The following corporate finance-related stories were reported by media on Tuesday: * IT outsourcing company CompuCom Systems Inc said Monday it is being bought by private equity firm Thomas H. Lee Partners, and a source close to the matter said the price tag will be $1.1 billion.* Two hedge funds which made millions of pounds shorting UK bank shares during the 2008 financial crisis are in talks to back a 1-billion-pound ($1.53 billion) bid for more than 300 Royal Bank of Scotland Group Plc branches, Sky News reported. ()
The Royal Bank of Scotland Group plc (RBS) is a holding company of a global banking and financial services group. Shares of RBS fell by 2.26% or $-0.19/share to $8.23. In the past year, the shares have traded as low as $6.01 and as high as $11.84. On average, 593346 shares of RBS exchange hands on a given day and today's volume is recorded at 339292.
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