April 20, 2009

The following corporate finance-related stories involving U.S. and European companies were reported by media on Monday British Chancellor Alistair Darling is set to admit for the first time that the government will not recoup the full cost of its bailout of the banking sector and that the bill could be as much as 60 billion pounds ($89 billion), the Financial Times reported.A potential shakeup of the board of American International Group Inc (AIG.N: Quote, Profile, Research) has precipitated a delay in the filing of the insurer's annual proxy statement, the Wall Street Journal cited a person familiar with the matter as saying.The board of Candover CDI.L is set to meet to discuss bids its has received for the private equity group.

which was put up for sale after suspending the 2.65 billion pound fund it generated in 2008 due to the downturn in the buyout industry, the Financial Times reported. Possible bidders include Coller Capital, which specialises in buying second-hand private equity assets, U.S. buyout fund Blackstone (BX.N: Quote, Profile, Research), secondary investor Paul Capital and Goldman Sachs (GS.N: Quote, Profile, Research), the report said.RTL AUDK.LU, the company behind Britain's Channel Five, is to consider offering a cash dowry to sweeten its bid to merge with Channel 4 and boost its share of an enlarged broadcaster, the Times reported.