Market Chatter-Corporate finance press digest

Wed Apr 10, 2013 2:03am EDT
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April 10 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Thermo Fisher Scientific Inc made a binding offer for Life Technologies Corp on Tuesday as private equity firms raced to finalise a consortium to take the genetic testing equipment maker private, several people familiar with the matter told Reuters.

* Spanish banking group La Caixa is looking to sell a package of 12,000 properties for more than 1.5 billion euros ($2 billion), in what would be a rare large-scale disposal of housing assets held by lenders, a source with knowledge of the talks said.

* China's Baoshan Iron and Steel (Baosteel) is in talks with Russian steel and coking coal producer Mechel to buy a 25 percent stake valued at up to $1.25 billion in the latter's mining division, Vedomosti newspaper reported on Wednesday.