Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, October 10, 2011

Takeover Chatter - Corporate finance press digest

The following corporate finance-related stories were reported by media: * Russian state-controlled oil giant Rosneft will pay $1 billion for access to Venezuela's Carabobo 2 block and may tie-up with a partner to develop the project, Russian business daily Kommersant reported.* Rio Tinto has told Zimbabwe's government it will give up a 51 percent stake in its local diamond unit Murowa, state media reported on Saturday, making it the first foreign-owned firm to voluntarily comply with the country's local ownership law.