May 6 The following corporate finance-related
stories were reported by media:
* Malaysian state asset manager Permodalan Nasional Bhd
(PNB) is considering a proposal to merge four of its portfolio
companies to form Southeast Asia's second largest property firm
by assets, a source with direct knowledge of the matter said.
* Unlisted French retailer Auchan will buy nearly half the
Paris stores that rival Casino has to sell in order to
win regulatory clearance to take full control of Monoprix, a
source close to the matter said on Monday.
* Private equity firm Warburg Pincus LLC is
exploring a sale of New Breed Logistics Inc in a deal that could
value the supply chain management company at more than $1
billion, according to people familiar with the matter.
* Endurance Specialty Holdings Ltd is considering
increasing its offer to acquire rival reinsurer Aspen Insurance
Holdings Ltd to around $50 per share, or roughly $3.26
billion, people familiar with the matter said.
* Financial information services company Markit Ltd filed
with U.S. regulators to raise up to $750 million in an initial
public offering of common stock.
* India's Tata Group has set aside the funds required to buy
back NTT DoCoMo's 26.5 percent share in their telecom joint
venture as they are unlikely to find a third investor for the
Tata Teleservices stake before the end of June at the
price they are looking for, the Economic Times reported, citing
two people familiar with the matter. (r.reuters.com/daw98v)
* Carrefour India Managing Director Jean Noel Bironneau
downplayed reports of an exit from the country, although the
French supermarket giant is said to have dropped out of talks
with Bharti Enterprises, in turn prompting the Sunil
Mittal-owned group to resume negotiations with Japan's Aeon
Group, the Economic Times reported, citing people familiar with
the developments. (r.reuters.com/caw98v)
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(Compiled by Aastha Agnihotri in Bangalore)