April 18 The following corporate finance-related stories were reported by media on Thursday:
* Hulu, jointly controlled by Walt Disney Co and News Corp, has hired Guggenheim Partners to advise on a sale of the company, even as the financial services firm is considering making its own bid for the video streaming service, three sources with knowledge of the matter told Reuters.
* Diversified manufacturer Roper Industries Inc is in advanced talks to buy Managed Health Care Associates, a privately held healthcare services provider, for about $1 billion, two people familiar with the matter said on Wednesday.
* Private equity owners of Numericable have asked banks to pitch on a possible stock exchange listing this year that could value the French cable company at around 4 billion euros ($5.22 billion), three people with knowledge of the plan said.
* Commerzbank AG, Germany's second-biggest lender, is in exclusive talks to sell its UK property business Eurohypo to private equity firm Lone Star and U.S. bank Wells Fargo & Co , the Financial Times reported, citing people familiar with the talks.
* MacDon Industries Ltd, one of North America's largest manufacturers of windrowers, is looking for a buyer in a deal that could fetch around $1 billion and is being advised by Goldman Sachs Group Inc, four people familiar with the matter said on Wednesday.
* India's largest airport developer GMR Airports will sell shares in a public offer this financial year to raise roughly 20 billion rupees ($369.28 million) for expansion and to help a clutch of private equity investors to sell shares in the company, The Economic Times reported, citing two people familiar with the development. ()
* Gladedale, one of a glut of housebuilders which ran into financial trouble during the 2009 banking crisis, is being groomed for a sale amid a sharp upturn in the industry's fortunes, Sky News reported, citing insiders. ()
* ING Groep NV is expected raise about $1.4 billion when it floats the initial public offering of its U.S. retirement, investment and insurance arms next month, the Financial Times reported. ()
* Greece received on Wednesday at least one binding bid in the privatisation of its gambling monopoly OPAP, sources close to the sale said on Wednesday.
Trending On Reuters
The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. Full Article