Market Chatter-Corporate finance press digest

Tue Feb 26, 2013 11:26pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Feb 27 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Russian oil producer Rosneft is expected to win unconditional European Union regulatory approval for its TNK-BP takeover bid, a source familiar with the matter said, taking it closer to completing the $55 billion deal.

* The Co-operative Bank's deal to buy more than 600 branches from Lloyds Banking Group is under threat as the Co-op faces a 1 billion pound capital hole, the Financial Times reported.

* Barclays Plc is expected to reveal next week that as many as 600 of its staff are paid more than 1 million pounds ($1.51 million), in the most detailed disclosure yet about how much its 140,000 employees take home each year, The Guardian reported.

* Canadian securities regulators want to change the rules on takeover defences to make it more difficult for hostile bidders to buy Canadian companies, the Globe and Mail reported on Tuesday.   Continued...