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Vidrala closes in on EUR400m deal for Encirc - reports
2015-01-12 13:27:00| Daily beverage news and comment - from just-drinks.com
Spanish bottle producer Vidrala is nearing a deal to acquire Encirc, the former Quinn Glass operations in Ireland and the UK, for around EUR400m (US$473.8m), according to reports.
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deal closes
Diageo welcomes nod from United Spirits' shareholders on licensing deal
2015-01-12 12:03:00| Daily beverage news and comment - from just-drinks.com
Diageo has welcomed a vote by shareholders of its United Spirits subsidiary, which will allow the Indian firm to produce and sell its parent company's brands in the country.
Tags: united
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PT AGM chairman says Oi-PT merger deal 'invalid'
2015-01-12 09:11:00| Telecompaper Headlines
(Telecompaper) The chairman of Portugal Telecom's shareholder assembly has proposed the board cancel the 12 January vote to approve the sale of the company's Portuguese assets by merger partner Oi, arguing that the merger has become invalid. In a letter to which Reuters had access, Antonio Menezes Cordeiro said that a new shareholder meeting should then be called with two points on the agenda: to either end the merger with the Brazilian company or approve the sale of assets to telecommunications group Altice. He said the fact that Oi agreed to sell the assets means the merger agreement is no longer valid. Portuguese stock market regulator CMVM suspended the trading of Portugal Telecom SGPS shares on 9 January. The share price has fluctuated significantly in recent days, as a result of uncertainties over the shareholder meeting. The CMVM said it sent an official letter to the PT board of directors, with a copy to the chairman of the shareholders meeting, requesting further information.
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Shire to buy US rival in $5.2bn deal
2015-01-11 21:25:28| BBC News | Business | UK Edition
UK pharmaceutical company Shire has clinched a deal to buy US rival NPS Pharmaceuticals for $5.2bn (3.4bn).
Shire to buy New Jersey-based NPS Pharma is $5.2B deal
2015-01-11 19:19:23| Biotech - Topix.net
Less than two months after announcing its U.S. headquarters will be in Massachusetts, Shire Pharmaceuticals is buying a New Jersey-based maker of gastrointestinal drugs, NPS Pharma for $5.2 billion. The purchase price represents a 51 percent premium to the share price of NPS when reports of the pending deal first emerged on Dec. 16, and is 9 percent higher than it's stock as of Friday's close.
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