June 4, 2014 / 3:46 AM / 3 years ago

Market Chatter- Corporate finance press digest

June 4 (Reuters) - The following corporate finance-related stories were reported by media:

* American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.

* Hutchison Whampoa has resumed talks with Russian telecoms group Vimpelcom over merging their Italian mobile firms, encouraged by Hutchison’s 3 getting the go-ahead last week for an acquisition in Ireland, according to several people familiar with the situation.

* Britain’s Tragus Group, which runs the Cafe Rouge and Strada chains, will shed more than 260 million pounds ($435.21 million) of debt and offload up to 40 restaurants in a sweeping restructuring by its new private equity owner, the Times reported, without citing sources.

* Volkswagen will likely issue new preference shares at 191 euros ($260) each in a transaction aimed at raising 2 billion euros ($2.72 billion), a person familiar with the matter said.

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