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Monday, April 7, 2014

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04/7/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
India's Sun Pharma to buy struggling Ranbaxy for $3.2 billion as Daiichi Sankyo retreats
TOKYO/MUMBAI (Reuters) - India's Sun Pharmaceutical Industries Ltd has agreed to buy generic drugmaker Ranbaxy Laboratories Ltd for $3.2 billion, betting it can fix factory quality glitches that plagued the current owner, Japan's Daiichi Sankyo Co , and got Ranbaxy India-made drugs barred from the United States.
Holcim, Lafarge agree to merger to create cement giant
PARIS/ZURICH (Reuters) - Switzerland's Holcim unveiled a deal to buy France's Lafarge on Monday to create the world's biggest cement maker, with $44 billion of annual sales, and spark a raft of asset sales worldwide to steer it through antitrust rules.
Etihad CEO says near finalizing next stage of Air Berlin partnership
ABU DHABI (Reuters) - Etihad Airways' chief executive said on Monday that the airline was close to sealing the next phase of its partnership with Air Berlin and that it was still in due diligence over a possible tie-up with Alitalia.
Bank of Cyprus assesses lower offer from Alfa for Ukraine unit
NICOSIA (Reuters) - Bank of Cyprus said on Monday it is "positively viewing" a revised offer to sell its Ukrainian subsidiary to Alfa Group, although the price is thought to be lower than initially agreed.
Mallinckrodt to buy Questcor Pharma for about $5.6 billion
(Reuters) - Specialty pharmaceuticals company Mallinckrodt Plc agreed to buy drugmaker Questcor Pharmaceuticals Inc for about $5.6 billion to gain access to its multiple sclerosis drug, Acthar Gel.
Norway's $860 billion oil fund needs study before buying new types of assets: minister
OSLO (Reuters) - Norway's $860 billion oil fund, the world's biggest sovereign wealth fund, is not ready to invest in new types of assets and needs a year to study whether to buy infrastructure or unlisted assets, Finance Minister Siv Jensen said on Monday.
Nissan to replace Ford as Champions League soccer sponsor
LONDON (Reuters) - Nissan will replace Ford as a sponsor of Champions League soccer from next season to support its efforts to become the leading Asian carmaker in Europe, the Japanese company said on Monday.
Foxconn eyes buyout firm MBK's Taiwan cable TV unit: source
TAIPEI/HONG KONG (Reuters) - Foxconn Technology Group, Apple Inc's main contract manufacturer, is in talks with Asian private equity firm MBK Partners to buy Taiwanese cable TV company China Network Systems (CNS), a source with knowledge of the matter told Reuters on Monday.
Spain's Ono to renegotiate debt after Vodafone takeover: report
MADRID (Reuters) - Spanish cable group Ono, which agreed to a takeover offer from Vodafone last month, will renegotiate the terms of its large debt pile, the head of the British telecom group's business in Spain said in a newspaper interview.
Wesfarmers to sell insurance broking unit to Arthur J. Gallagher
SYDNEY (Reuters) - Australia's Wesfarmers Ltd has agreed to sell its insurance broking and premium funding businesses to Arthur J. Gallagher & Co for A$1.01 billion ($938.74 million), the company said on Monday.
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