MUMBAI, Nov 29 (Reuters) - Indian spirits maker Shaw Wallace & Co Ltd SHAW.BO said on Thursday its board had approved merging the company with group firm United Spirits Ltd (UNSP.BO).
Shaw Wallace shareholders would get four United Spirits shares for every 17 shares held in the company, it said in a notice to the stock exchange. (Reporting by Devidutta Tripathy)
WASHINGTON (Reuters) - White House senior advisor David Axelrod predicted on Sunday that Congress would approve a major healthcare overhaul, one day after Democratic senators secured the 60 votes needed for passage.
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