Market Chatter-Corporate finance press digest

Yuanta Financial Holding

17/05/2013 04:46

May 17 (Reuters) - The following corporate finance-related stories were reported by media on Friday:  * Enterprise software company Marketo Inc  MKTO.O  priced its initial public offering of common stock at $13, the higher end of its expected price range, to raise $79.3 million, according to a person familiar with the matter.  ID:nL3N0DX3VH  * Sweden's Recipharm has hired UBS AG  UBSN.VX  to advise on either a partial sale of the pharmaceutical company or a listing on the Stockholm exchange, a source close to the process told Reuters on Thursday.  ID:nL6N0DX3PP  * Private equity firm Sun Capital Partners is exploring the sale of Emerald Performance Materials, a specialty chemicals company that could be worth more than $700 million, according to four sources familiar with the matter.  ID:nL2N0DX2JV  * Independent western U.S. refiner Tesoro Corp  TSO.N  may take ownership of BP Plc's  BP.L  240,000 barrel per day refinery in Carson, California, as early as June 1, sources familiar with the transaction said on Thursday. ID:nL2N0DX1TO  * U.S. insurer New York Life  NYLIN.UL  is in exclusive negotiations with Yuanta Financial Holdings Co  2885.TW  to sell its Taiwan assets, two sources with close knowledge of the deal told Reuters on Friday, joining other global rivals in exiting the Taiwan market.  ID:nT8N0DQ00F  * Blackstone Group LP  BX.N  is planning to create a hedge fund which will consist of the boldest trades from the third-party hedge funds it invests with, the Financial Times reported.  ID:nL3N0DY05W  For the deals of the day click on  DEALS/  For the Morning News Call-EMEA newsletter click on EMEA/MNC  (Compiled by Richa Naidu in Bangalore; Editing by Subhranshu Sahu) ((richa.naidu@thomsonreuters.com)(within UK +44 20 7542 1810, outside UK +91 80 4135 6102)(Reuters Messaging: richa.naidu.thomsonreuters.com@reuters.net)) Keywords: MARKET CHATTER/