Mergers & Acquisitions

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Destination Maternity gives up chase for UK's Mothercare

July 25 - U.S. baby product retailer Destination Maternity Corp gave up its pursuit of Britain's Mothercare Plc after having two bid proposals rejected.

CEO of Oi, linchpin of Portugal Telecom deal, faces tougher tests

SAO PAULO, July 25 - For Brazil's struggling Grupo Oi SA, it seems the only stock rising these days is that of its Chief Executive Officer Zeinal Bava.

BRIEF-Destination Maternity says withdraws proposal to combine with Mothercare

* Announces that it does not intend to make an offer for Mothercare Plc and is withdrawing its proposal for a possible combination with Mothercare.

Stocks, Markets 1:06pm EDT

KKR to invest in troubled sand maker Preferred Sands

NEW YORK, July 25 - Private equity firm KKR & Co LP said on Friday its special situations fund would lead an investment of more than $680 million in Preferred Sands, keeping one of North America's largest producers of sand for oil and gas producers in business.

UPDATE 5-BSkyB to pay $9 billion to create Sky Europe

LONDON/PARIS, July 25 - Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.

EU mergers and takeovers (July 25)

BRUSSELS, July 25 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

UPDATE 2-AbbVie profit beats estimates on surging Humira sales

(Adds analyst comment; forecasts for third quarter, full year; Humira trends; updates share price)

UPDATE 1-Murdoch's Fox vows to be 'disciplined' on deals, extend buybacks

NEWYORK/LONDON, July 25 - Rupert Murdoch's Twenty-First Century Fox Inc said on Friday it would only consider deals that are "disciplined" and increase shareholder value, a move analysts said signalled the media company does not want to overpay for takeover target Time Warner .

CORRECTED-UPDATE 2-Kazakhstan state energy company steps closer to London flotation

(Corrects name of NC KMG CEO to Sauat Mynbayev in paragraph 8)

IPOs, Stocks, Markets 9:46am EDT
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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