May 21, 2014 / 5:55 AM / in 4 years

UPDATE 1-Market Chatter-Corporate finance press digest

(Adds Spotless Group, BNP Paribas; updates item on 1Malaysia Development)

May 21 (Reuters) - The following corporate finance-related stories were reported by media:

* The top foundation shareholder of Italy’s Banca Carige is placing a 15 percent stake in the lender in a range of 0.435 to 0.48 euros per share, a market source said on Tuesday.

* Australia’s Spotless Group Holdings Ltd will raise A$950 million ($880.4 million) in the country’s biggest IPO of the year even though it priced its shares at the bottom of its target range, a source close to the deal told Reuters.

* State investor 1Malaysia Development Bhd (1MDB) has won a six-month extension on a 6.17 billion ringgit ($1.9 billion) bridge loan, giving it more time to launch a planned IPO of its power assets to cut the debt, people familiar with the matter said.

* Clayton, Dubilier & Rice LLC is in advanced talks to acquire wound care company Healogics Inc from private equity peer Metalmark Capital Holdings LLC for around $1 billion, according to people familiar with the matter.

* Private equity firm Warburg Pincus LLC is close to a deal to acquire Wencor Group LLC, a manufacturer of commercial aircraft parts, for between $800 million and $900 million, people familiar with the matter said on Tuesday.

* The private equity owner of Pro Mach Inc is exploring a sale of the packaging equipment maker that could value it at close to $1 billion, according to people familiar with the matter, the latest in a wave of such deals in the sector.

* UK holiday-to-insurance firm Saga has covered the books for the 550 million pounds ($926.67 million) of new shares it is issuing in its London initial public offering, two sources familiar with the matter said on Tuesday.

* U.S. authorities are seeking more than $5 billion from BNP Paribas SA to settle federal and state investigations into the French lender’s dealings with sanctioned countries, Bloomberg reported, citing a person familiar with the matter.

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