The following corporate finance-related stories were reported by media: * Nestle is exploring a possible sale of frozen foods business Davigel for about 300 million euros ($405.55 million), three sources familiar with the matter told Reuters, as part of a drive to trim its sprawling portfolio.* Liberty Global and Discovery Communications have made a joint approach to CVC Capital about buying a 49 percent stake in Formula One, the Telegraph reported, without citing sources.
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCA fell by 2.18% or $-1.74/share to $78.04. In the past year, the shares have traded as low as $67.89 and as high as $90.76. On average, 1344560 shares of DISCA exchange hands on a given day and today's volume is recorded at 2041913.
Shares of LBTYA fell by 1.13% or $-0.9/share to $79.03. In the past year, the shares have traded as low as $62.71 and as high as $90.93. On average, 1954960 shares of LBTYA exchange hands on a given day and today's volume is recorded at 2959927.
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