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Glance-Market Chatter -- Corporate finance press digest
By: AFX | 10 Nov 2009 | 11:52 PM ET
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BANGALORE, Nov 11 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday: * British bus operator National Express Group Plc is expected to launch its rights issue on Wednesday, the Financial Times reported. * Indian software services firm Patni Computer Systems has shortlisted four firms for a multi-million dollar acquisition, the Mint newspaper reported, quoting Chief Executive Officer Jeya Kumar. * China's Zhejiang Geely Holding Group, vying to buy Ford Motor's loss-making Volvo unit, has developed a turnaround plan under which it hopes to double Volvo's sales to near 1 million vehicles a year, media reported. * China is drafting guidelines encouraging further consolidation of its steel industry, the China Securities Journal said. * Talbots Inc has hired an adviser to help it refinance $224 million in debt, Bloomberg reported on Tuesday, and shares of the women's clothing retailer closed down more than four percent. * United Technologies in nearing a purchase of General Electric Co's fire alarm and security systems unit for at least $1.8 billion, and a deal could be announced as early as Thursday, Bloomberg reported on Tuesday. (Compiled by Shivani Singh) Keywords: FINANCIAL CHATTER/ (shivani.singh@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging:shivani.singh.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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