UPDATE 1-Market Chatter-Corporate finance press digest
(Adds item on Cathay Financial)
Aug 27 (Reuters) - The following corporate finance-related stories were reported by media:
* Otter Products LLC, the privately held company that makes the OtterBox protective cases for mobile phones, is exploring a sale that could value the company at more than $2.5 billion, including debt, according to people familiar with the matter.
* DBRS Ltd, the privately held credit rating agency that competes with Standard & Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter.
* Ann Inc has hired JPMorgan Chase & Co to explore strategic alternatives, including a potential sale of the women's retailer, according to people familiar with the matter.