M&A

30 November, 2009

UPDATE 1-Market Chatter -- Corporate finance press digest

(Adds Credit Suisse, Deals of the day)

BANGALORE, Nov 30 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

* Investment bank Credit Suisse (CSGN.VX) will set up an in-house outsourcing centre in Mumbai, the Economic Times reported. [ID:nBOM364720]

* Dubai World has refused to offload assets at fire sale prices to repay obligations, forcing it to seek a debt standstill, al-Ittihad reported on Sunday quoting an unnamed source at the government-controlled firm. [ID:nGEE5AS00E]

* British budget airline Flybe and five oil companies are planning initial public offerings in London next year which are expected to value them collectively at 1.5 billion pounds ($2.46 billion), the Sunday Times reported. [ID: nGEE5AS0AW]

* Promethean, a UK manufacturer of interactive whiteboards, is planning an initial public offering that would value the company at 400 million to 500 million pounds ($655.2 million - $819 million), the Financial Times reported on Sunday. [ID:nN29401204]

* Lachlan Murdoch, the oldest son of media mogul Rupert Murdoch, is close to a joint offer for a group of trade magazines, including Billboard and The Hollywood Reporter, the Financial Times reported on Sunday. [ID:nN29421531]

For Deals of the day, please click on [ID:nSP460479] (Compiled by Shivani Singh; Editing by Hans Peters) ((shivani.singh@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging:shivani.singh.thomsonreuters.com@reuters.net))

Source: http://www.reuters.com