April 5 The following corporate finance-related
stories were reported by media on Friday:
* Blackstone Group LP will visit Dell Inc's
headquarters on Monday to begin an in-depth analysis of the
company, sources said, a strong sign the buyout firm is
proceeding with an offer that could upset founder Michael Dell's
$24.4 billion buyout bid.
* Rio Tinto Plc has hired investment bank Macquarie
to sell its majority stake in the Northparkes copper mine in
Australia, a source familiar with the matter said, adding to a
growing list of planned divestments.
* The Bank of Italy has ordered former top executives of
Monte dei Paschi di Siena to pay a total of 5 million
euros ($6.43 million) for a lack of controls over risky trades
at the bank, two sources close to the situation said.
* UK drinks group Diageo Plc's mandatory tender
offer to buy up to 26 percent of shares in India's United
Spirits Ltd will start on April 10 and end on April
26, a manager for the deal said on Friday.
* MF Global Holdings Ltd's court-appointed
trustee has blamed Jon Corzine's dangerous trading strategy and
inadequate risk controls for helping to bring down the
brokerage, the Financial Times reported. ()
* Deutsche Telekom AG is looking into improving
the terms of a proposed merger of its T-Mobile USA unit with
MetroPCS Communications Inc as a last resort to win over
shareholders ahead of a vote on the deal next week, two people
familiar with Deutsche Telekom's thinking said on Thursday.
* Italy will hike its planned target for government bond
issuance in 2013 and 2014 to pay off a portion of outstanding
state debts to the private sector, a senior treasury source told
* Cerberus Capital Management LP CBS.UL will try to increase
its stake in Japan's Seibu Holdings to 44.7 percent from 32.4
percent and proposed eight members to the board, stepping up a
battle with the railway and real estate group's management.
* The mystery lender behind a Thai billionaire's $9.4
billion purchase of a stake in China's No.2 insurer was UBS AG
, which offered a last minute and complex financing
package known to only a few involved, people with knowledge of
the matter told Reuters.
* Restructuring specialist Hilco is set to throw British
entertainment retailer HMV a lifeline in a
50-million-pound ($75.90 million) deal that will save 2,500
jobs, Sky News reported.
* Revised takeover offers for Australia's Billabong
International Ltd have come in considerably lower than
indicative bids, with the highest valuing the struggling
surfwear firm at only A$287 million ($298.67 million), the
Australian Financial Review reported on Friday.
* The family owners of Italian suitmaker Pal Zileri are
looking to sell their holding and bring in external investors to
boost the brand's international expansion and revive its
fortunes, sources close the matter have said.