Mergers & Acquisitions

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CORRECTED-AbbVie CEO Gonzalez loses Shire, but wins praise for gusty move

NEW YORK, Oct 20 - AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker.

PRESS DIGEST- British Business - Oct 21

Oct 21 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Regulatory News 12:48am BST

UPDATE 1-AbbVie says $55 billion acquisition of Shire officially dead

(Adds CEO comment, background, share repurchase, share price)

AbbVie says $55 billion acquisition of Shire officially dead

Oct 20 - U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal.

UPDATE 2-Top Allergan holder Paulson urges deal with Shire -sources

(Adds details on Paulson shareholdings in Allergan and Shire, background)

Regulatory News 20 Oct 2014

European stocks fall, led by tech shares after SAP profit warning

* Nutreco, Adidas, Havas surge on M&A activity (Updates with closing prices)

Chiquita says ISS reverses stance, recommends Fyffes deal

Oct 20 - Chiquita Brands International Inc said proxy advisory firm Institutional Shareholder Services reversed its stance and recommended that the banana producer's shareholders vote in favor of a revised offer from rival Fyffes Plc.

Regulatory News 20 Oct 2014

UPDATE 1-Russian diamond miner Alrosa's Q3 output down 2 pct

MOSCOW, Oct 20 - Russian state-controlled diamond miner Alrosa said on Monday its third-quarter production decreased by 2 percent due to a shift to underground production at a mine in Russia's Far East.

IPOs, 20 Oct 2014

Russian diamond miner Alrosa's Q3 output down 2 pct

MOSCOW, Oct 20 - Russian state-controlled diamond miner Alrosa said on Monday its third-quarter production decreased by 2 percent, year-on-year, because of lower output at a mine in Russia's Far East.

IPOs, 20 Oct 2014

Tech leads European stocks lower after SAP profit warning

* Nutreco, Adidas, Havas surge on M&A activity (Updates prices, adds quote, detail)

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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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