Market Chatter -- Corporate finance press digest

Thu Nov 5, 2009 5:06am GMT
 
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BANGALORE, Nov 5 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* An investment company controlled by the Shanghai city government will own a majority stake in a planned Disney theme park that won key government approval this week, the People's Daily reported on Thursday. [ID:nPEK149523]

* China Pacific Insurance (Group) Co Ltd (601601.SS), China's third-largest life insurer, plans to carry out its planned Hong Kong listing by Christmas, the official China Securities Journal said on Thursday. [ID:nSHA144989]

* Scripps Networks (SNI.N) is close to an agreement to acquire a majority stake in the Travel Channel from Cox Communications [COXC.UL], the nation's third-largest cable company, the New York Times' DealBook blog reported on Wednesday. [ID:nN0472241]

* British real estate developer Quintain Estates and Development (QED.L) is set to launch a 180 million pounds ($296.5 million) rights issue on Thursday, the Daily Telegraph reported. [ID:nL4311648] (Compiled by Tresa Sherin Morera; Editing by Valerie Lee)

 

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