Deals

Comcast drops Time Warner Cable bid after antitrust pressure

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- 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

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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.

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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 .

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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.

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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.

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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.