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Tuesday, February 28, 2012

Market Talk: Finance Corporate News

The following corporate finance-related story was reported by media on Wednesday: * Japanese chipmaker Elpida Memory Inc, which has filed for bankruptcy protection, will draw up a rehabilitation plan within six weeks as it works to slash debt quickly to appeal to potential turnaround sponsors, the Nikkei said on Wednesday.* BTG Pactual, the Brazilian securities firm owned by billionaire financier Andre Esteves, has mandated Goldman Sachs and JPMorgan to help manage its initial public offering, the Financial Times reported on Wednesday.

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