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
Confidencial reported.
* 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.
Continued…
