Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.

China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.

Equity investors were seeing fewer options to place their bets on the market as the stock rally had driven up company valuations, said a Bloomberg report.

Vivus Inc. had signed a deal with Auxilium Pharmacauticals Inc to market its Stendra drug in the US market, said a Reuters report.

Today, Biomet Inc announced entering a definitive agreement to buy Lanx Inc. that would be subject to customary closing conditions.

America Movil's plan to acquire Royal KPN encountered price disagreements as KPN's management wanted a higher price for the offer, said sources.

Glencore Xstrata was unlikely to be considered a bidder for OZ Minerals, said a banker familiar with both companies.

A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.

PE firm JC Flowers had expressed its interest in Lloyds' TSB unit according to a Sunday Telegraph report without citing sources.

Twitter announced on Monday through a blog post that it had acquired MoPub without disclosing the financial terms of the deal.