April 22 The following corporate finance-related
stories were reported by media on Monday:
* As many as half of the 21 companies that the British
government holds shares in could be wholly or partly privatised
within five to eight years, the Financial Times reported on
Sunday, citing Mark Russel who heads the Shareholder Executive.
* Kawasaki Heavy Industries Ltd and Mitsui
Engineering & Shipbuilding Co Ltd will begin talks on a
possible merger, according to three sources familiar with the
* U.S. financial services company Ameriprise Financial
is lining up an 800 million pound ($1.22 billion)bid for
Lloyds Banking Group's Scottish Widows asset management
arm, the Sunday Times reported.
* Hewlett-Packard Co, the world's largest PC maker,
may sell its stake in India's Mphasis Ltd, Mint
* France-based electrical goods retailer Darty Plc
has been put up for sale, according to French daily Le Figaro.
* U.S. private equity firm TPG Capital is putting China's
UniTrust Finance & Leasing Corp up for sale, seeking $800
million, and has hired Morgan Stanley and UBS to handle the
deal, people with knowledge of the matter told Reuters.
* American Tower Corp is in fresh discussions to
acquire TowerVision India, a smaller independent telecom tower
management firm, jointly owned by Israel's Fore Group and
private equity firm Quadrangle, the Times of India reported. ()