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Market Chatter -- Corporate finance press digest

Fri Sep 5, 2008 3:14am EDT
 
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LONDON, Sept 5 (Reuters) - The following corporate finance-related stories involving European, U.S. and Asian companies were reported by media on Friday:

* Spain's Promotora de Informaciones SA, or Prisa, received preliminary interest from six potential bidders to buy its satellite television business Digital+, the Wall Street Journal reported, citing a person close to the situation.

Prisa (PRS.MC: Quote, Profile, Research, Stock Buzz) is in talks with Telefonica SA (TEF.MC: Quote, Profile, Research, Stock Buzz), France Telecom SA (FTE.PA: Quote, Profile, Research, Stock Buzz), Vivendi SA (VIV.PA: Quote, Profile, Research, Stock Buzz), Mediaset SpA (MS.MI: Quote, Profile, Research, Stock Buzz), Telefonos de Mexico SAB (TELMEXL.MX: Quote, Profile, Research, Stock Buzz) and with News Corp (NWSa.N: Quote, Profile, Research, Stock Buzz), the newspaper said.

* French utility EDF (EDF.PA: Quote, Profile, Research, Stock Buzz) has moved closer to a deal to buy nuclear generator British Energy (BGY.L: Quote, Profile, Research, Stock Buzz) after fruitful talks with some of the company's biggest investors, the Financial Times said on Friday. [ID:nBNG322126]

* Altria Group Inc (MO.N: Quote, Profile, Research, Stock Buzz) is in advanced talks to buy US Inc (UST.N: Quote, Profile, Research, Stock Buzz), known for its Skoal and Copenhagen smokeless tobacco brands, for more than $10 billion, the New York Times said, citing people close to the negotiations. [ID:nWNAB9683]

* India's Tata Group is eyeing a spin-off of its international steel assets, including Corus, in an overseas listing that could raise billions of dollars to help bankroll the steel unit's (TISC.BO: Quote, Profile, Research, Stock Buzz) expansion, the FT reported.

* Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) is trying to sell computer factories around the world in efforts to cut cost and improve profitability, the Wall Street Journal said. [ID:nWNAB9682]

* Lehman Brothers Holding Inc LEH.N is considering a plan to put some $32 billion of its commercial real estate and mortgage assets in a new company and spin it off, Bloomberg reported on its website on Thursday. [ID:nN04417001]

* India's Oil and Natural Gas Corp (ONGC.BO: Quote, Profile, Research, Stock Buzz) is in talks to acquire Canada's Tanganyika Oil Co Ltd TUKSsdb.ST for about $1.2-1.5 billion, the Mint newspaper reported on Friday, quoting unidentified sources familiar with the deal. [ID:nDEL321245]  Continued...

 
A customer looks at televisions for sale at a store which buys and sells second-hand items in Madrid October 9, 2008. REUTERS/Andrea Comas
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