The following corporate finance-related stories were reported by media on Thursday: * Japan's Nippon Steel Corp and Sumitomo Metal Industries Ltd are likely to announce the exchange ratio for their October 2012 merger and the name of the new company on Thursday, the Nikkei business daily reported on Thursday. * A Chinese province is planning to merge three city commercial banks under its jurisdiction in order to help ease financing difficulties in the local economy, a Chinese newspaper reported, citing unnamed sources.
Source