Collins Stewart reportedly gets approach from Corsair Capital

U.S. private equity company Corsair Capital has approached British brokerage Collins Stewart Plc about a possible takeover,according to a report in U.K. newspaper The Sunday Telegraph.

Collins Stewart is in talks about a takeover by Japanese securities group Nomura Holdings Inc., sources familiar with the matter previously reported.

On August 12, Collins Stewart said tough markets pushed first-half profit down 82 percent said it expected weak conditions to continue into 2009.

(Reporting by Dan Lalor)