Despite Third Point, low expectations for Amgen breakup


- Amgen Inc , one of the world's largest biotechnology companies, will unveil next week its first strategy update since early 2013, but few expect a major shift like the split-up recently proposed by Daniel Loeb's Third Point hedge fund.


HP seeking buyers for corporate-networking business in China: WSJ 24 Oct 2014

- Hewlett-Packard Co has begun sounding out private-equity firms in China to buy its corporate-networking business in the country, the Wall Street Journal reported, citing people familiar with the situation.

South Korea fund to abstain from Samsung merger vote, wants share buybacks 6:39am BST

SEOUL - South Korea's National Pension Service does not support the merger of two Samsung Group units and plans to ask them to buy back its holdings in the pair, an NPS spokeswoman said on Saturday.

Well-timed bullish option bets seen in Digital River weeks before deal 24 Oct 2014

NEW YORK - Well-timed bullish options bets on Digital River Inc were placed about two weeks before the e-commerce services company said on Friday it would be taken private.


P&G to exit Duracell battery business; quarterly sales dip 24 Oct 2014

- Procter & Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands.


Chiquita turns to Brazilian group after Fyffes deal collapses 24 Oct 2014

- Banana producer Chiquita Brands International Inc said it would start takeover talks with Brazil's Grupo Cutrale and Safra Group after its shareholders voted against a proposed merger with Irish rival Fyffes Plc .


Chesapeake Oilfield Services pulls IPO plans 24 Oct 2014

- Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp , said on Friday it would withdraw its plans for an initial public offering.


SodaStream shares rally on test to sell PepsiCo drinks 24 Oct 2014

- Shares of SodaStream International Ltd surged on Friday after the at-home soda machine maker said it would sell some PepsiCo Inc brands in a limited test.


UniCredit in exclusive talks with Prelios-Fortress over bad bank sale: sources 24 Oct 2014

MILAN - UniCredit has entered final phase talks to sell its debt recovery unit and a chunk of bad debt, two sources close to the matter told Reuters on Friday, a move aimed at strengthening its balance sheet and freeing up funds for new lending.

Airports group Aena delays filing of $10 billion share listing 24 Oct 2014

MADRID - State-owned Spanish airport operator Aena has postponed filing the prospectus for its planned $10 billion stock market listing until next week, an official said on Friday, after the Madrid bourse regulator said it needed more information.

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