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UPDATE 1-Market Chatter - Corporate finance press digest

Source : REUTERS
Last Updated: Mon, Sep 17, 2012 07:00 hrs

Sept 17 (Reuters) - The following corporate finance-related stories were reported by media on Monday.

* Franco-German aerospace and defense group EADS is prepared to offer Germany a veto right and job guarantees in a bid to gain political approval for a merger with Britain's BAE Systems, Financial Times Germany (FTD) said on Sunday, citing industry sources.

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* The U.S. Treasury Department is unwilling to sell the government's stake in General Motors Co because a sale now would mean huge investment losses, the Wall Street Journal reported on Monday, citing people close to the matter. [ID: nL3E8KH1UU]

* The Winklevoss twins, best known for their legal battle against Mark Zuckerberg over the founding of Facebook Inc , have invested in SumZero, a social network company aimed at professional investors, The Wall Street Journal reported.

* Britain's Sports Direct is poised to complete a takeover of struggling rival JJB Sports Plc in a move that could result in half of the latter's stores being closed and thousands of jobs put at risk, the Telegraph reported.

* Activist investment fund Starboard Value LP is expected to disclose on Monday it has taken a 13.3 percent stake in Office Depot Inc, the Wall Street Journal reported, citing people familiar with the matter.




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