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Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

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Shreen Mohammad sits with other recruits during a military exercise at the Kabul Military Training Center (KMTC) in Kabul March 28, 2012. A landmark NATO summit in Chicago endorsed an exit strategy that calls for handing control of Afghanistan to its own security forces by the middle of next year but left questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after allied troops are gone. Picture taken March 28, 2012. REUTERS/Omar Sobhani (AFGHANISTAN - Tags: POLITICS MILITARY SOCIETY) ATTENTION EDITORS: PICTURE 18 OF 27 FOR PACKAGE 'AFGHAN ARMY RECRUIT'

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Ranbaxy shares up 3 percent on Pfizer may bid report

MUMBAI | Fri Jun 13, 2008 4:06am EDT

MUMBAI (Reuters) - Shares in Ranbaxy Laboratories Ltd rose more than 3 percent early on Friday after a newspaper said Pfizer Inc may bid for the Indian drug maker, countering a $4.6 billion offer by Japan's Daiichi Sankyo Co Ltd.

Ranbaxy shares rose as much as 3.6 percent to 561.75 rupees in Mumbai market that was up 0.2 percent.

Pfizer, the world's largest drug maker, may bid for the about 65 percent of Ranbaxy held by institutions and public shareholders, the Business Standard newspaper reported citing unidentified sources familiar with the development.

(Reporting by Hiral Vora; Editing by Ranjit Gangadharan)
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