M&A

19 November, 2009

UPDATE 1-Market Chatter -- Corporate finance press digest

(Adds Blackstone)

BANGALORE, Nov 19 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Blackstone Group's (BX.N) Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, the Wall Street Journal said, citing people familiar with the matter. [ID:nBNG394224]

* Taiwan's Ministry of Economic Affairs rejected a $2.15 billion bid for the island's biggest life insurer Nan Shan Life Insurance by China Strategic Holdings (0235.HK) and Primus Financial, the South China Morning Post reported on Thursday, citing four people with direct knowledge of the decision. [ID:nHKG202096] (Compiled by Purwa Naveen Raman in Bangalore)

Source: http://www.reuters.com