Market Chatter-Corporate finance press digest
Dec 19 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:
* Pfizer Inc plans to cut about 20 percent of its sales force for primary-care drugs, Bloomberg News reported, as the pharmaceutical company copes with the loss of a patent for top-selling cholesterol drug Lipitor.
* United Parcel Service Inc has offered more concessions in a bid to win EU regulatory approval for its 5.2 billion euro ($6.87 billion) bid for TNT Express, two people familiar with the matter said.
* Industrial machinery maker SPX Corp is closing in on a roughly $4.2 billion deal to buy rival Gardner Denver Inc , as it makes progress in securing financing, a source familiar with the matter said.
* Getco Holding Company LLC will buy Knight Capital Group Inc for about $2 billion after sweetening its offer for the equities market-making firm to beat out rival Virtu Financial LLC, people close to the deal said.
* French state bank Caisse des Depots has teamed up with Abu Dhabi investment fund ADIA to form a powerful consortium to bid for Total SA's TIGF gas network business, sources said.
* BIDV, Vietnam's largest partly private lender by assets, has delayed its domestic share listing because of difficulties in financial markets and a stock market slump, the Vietnam Economic Times newspaper reported.
* India Infrastructure Finance Co Ltd said it will launch a $1 billion infrastructure debt fund, for which final approval from market regulator SEBI is expected soon, the Indian Express reported citing the Press Trust of India.
- Tweet this
- Share this
- Digg this
- India passes halfway mark in election with BJP gaining strength
- Bajaj Auto says union at Chakan plant plans work stoppage
- Japan will conduct Pacific whale hunt in wake of court ruling
- S.Korea ferry captain rushed back to bridge as ship listed - crewman
- Drone risks damage at record depth in search for Malaysian plane
The Election Commission has lifted a ban on a top aide of Hindu nationalist opposition leader Narendra Modi that had threatened to hobble his efforts to win votes in the country's most populous state. Full Article | Full Coverage