Market Chatter- Corporate finance press digest

Mon Jun 2, 2014 12:02am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 2 (Reuters) - The following corporate finance-related stories were reported by media:

* Japanese insurer Dai-ichi Life Co is in advanced talks to buy Protective Life Corp of the United States in a deal that could be worth over $5 billion, a source with direct knowledge of the matter said on Monday.

* Canadian equipment finance company Element Financial Corp is close to a deal to buy PHH Corp's auto fleet leasing business for about $1.35 billion in cash, two sources familiar with the matter said on Friday.

* U.S. private equity firm Catterton Partners is close to acquiring control of John Hardy after holding exclusive talks with the Bali-inspired jeweller for more than a month, sources close to the matter told Reuters.

* Australian private equity giant Pacific Equity Partners plans to follow the country's biggest market listing of the year with its second biggest, saying it wants to raise up to A$690 million ($642 million) by listing tampon and toilet paper maker Asaleo Care Ltd.   Continued...