UPDATE 2-Market Chatter — Corporate finance press digest

(Adds Oesterreichische Volksbanken and Merck)

BANGALORE, March 23 (BestGrowthStock) – The following corporate
finance-related stories were reported by media on Tuesday:

* Troubled Austrian bank Oesterreichische Volksbanken
(OTVVp.VI: ) would want at least 1.1 billion euros ($1.49 billion)
for its eastern European unit, Volksbanken International, should
it decide to sell, Die Presse reported on Tuesday.

* German pharmaceutical company Merck KGaA (MRCG.DE: ) expects
to raise funds on the bond market on a regular basis, its chief
financial officer said in a newspaper interview. [ID:nLDE62M0BN]

* Prof-Media, controlled by Russian industrial magnate
Vladamir Potanin, has shelved a planned $1 billion London
listing, the Financial Times said on Tuesday. [ID:nLDE62M006]

* U.S. jeweller Zale Corp (ZLC.N: ), which expected to have
secured funds to steady its finances by late May, is considering
a financing proposal from Sun Capital Partners Inc, the Wall
Street Journal reported. [ID:nSGE62M03Z]

* French biotechnology company Transgene (TRNG.PA: ) is
preparing to raise 150 million euros ($202.7 million) to
transform itself into a drugmaker in the next five years, French
newspaper Les Echos said on Tuesday. [ID:nLDE62M07C]

For deals of the day please double-click on [ID:nSGE62M0CN]

Stock Market Basics

(Compiled by Purwa Naveen Raman in Bangalore)

UPDATE 2-Market Chatter — Corporate finance press digest