Start of takeover battle with Carlyle, the US venture capital firm, which has agreed to pay $375m for 85 per cent of Xugong
Media Release
Jun. 13, 2006

Sany Corporation, a heavy machinery manufacturer, said on Monday it hoped to buy Xugong Group Construction Machinery, a bigger rival, to keep the company in Chinese hands.

Start of takeover battle with Carlyle, the US venture capital firm, which has agreed to pay $375m for 85 per cent of Xugong
Media Release
Sany Corporation, a heavy machinery manufacturer, said on Monday it hoped to buy Xugong Group Construction Machinery, a bigger rival, to keep the company in Chinese hands.
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Shareholder anger over US executive compensation practices spilled into the open
Media Release
Shareholder anger over US executive compensation practices spilled into the open on Monday as two big US pension funds sued companies involved
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European equity markets extended their early losses by lunchtime on Monday amid weakness in the technology, insurance and chemicals sectors
Media Release
Ahead of a raft of inflation data from both sides of the Atlantic this week, concerns about the impact of rising interest on economic activity continued to unsettle investors.
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Alliance & Leicester, which is being eyed as a possible bid target by France’s Crédit Agricole,
Media Release
Alliance & Leicester, which is being eyed as a possible bid target by France’s Crédit Agricole, continued to increase its share of the UK mortgage market in the first quarter of the year.
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Arcelor on Sunday night formally rejected a €25.8bn (£17.7bn) bid for the company made last month by Mittal Steel but offered to listen to shareholders
Media Release
It also said it was prepared for directors to meet with Mittal to discuss a possible improved offer.
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The UK financial regulator said on Monday that the London Stock Exchange would not be subject to US rules
Media Release
The UK financial regulator said on Monday that the London Stock Exchange would not be subject to US rules such as the onerous Sarbanes-Oxley legislation should it be taken over by Nasdaq.
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Securities and Exchange Commission steps up probe into stock option awards
Media Release
Equinix, the internet services and networks company, and Applied Micro Circuits also said they had been approached as part of the SEC’s informal inquiries.
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Mirant Corporation, the Atlanta-based electricity producer, on Monday withdrew its $8bn unsolicited approach to take over rival NRG Energy
Media Release
Mirant Corporation, the Atlanta-based electricity producer, on Monday withdrew its $8bn unsolicited approach to take over rival NRG Energy, saying NRG had refused to discuss the offer.
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Lehman Brothers reported a 47 per cent jump in net income
Media Release
Lehman Brothers reported a 47 per cent jump in net income on Monday in its second best quarter ever, but its shares slumped to their lowest level in six months on inflation fears.
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