Aug 13 (Reuters) - The following corporate finance-related
stories were reported by media on Monday:
* Activist investor Nelson Peltz is set to join the board of
Ingersoll-Rand Plc as he pushes to improve shareholder
returns at the diversified manufacturer, the Wall Street Journal
reported, citing people familiar with the matter.
* Spanish infrastructure firm ACS may sell some of
its property portfolio to raise cash, after a series of costly
refinancing deals to preserve its stakes in Iberdrola SA
and Hochtief AG, online newspaper El
* Microsoft Corp will probably hang on to its stock
in social-network operator Facebook Inc after a ban on
share sales expires next week, Bloomberg said, citing a person
with knowledge of the company's plans.
* As Eastman Kodak Co's patent auction draws to a
close, the bankrupt photography company has only received
low-ball bids for the patents that it believes are worth $2.6
billion, the Wall Street Journal said, citing unnamed sources.
* AMR Corp, the bankrupt parent of American
Airlines, will decide within weeks whether to pursue a merger,
including the "attractive option" of merging with smaller rival
U.S. Airways Group Inc, the Financial Times said.
* Guggenheim Life, the insurance arm of investment firm
Guggenheim Partners LLC, is in pole position to buy some or all
of Aviva USA, valuing the U.S. unit of Britain's No. 2 insurer
at 800 million pounds ($1.26 billion), according to the Sunday
* British budget hotelier Travelodge is expected
to pursue a company voluntary arrangement as it seeks to
rebalance its finances, the Times said.
* Mehmet Dalman, the chairman of Eurasian Natural Resources
Corp Plc, has hired Amre Youness, who worked on the
original flotation of the mining company, to carry out work on
his plans to split the firm in two, the Sunday Telegraph said.
* Finland's national carrier Finnair Oyj, mired
in years of losses, could become a part of a bigger alliance or
entity, Chief Executive Mika Vehvilainen told daily Helsingin
* EQT Partners, the Swedish private equity group, has
clinched a closely fought bidding battle to buy IT process
automation company UC4 from the Carlyle Group LP for 220
million euros ($270.9 million), the Financial Times reported
citing people close to the situation.
* South African financial services provider Sanlam Ltd
is considering a stake of up to 49 percent in Malaysian
insurer Pacific & Orient Bhd's (P&O), The Edge weekly
said quoting unidentified sources.
* DLF Ltd, India's largest real-estate developers,
has sold its 17.5-acre plot at Lower Parel in Mumbai to Lodha
Developers for Rs 2,750 crore, making a profit of over Rs 2,000
crore over seven years, the Economic Times said.