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Tag: merger
Exclusive: Actavis plans new merger approach for Allergan - sources
2014-10-08 07:34:18| Biotech - Topix.net
Actavis, which held informal conversations with Allergan in recent months about a possible combination, would like to take a hard look at buying the company and could reach out to its management team as soon as this week to reiterate its interest, one of the sources said. There has been no formal engagement between the two companies yet, the sources said, asking not to be named because the matter is not public.
Tags: plans
approach
sources
exclusive
Bava quits as Oi, Portugal Telecom merger falters
2014-10-08 02:00:00| Total Telecom industry news
Resignation lends credence to reports that merger agreement will be unwound; Oi CFO Bayard Gontijo steps up as interim CEO.
Tags: portugal
telecom
merger
quits
American Cuts Charlotte's International Flights Due to USAir Merger
2014-10-07 19:54:30| Airlines - Topix.net
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Tags: international
due
american
flights
Comcast to drop Detroit if FCC approves Time Warner merger
2014-10-07 08:33:00| Telecompaper Headlines
(Telecompaper) Comcast has revealed it will pull out of Detroit and other midwestern and southern US communities if the Federal Communications Commission (FCC) green lights its USD 45.2 billion acquisition of number two cable operator Time Warner Cable. In a reply to groups objecting to the proposed merger, Comcast said it would withdraw from some markets, to become what it described as "an urban clustered cable company", above all gaining New York and Los Angeles. In total, the transaction would expand Comcast's video customer base by 7 million. By giving up markets such as Detroit, Minneapolis-St. Paul or Cleveland, Comcast would keep its share below the limit of 30 percent of US pay-TV homes that the company has agreed to honour. If the proposed merger gains regulatory approval, cable subscribers formerly under the Comcast umbrella in cities such as Detroit, Minneapolis and elsewhere would be served by a new company, GreatLand Connections, a joint venture with Charter Communication. However, as Bloomberg points out, GreatLand would start with USD 7.8 billion in debt, equal to about five times its earnings before interest, taxes, depreciation and amortization (EBITDA).
Tags: time
drop
detroit
warner
Rio Tinto rejected Glencore merger
2014-10-07 01:59:06| BBC News | Business | UK Edition
The Anglo-Australian mining group Rio Tinto confirms it rejected a takeover bid by rival firm Glencore in July 2014.
Tags: rio
rejected
merger
tinto
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