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Market Chatter-Corporate finance press digest – Reuters


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Market Chatter-Corporate finance press digest – Reuters

  1. 1. Market Chatter-Corporate finance press digest – Reuters Tue Jan 29, 2013 1:15am ESTJan 29 (Reuters) – The following corporate finance-relatedstories were reported by media on Tuesday:* Royal Bank of Scotland is to pay as much as 250million pounds ($392.66 million) in bonuses to employees at aninvestment banking division heavily implicated in theLibor-rigging scandal, the Financial Times reported.* Siemens AG has picked banks to organise thesale of two units as part of its efforts to streamlineoperations and stay competitive in a weak global economy, peoplefamiliar with the matter told Reuters.* British broker Tullett Prebon has offered somesenior executives the opportunity to delay receiving bonusesuntil April to take advantage of a cut in income tax for topearners, a source inside the company told Reuters. 1/3
  2. 2. * Bausch & Lomb Inc’s private-equity owners are leaningtoward launching an initial public offering of shares in theeye-health company after possible buyers of the business balkedat the asking price of at least $10 billion, the Wall StreetJournal reported, citing people familiar with the matter.* Trian Fund Management LP, founded by activist investorNelson Peltz, has partially sold its stake in State Street Corp, the Wall Street Journal reported, citing peoplefamiliar with the decision.* Seymour Pierce is approaching rivals about injecting moneyinto or taking over the small-cap broker, the Financial Timesreported, citing people familiar with the discussions.* Indian private sector lender Axis Bank Ltd isselling shares to raise as much as $1 billion, two sources withdirect knowledge of the matter said, in the biggest equity dealin more than a month in Asia’s third-largest economy.* Warren Buffett made a bid to acquire New York StockExchange operator NYSE Euronext last November, but hisoffer was less than one already on the table fromIntercontinentalExchange Inc, two people familiar withthe matter said. 2/3
  3. 3. * Hostess Brands Inc is close to securing initial bids for its Drake’s cake business and four bread operations that could net the bankrupt bakery company more than $50 million, according to a source familiar with the matter. * Canadian pension fund Ontario Teachers’ Pension Plan has emerged as a final-round bidder for the fibre-optics business of Leighton Holdings Ltd, according to sources with knowledge of the matter, a business that analysts have said could fetch as much as A$870 million ($905.45 million). Source Article from Market Chatter-Corporate finance press digest – Reuters 3/3Powered by TCPDF (