July 31 The following corporate finance-related
stories were reported by media on Wednesday:
* South Africa's Standard Bank is in advanced talks
to sell its London commodity trading business to its biggest
shareholder Industrial and Commercial Bank of China,
a person familiar with the matter said on Tuesday.
* France's Schneider Electric is nearing a 3.3
billion pound ($5.07 billion) deal to acquire British engineer
Invensys and could announce it at its results on
Wednesday, three people with direct knowledge of the matter
* Vornado Realty Trust and Oxford Properties, the
real estate arm of an Ontario pension plan, are buying stakes in
650 Madison Avenue, joining two parties that had already agreed
to acquire the Manhattan building for $1.3 billion, three
sources told Reuters on Tuesday.
* Australia's Nine Entertainment, owned by two U.S. hedge
funds, is looking to raise up to A$1.2 billion ($1.1 billion) in
an initial public offering before the end of the year, a
newspaper reported on Wednesday.
* Management consulting firm Accenture Plc is in
talks to acquire rival Booz & Co, a deal that would beef up its
strategy and operations consulting services, the Wall Street
Journal reported on Tuesday, citing people familiar with the
* Quality Technology Services, the Kansas-based operator of
data centres serving businesses and government agencies, is
pursuing an initial public offering in the United States,
Bloomberg reported, citing people with knowledge of the matter.