Dec 28 The following corporate finance-related stories were reported by media on Friday:
* Private equity firm American Securities LLC said on Thursday it sold a U.S. media production company to peer Crestview Partners, in one of the clearest examples yet of a firm rushing to close a deal before the end of the year to avoid a potentially larger tax bill.
* Software maker Synchronoss Technologies Inc said it bought NewBay, the cloud services unit of Research In Motion Ltd , for $55.5 million in cash.
* Struggling Japanese TV maker Sharp Corp's plan to sell its Nanjing plant in China to Taiwan's Hon Hai Precision Industry Co Ltd has been frozen and may not materialise, a source familiar with the matter said on Thursday.
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India's biggest steel manufacturer, Tata Steel Ltd said its fourth quarter loss narrowed on lower costs and a smaller charge on impairment of assets. Full Article