Takeover Chatter - Corporate finance press digest

The following corporate finance-related stories were reported by media on Tuesday: * HNA Group, the parent of China's fourth-largest airline Hainan Airlines Co Ltd , is bidding for Hochtief AG's airports business, which it values at more than 1 billion euros ($1.42 billion), the Wall Street Journal reported. * Valeant Pharmaceuticals , a Canadian drugmaker on the acquisition trail, has approached Medicis Pharmaceutical about a possible takeover, the Wall Street Journal reported, citing people familiar with the matter.