atlantia SpA
and Generale Mobiliare Interessenze Azionarie SpA
, which owns Rome airport operator ADR, are expected to
approve terms of their planned merger on Friday, sources close
to the situation told Reuters.
* U.S. private equity firms Blackstone Group LP and
TPG Capital Management LP have placed separate final
bids for Australia's largest poultry producer, Inghams Chicken,
sources with direct knowledge of the matter told Reuters on