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Deals

P&G to buy German Merck's consumer health unit for $4.2 billion

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Procter & Gamble Co (P&G) has agreed to acquire Merck KGaA's consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure to Latin American and Asian markets.

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Takeda in talks with Shire after $61 billion bid rejected 2:27pm BST

LONDON/NEW YORK Japan's Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.

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As GM mulls options for unit, how does bankruptcy work in South Korea? 8:35am BST

SEOUL General Motors has said its loss-making South Korean operation would file for bankruptcy if its union failed to agree to cut labor costs by Friday, heaping pressure on workers and the South Korean government to approve a rescue plan.

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Qualcomm concessions insufficient to clinch NXP deal: commerce ministry 12:44pm BST

BEIJING U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.

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Cava producer Codorniu rejects Carlyle offer, open to minority partner 12:23pm BST

MADRID Spain's Codorniu, a maker of cava sparkling wine, said on Thursday they had rejected a takeover bid by U.S. fund The Carlyle Group, confirming a report in newspaper La Vanguardia, but added they were open to an approach by a potential minority partner.

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Time Warner CEO says AT&T merger needed to compete with internet titans 2:55am BST

WASHINGTON Time Warner Chief Executive Jeff Bewkes on Wednesday defended his company's planned merger with telecoms firm AT&T as necessary to compete effectively for advertising with internet giants like Google and Facebook.

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Fox chose Disney over Comcast on regulatory, stock fears: filing 7:09am BST

Rupert Murdoch's Twenty-First Century Fox Inc , which agreed in December to sell most of its assets to Walt Disney Co for $52.4 billion, had previously rejected a bid from Comcast Corp over concerns about the regulatory risks and its stock value, a regulatory filing on Wednesday showed.

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Vivendi reviewing possible Universal Music IPO, CEO says 10:40am BST

PARIS French media group Vivendi has started to review the possibility of listing its wholly-owned music division, Chief Executive Officer Arnaud de Puyfontaine said on Thursday.

Luxottica chairman says China may seek 'minor restrictions' to clear Essilor deal 1:11pm BST

MILAN China's competition authorities may ask for minor restrictions before clearing a merger between Italian eyewear group Luxottica and French lens manufacturer Essilor, Luxottica chairman said.

India's Fortis Healthcare to form takeover evaluation panel 1:54pm BST

Indian hospital operator Fortis Healthcare will set up an advisory committee to evaluate takeover proposals, it said on Thursday, as suitors hover around the cash-strapped company.