UPDATE 1-Market Chatter-Corporate finance press digest

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Aug 20 (Reuters) - The following corporate finance-related stories were reported by media:

* Snapchat Inc, developer of a mobile app that lets users send messages that disappear within seconds, might expand its service to videos, news articles and advertisements, the Wall Street Journal reported on Tuesday.

* Penske Media Corp, the owner of Hollywood trade publications Variety and Deadline, will acquire Women's Wear Daily and other fashion-industry publications from Condé Nast, the Wall Street Journal reported. The sale price is close to $100 million, said a person with knowledge of the deal. (on.wsj.com/1sTkkDE)

* Balfour Beatty Plc is poised to reject a third merger offer from Carillion Plc as hopes for the creation of a 3 billion pound construction "powerhouse" fade, the Times reported. (thetim.es/1rlfOho)

* Singapore's Neptune Orient Lines Ltd is hoping to sell its APL Logistics division for more than $750 million, according to people familiar with the matter.

* Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, a source with direct knowledge of the matter said on Wednesday, as the U.S. banking company struggles to turn around its Japanese operations.

* Bumble Bee Foods has received takeover overtures from canned tuna giant Thai Union Frozen Products PCL and U.S.

"(on.wsj.com/1sTkkDE)* Balfour Beatty Plc is poised to reject a third merger offer from Carillion Plc as hopes for the creation of a 3 billion pound construction "powerhouse" fade, the Times reported"packaged foods company Post Holdings Inc in recent months, according to people familiar with the matter.

* Botox maker Allergan Inc has approached Salix Pharmaceuticals Ltd and at least one other company about a potential takeover in a bid to avert the $53 billion hostile takeover from Valeant Pharmaceuticals International Inc , the Wall Street Journal said.

* U.S. private equity firm KKR has appointed Rothschild to sell the public sector division of its software firm Northgate Information Solutions, two sources familiar with the situation said.

* Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.

* Telecom Italia will hold a board meeting next week to discuss an offer to acquire Vivendi SA's Brazilian broadband unit GVT SA, a source close to the matter said on Tuesday.

* German industrial company Bosch is in talks to buy Red Bend Software, an Israeli maker of mobile phone management software, for $200-$250 million, Israeli media reported on Tuesday.

* Lear Corp, a maker of auto seats and electrical power systems, is nearing a deal to buy Eagle Ottawa LLC, a supplier of premium automotive leather, for more than $800 million, the Wall Street Journal reported, citing sources familiar with the matter.

* Israel Chemicals (ICL) has filed a confidential prospectus with the U.S. Securities and Exchange Commission (SEC) ahead of a planned share offering next month, financial newspaper TheMarker said on Tuesday.

* Iran is to delay the introduction of a 10 percent tax on exports of unprocessed iron ore until March next year, a source with knowledge of the plan said, as the market is struggling and a number of private mines in the Islamic state have been halted.

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