Cipla Medpro shareholders approve buyout by India's Cipla

JOHANNESBURG Wed May 15, 2013 4:58am EDT

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JOHANNESBURG May 15 (Reuters) - Cipla Medpro South Africa said on Wednesday its shareholders had approved a $500 million buyout offer from India's Cipla Ltd.

The deal will result in Cipla Medpro being delisted from the Johannesburg exchange in September, it said. (Reporting by David Dolan; Editing by Ed Cropley)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.