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Treasury secretary seeks to prevent foreign deals like Salix merger
2014-07-18 07:08:42| Biotech - Topix.net
The Obama administration came out in sharp opposition to the kind of business merger that Raleigh's Salix Pharmaceuticals announced on July 8 and Treasury Secretary Jacob Lew urged Congress to pass retroactive legislation that could put the deal in jeopardy.
Tags: deals
prevent
foreign
secretary
Shire, AbbVie to announce $53 billion merger by Friday: sources
2014-07-17 21:54:26| Biotech - Topix.net
Shire Plc and U.S. drugmaker Abbvie Inc plan to announce a $53 billion merger as soon as Friday morning, two people said on Thursday.
Tags: friday
sources
billion
announce
Hutchison Said to Revive Merger Talks With Wind in Italy
2014-07-17 14:15:42| Telecom - Topix.net
Billionaire Li Ka-shing's Hutchison Whampoa Ltd. and VimpelCom Ltd. have revived talks to merge their wireless assets in Italy, according to people familiar with the negotiations.
General Electric Company Earnings: When Will Its Big Merger Stoke Faster Growth?
2014-07-17 01:19:28| Paper - Topix.net
Like fellow Dow component United Technologies and other airlines for its jet-engine business has been high.
Tags: general
company
big
growth
Portugal Telecom agrees smaller stake in Oi merger
2014-07-16 09:31:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom has agreed to a smaller stake in its merger with Brazil's Oi, after Rioforte defaulted on its debt owed to PT. The company confirmed that Rioforte, a company of Espirito Santo Group (GES), failed to pay the EUR 847 million due on 15 July, of the EUR 897 million in short-term debt outstanding at PT. Espirito Santo holds a 10 percent stake in PT, and the Portuguese operator has defended the investment as treasury management. The Rioforte debt is held in subsidiaries contributed to Oi in May, but two representatives of the Brazilian group stepped down from the PT board after the risky nature of the debt came out due to GES financial problems. The two operators have now agreed to a series of options to reapportion the debt across the two groups and revise their new shareholdings, in order to complete the merger as soon as possible. Portugal telecom shareholders will hold just 25.6 percent in the merger company CorpCo, down from as much as 39.6 percent under previous agreements. This could increase later if any of the Rioforte debt is recovered. PT said it plans to take legal action against GES, with the support of Oi.
Tags: portugal
smaller
telecom
agrees
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