M&A

9 November, 2009

UPDATE 2-Market Chatter -- Corporate finance press digest

(Adds Sistema)

BANGALORE, Nov 9 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Russian oil-to-telecoms group Sistema (SSAq.L) is in talks to acquire mid-sized oil company Russneft from tycoon Oleg Deripaska, having bought an oil and refining hub in the Urals this year, a newspaper reported. [ID:nL9363663]

* General Motors Co [GM.UL] is planning to invest almost C$100 million ($93.6 million) at the CAMI Automotive plant in Ingersoll, Ontario, the Globe and Mail said, citing sources familiar with GM's plans. [ID:nBNG431188]

* Indian energy giant Reliance Industries (RELI.BO) is close to a nearly $6 billion overseas acquisition and the likely target is the assets of petrochemicals firm LyondellBasell, the Economic Times reported, citing an unidentified banker. [ID:nBOM396979]

* NYSE Euronext (NYX.N)(NYX.PA), parent of the New York Stock Exchange, has expressed strong interest in a China listing as the country prepares to allow for such listings, Hong Kong media reported. [ID:nHKG207782]

* Sprint Nextel Corp (S.N). is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter. [ID:nN08210265]

* Private equity fund CVC has pulled out of talks with General Electric (GE.N) about a possible joint bid for the power and transmission unit of France's Areva (CEPFi.PA), a French financial news service reported on Sunday. [ID:nN08197319]

* Tobacco giant Reynolds American Inc (RAI.N). is in advanced talks to buy a Swedish maker of products that help people stop smoking, the Wall Street Journal reported on Sunday. [ID:nN08206537]

For Deals of the day, please click on [ID:nSP357497] (Compiled by Shivani Singh)

Source: http://www.reuters.com