Oct 25 The following corporate finance-related
stories were reported by media on Thursday:
* Private real estate investor Starwood Capital Group will
buy LNR Property LLC, the largest U.S. special servicer of sour
mortgages, for more than $1 billion, the Wall Street Journal
reported, citing two people with knowledge of the deal.
* Scandinavian airline SAS AB will ask employees to
take pay cuts of between 15 and 25 percent as part of a plan to
slash costs and return to profit, Danish newspaper Berlingske
reported, citing unnamed sources.
* Admiralty Arch, one of London's most distinctive
buildings, has been sold to Rafael Serrano, a Spanish investor,
for a figure near 60 million pounds ($96.18 million), the
Financial Times reported.