June 21, 2013 / 6:06 AM / 4 years ago

Market Chatter-Corporate finance press digest

June 21 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* U.S. energy companies Hess Corp and Newfield Exploration Co have launched two separate auctions to sell part of their Asian oil and gas field stakes that have a combined value of about $3 billion, people familiar with the matter said.

* Rockwood Holdings Inc has cancelled a combined auction of its titanium dioxide and performance additives units after failing to attract the offers it was hoping for, four people familiar with the matter said on Thursday.

* Wal-Mart Stores Inc is considering bids from retirement plan managers to run its $15.6 billion 401(k) programme, which has been administered by Bank of America’s Merrill Lynch unit for 15 years, according to three sources familiar with the situation.

* Private equity firm Leonard Green & Partners LP is nearing a deal to buy United States Infrastructure Corporation (USIC), two people familiar with the matter said this week, in a deal that could be valued at between $700 million and $800 million.

* Casino owner Macau Legend Development Ltd postponed an up to $786 million initial public offering in Hong Kong, sources said on Friday, the latest casualty of volatile global markets.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below