Market Chatter -- Corporate finance press digest

Mon Nov 17, 2008 3:15am EST
 
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LONDON, Nov 17 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media on Monday:

* A restructuring used by Lloyd's, the insurance market that almost collapsed under heavy losses, could be an example for banks suffering under toxic debt and was the prototype of a "bad bank", the chairman of Lloyd's told the Financial Times.

* General Electric (GE.N) sees opportunities for media consolidation and in the infrastructure, oil and gas and aviation sectors, and has the resources to make them happen, its chief executive told the Financial Times [ID:nBNG130511].

* Cap Gemini CAP.PA chief Executive Paul Hermelin said the group is not planning any large-scale acquisitions at the moment, in an interview with La Tribune [ID:LH489485].

* Smit (SMTNc.AS) shareholder Delta Lloyd has unveiled a proposal to resolve a stand-off with Boskalis Westminster (BOSN.AS), which has made an unsolicited takeover bid for Smit, a Dutch newspaper reported on Monday [ID:nLH500816].

For deals of the day, click on [ID:SP378854]

(Compiled by Douwe Miedema; Editing by Hans Peters)

 
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