Market Chatter -- Corporate finance press digest
Reuters
Published Jun 29, 2009 02:52AM ET
LONDON, June 29 (Reuters) - The following corporate finance-related stories were reported by media on Monday:
* Anglo American is building its defences against a 41 billion pound ($67.74 billion) merger approach from Xstrata by plotting talks about a major Chinese investment, the Sunday Telegraph reported.
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* British mobile phone operator Vodafone Group Plc is considering a bid for T-Mobile UK, even though any deal could be stopped by regulators, the Financial Times reported on Monday.
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* Switzerland's UBS is to pay 3 to 5 billion Swiss francs ($2.77-$4.62 billion) in the next two weeks to settle a U.S. tax probe into the bank, Swiss newspaper Sonntag reported on Sunday.
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* China National Offshore Oil Corp (CNOOC) and Petrochina are planning bids for a stake in Canadian oil firm InterOil Corp's natural gas project that could be worth up to $500 million, the South China Morning Post reported on Monday.
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* Microsoft has hired Morgan Stanley to sell Razorfish, its digital agency, and French marketing company Publicis Groupe SA is thought to be a possible bidder, the Financial Times said on Sunday.
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* The potential buyer of General Motors Corp's Hummer division will begin formal talks with Chinese regulators on Monday in an effort to win approval for its acquisition, The Wall Street Journal said on Saturday.
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* British train and bus operator National Express Group Plc has rejected an unsolicited takeover bid from rival FirstGroup Plc, the Financial Times reported on Monday, without citing sources.
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(Compiled by Douwe Miedema; Editing by Jon Loades-Carter)
Written By: Reuters
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