December 16, 2014 / 4:28 AM / 3 years ago

Market Chatter- Corporate finance press digest

2 Min Read

Dec 16 (Reuters) - The following corporate finance-related stories were reported by media:

* Spanish oil major Repsol is close to buying Canada's fifth-largest independent petroleum producer, Talisman Energy, a source with knowledge of the matter said on Monday.

* The parent of Canada's Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto's Billy Bishop Airport, according to three sources familiar with the process.

* Puerto Rico's electric power authority, PREPA, is expected to ask bondholders to extend a forbearance agreement to give it more time to turn around its struggling operations, according to two people familiar with negotiations.

* InterContinental Hotels Group Plc has agreed to buy Kimpton Hotels & Restaurants for $430 million in cash, the Wall Street Journal reported, citing people familiar with the matter. (on.wsj.com/1BNmbLu)

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