marinade seated: Market Chatter-Corporate finance press digest

Saturday, May 11, 2013

May 10 (Reuters) - The following corporate finance-related

stories were reported by media on Friday:

* Activist investor Carl Icahn and Southeastern Asset

Management Inc, two of Dell Inc's largest shareholders,

have proposed an alternative to a $24.4 billion buyout deal led

by founder Michael Dell, the Wall Street Journal reported.

* U.S. private equity firm Carlyle Group has

submitted a bid for Anglo-Australian miner Rio Tinto's

80 percent stake in the Northparkes copper mine in Australia,

Dow Jones reported.

* China's $482 billion sovereign wealth fund China

Investment Corp is set to appoint a vice mayor of

Shanghai as its new chairman, three sources with knowledge of

the deal told Reuters.

* Banks have been approached about a potential syndicated

loan to back the privatisation of Royal Mail Group,

banking sources said on Thursday.

* Royal Dutch Shell and India's Oil and Natural Gas

Corp are exploring the possibility of a strategic

tie-up to jointly bid for global oil and gas assets, the

Economic Times reported. ()

* Bankers are looking towards the U.S. debt market to raise

900 million euros ($1.18 billion) for a buyout of industrial

ceramics firm CeramTec, spurning Europe where risky debt is in

shorter supply, bankers said on Thursday.

* French insurer Scor has emerged as the lead

bidder for Generali's U.S. life reinsurance business

in a deal that could be announced shortly, two people familiar

with the matter said.

marinade seated