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.
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India has signed a pact with Boeing Co for purchasing four maritime spy planes at an estimated $1 billion, defence and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean. Full Article