Royalty Pharma's bid was threatened to be dismissed after the takeover panel released rulings that the US based company could no longer revise the terms on its proposed deal.
Corporations
Economic Miracle in Myanmar Depends On Natural Gas Bounty
Myanmar opens its doors to foreign investors to explore the country's abundance in natural gas.
Stokke AS Looks at Possible Sale
Norwegian furniture maker Stokke AS looks into possible sale of the company. (Photo : REUTERS)Goldman Sachs Group Inc named insurance executive Mark Edward Tucker as an independent director on Monday, expanding its board to a dozen directors, most of whom are independent.
Smithfield Strengthens US Contradictions over Benefits of Chinese Deals
The acquisition of Smithfield Foods Inc. by a Chinese company has raised contradictions in the US over its benefits.
Centrica Talks Acquiring Stake in Cuadrilla
Centrica PLC is in discussion with Cuadrilla Resources to buy a stake in its licenses for the exploration of shale gas fields.
Latest News
Alibaba's much anticipated IPO is rumored to be led by Credit Suisse. According to anonymous sources familiar with the matter, the highly anticipated IPO of Alibaba Group of China would be led by Credit Suisse.
PepsiCo denies a published story from Calcalist, a financial newspaper of plans to acquire SodaStream International.
Volaris, the Mexican budget airlines, is planning to undertake an IPO worth US$100 million. The operator of Mexican budget airline Volaris, Volaris Aviation Holding Co.
Glencore Xstrata is banking on US LNG boom to allow market entry into the tight knot LNG trading market.
S-Pankki Oy acquires Tapiola Bank Oy, expanding its mortgage and insurance products for its customers.
Unilever would operate its food seasonings plant in Yangon, Myanmar by end of the month. The second largest consumer goods company in the world, Unilever, has said it has started to manufacture food seasoning in its plant in Myanmar.
According to its Chairman, Mukesh Ambani, Reliance Industries would expand its business operations in the next three years.
Royalty Pharma extends deadline for Elan to respond to its unsolicited offer. The private equity firm that invests in royalty streams from pharmaceuticals, Royalty Pharma, had extended the deadline for Elan Corp to respond to its US$6.
According to Calcalist financial newspaper, PepsiCo is in discussion to acquire Soda Stream International for US$2 billion.
