March 19 The following corporate finance-related
stories were reported by media on Wednesday:
* Barclays Plc, the second-largest U.K. bank by
assets, plans to solicit offers in the next month for its index
business, which could fetch $400 million in a sale, people with
knowledge of the matter told Bloomberg. (link.reuters.com/fad77v)
* Japan's Fast Retailing Co Ltd, parent of apparel
chain Uniqlo, is no longer in talks to buy U.S. clothing
retailer J.Crew Group Inc from its private equity owners, three
people familiar with the matter said on Tuesday.
* Blackstone Group LP is working on a higher takeover
bid for industrial conglomerate Gates Global Inc after its
previous offer of roughly $5.5 billion was turned down by Gates'
owners last week, people familiar with the matter said on
* Chinese e-commerce giant Alibaba Group Holding Ltd will
hold the kickoff meeting for its planned U.S. initial public
offering on March 25, setting in motion the most high-profile
listing since Facebook Inc's offering nearly two years ago,
sources familiar with the plans said on Tuesday.
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(Compiled by Aashika Jain in Bangalore)