Comcast drops Time Warner Cable bid after antitrust pressure


- Comcast Corp abandoned its $45 billion offer for Time Warner Cable Inc on Friday after U.S. regulators raised concerns that the deal would give Comcast an unfair advantage in the cable TV and Internet-based services market. | Video


Pop Milano sits pretty as Italy cooperative banks brace for M&A 1:19pm BST

MILAN - At least five investment banks are vying to win a mandate from Banca Popolare di Milano (BPM) and find it a partner as Italian cooperative lenders gear up for a wave of mergers following a landmark reform of the sector.


Sika's family owner seeks to overturn AGM decisions about takeover 7:57pm BST

ZURICH - The Swiss family that controls chemicals business Sika said it is seeking to overturn several decisions made at a recent investor meeting over a 2.75 billion Swiss franc ($2.88 billion) takeover by French rival Saint-Gobain .


Drug overlaps, shortages may complicate Teva bid for Mylan 24 Apr 2015

NEW YORK - Teva Pharmaceutical Industries' bid for Mylan NV would create a company controlling nearly 25 percent of the U.S. generics market, including drugs in short supply, according to industry experts and a Reuters review of regulatory filings.


Canon says owns 84 percent of Axis, won't raise offer 24 Apr 2015

TOKYO - Canon Inc said on Friday it owned 84 percent of the shares in Swedish video-surveillance firm Axis AB , and said it was extending the period for other shareholders to accept but would not raise its offer price of 340 Swedish crowns per share.


India's Ratan Tata buys stake in Chinese phone maker Xiaomi 11:49am BST

MUMBAI - Ratan Tata, chairman emeritus of the holding company of India's Tata conglomerate, has acquired a stake in Xiaomi Technology [XTC.UL], a deal that is likely to bolster the Chinese phone maker's presence in the world's third-largest smartphone market.

Generic drugmaker Mylan goes hostile in bid for Perrigo 24 Apr 2015

- Generic drugmaker Mylan NV said on Friday it would take its $31 billion offer for Perrigo Co Plc directly to shareholders, in what is set to be one of the most high-profile hostile takeover attempts of the year.

GE buyout-lending unit draws interest from SunTrust, Apollo, Ares: Bloomberg 24 Apr 2015

- SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter.

Scholastic to sell EdTech business to Houghton Mifflin 24 Apr 2015

- Scholastic Corp said it would sell its educational technology and services business to publisher Houghton Mifflin Harcourt Co for $575 million in cash, as it focuses on its core children's book publishing business.

Exclusive: Data storage company Nutanix to hire banks for IPO - sources 24 Apr 2015

- Nutanix, a maker of server and storage systems, is in talks to hire underwriters for an initial public offering later this year that could value the U.S. company at more than $2.5 billion, including debt, according to people familiar with the matter.