Market Chatter- Corporate finance press digest

Mon Oct 13, 2014 12:25am EDT
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Oct 13 (Reuters) - The following corporate finance-related stories were reported by media:

* Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators, according to the Wall Street Journal.

* The People's Operator (TPO), a mobile phone company that donates 10 percent of each user's bill to charity, is planning to list its shares in London to raise funds for expansion into the United States, a source familiar with the deal said.

* India's third-largest steelmaker, JSW Steel Ltd, is nearing a deal to buy embattled West African iron ore miner London Mining Plc, a source with direct knowledge of the negotiations told Reuters.

* U.S.-based private equity fund TPG Capital will purchase a minority stake in Indian microfinance institution Janalakshmi Financial Services Ltd for 6.10 billion rupees ($99.55 million), the Economic Times reported, citing two people with direct knowledge of the plan. (   Continued...