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Portugal Telecom shareholders delay vote on Altice deal
2015-01-13 09:05:00| Telecompaper Headlines
(Telecompaper) The shareholders meeting of Portugal Telecom on 12 January was suspended and rescheduled for 22 January. The decision came after the company's major shareholders, including Novo Banco, Ongoing and Telemar, expressed this request. With the application for suspension, the shareholders aim to get additional information, including legal opinions on the EUR 7.4 billion merger between Oi and Portugal Telecom. The meeting was scheduled to vote on Oi's proposed sale of PT Portugal to Altice. The unions of PT Portugal consider the postponement a "half victory", as it opens the possibility of the merger with Oi to be cancelled, Publico reports. For its part, the Brazilian operator said it supports the decision by shareholders.
Tags: deal
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delay
J&J strikes Alzheimer's deal with AC Immune worth up to $509M
2015-01-13 06:36:02| Biotech - Topix.net
Johnson & Johnson boosted its research efforts in Alzheimer's on Monday by striking a deal potentially worth up to $509 million with unlisted Swiss biotech firm AC Immune to develop so-called anti-tau vaccines. Tau is a protein known for forming tangles inside brain cells and is linked to cell death.
Potash sales consortium Canpotex announced new 3-year deal with Sinofert
2015-01-13 03:30:38| Chemicals - Topix.net
Canpotex Ltd. says it has a new three-year memorandum of understanding with Sinochem Fertilizer Macao Commercial Offshore Ltd. calling for the sale of a minimum of 1.9 million tonnes of red standard grade potash over the term of the agreement. In addition, Sinofert has the option to purchase up to 2.4 million tonnes, or 800,000 metric tons per year, of other grades of potash during the term of the MOU, according to a statement issued Monday by Canpotex, the offshore sales arm of some of Canada's leading potash producers.
Tags: sales
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Carle Mackie law firm led $238 million Sapheon deal
2015-01-12 18:21:41| Industrial Machines - Topix.net
In August 2014, Sapheon Inc., a maker of venous disease treatments formerly based in Santa Rosa , sold to Covidien, a global health care company based in Dublin, Ireland. The price, not disclosed at the time, was $238 million according to Covidien's recent filing with the Securities and Exchange Commission.
J&J strikes Alzheimer's deal with AC Immune worth up to $509M
2015-01-12 15:20:28| Food - Topix.net
Johnson & Johnson boosted its research efforts in Alzheimer's on Monday by striking a deal potentially worth up to $509 million with unlisted Swiss biotech firm AC Immune to develop so-called anti-tau vaccines. Tau is a protein known for forming tangles inside brain cells and is linked to cell death.
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