Feb 5 The following corporate finance-related
stories were reported by media on Tuesday:
* The Osaka Securities Exchange is investigating how
Universal Entertainment Corp accounted for millions of
dollars paid in 2010 to advance the Japanese firm's casino
project on Manila Bay, people with direct knowledge of the
* South Korean telecoms company KT Corp has
joined the competition to buy Vivendi's 53 percent
stake in Maroc Telecom, lining up banks to advise on a
deal potentially worth over $6 billion, two people familiar with
the situation said.
* Dutch telecoms group KPN is finalising plans to
raise as much as 4 billion euros ($5.42 billion) in new capital,
the Financial Times reported. The company, whose stakeholders
include Mexican billionaire Carlos Slim, is seeking to raise 2
billion euros to 4 billion euros in the form of a rights issue,
the paper said.
* Ryanair has offered rival Flybe 100
million euros to take some Aer Lingus routes off its
hands, a source close to the deal said on Monday, as the
European Commission prepares to decide on its 694-million-euro
offer for the Irish airline.
* SGX, the Singapore stock exchange, is in talks
to buy a stake in clearing house LCH.Clearnet, the Financial
Times reported, adding that the Asian exchange may participate
in the London Stock Exchange Group's purchase of LCH or
buy a separate stake.
* Siemens AG has picked banks to organise the
sale of two units as part of its efforts to streamline
operations and stay competitive in a weak global economy, people
familiar with the matter said.
* Dell Inc moved closer to a nearly $24 billion
buyout deal, a person familiar with the matter said, with price
negotiations narrowing to $13.50 to $13.75 a share in what would
be the biggest leveraged buyout since the financial crisis.
* The world's largest hedge fund, Bridgewater Associates,
told investors it will launch a new hedge fund this year, and
that it had sold a minor equity stake in the firm to an
unidentified buyer, the Wall Street Journal reported.
* U.S. billionaire John Malone's cable group Liberty Global
is preparing a bid for UK cable company Virgin Media
Inc, the Financial Times reported.
* Mercuria, one of the world's top oil traders, has hired
bankers for a partial sale, becoming the first of the
Swiss-based houses that dominate global raw materials trade to
follow Glencore in opening up to outside investors, the
Financial Times reported.