Market Chatter-Corporate finance press digest
Market Chatter-Corporate finance press digest
Aug 13 (Reuters) – The following corporate finance-related stories were reported by media on Tuesday: * Mizuho Financial Group Inc has approached Australia and New Zealand Banking Group Ltd to buy ANZ’s 39.2 percent stake in PT Bank Pan Indonesia Tbk (Panin) valued at about $570 million, sources familiar with the matter told Reuters. * J.C. Penney Co Inc and hedge fund Pershing Square’s Bill Ackman are in talks to resolve their dispute over the leadership of the U.S. retailer, a source familiar with the situation said on Monday. * Chinese technology giant Tencent Holdings Ltd is planning to list its popular messaging app Weixin, or WeChat, as a spinoff company in Singapore, the official China Daily reported on Tuesday, citing an unnamed source.
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