United States

AT&T to acquire DirecTV for $48.5 billion

Telecom giant AT&T has agreed to acquire satellite TV firm DirecTV in a stock-&-cash deal worth around $48.5 billion, or $95 per share.

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Abbott agrees to acquire Latin America’s CFR Pharmaceuticals for $2.9bn

American pharmaceuticals & health care products firm Abbott Laboratories on Friday confirmed that it would acquire Chile-based CFR Pharmaceuticals SA in a $2.9 billion (£1.72 billion) deal.

Abbott will acquire nearly 73 per cent of CFR's publicly traded shares from founder Weinstein family-led holding company, while a tender offer will be issued for buying the remaining shares.

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Pfizer-AstraZeneca deal is not inevitable: Pascal Soriot

Pfizer's takeover bid for AstraZeneca is not inevitable and the Anglo-Swedish pharmaceutical giant can create value for its shareholder on its own, according to AstraZeneca CEO Pascal Soriot's claims.

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FCA reprimands credit firms for producing misleading ads

The Financial Conduct Authority (FCA) on Friday reprimanded consumer credit providers for using irresponsible adverts that lack key information and mislead consumers.

The FCA, which took over responsibility for the financial sector in April, stressed that adverts must be clear, fair and not ambiguous/misleading for consumers.

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Pfizer promises to keep British research jobs in the country

Pfizer Inc.'s chief executive Ian Read on Tuesday acknowledged that a potential takeover of AstraZeneca would lead to job losses, but it assured that the company's British research jobs would be kept in the country.

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