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Thursday, May 26, 2011

Takeover Chatter - Corporate finance press digest

The following corporate finance-related stories were reported on Thursday: * Richard Branson's Virgin Money is planning to make a formal bid in July for 600 branches being sold by Lloyds Banking Group , the Financial Times reported on Thursday. * Australia's Origin Energy is set to raise more than A$1 billion ($1.05 billion) in hybrid securities to fund a liquefied natural gas project in Queensland state without risking its credit rating, the Australian Financial Review said on Thursday. * France Telecom , also known by its brand name Orange, and Vivendi unit Canal+, are rethinking plans for a tie-up in pay TV, La Tribune reported in an advance copy of its Thursday edition.