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Friday Papers: Lloyds weighing up alternatives to joining govt scheme -- bid news and gossip

by Phil Cozens on Aug 28, 2009 at 06:52

 * Investors reject revised National Express bid as shareholders back management's rights issue plan

 * Lloyds is weighing up several alternatives to joining the government's asset protection scheme, which may include a rights issue or sale of Scottish Widows

 * Independent News & Media close to sle of outdoor business to Heios Investment Partners, for around £85 million -- FT

 * Independent News & Media standstill period with banks extended until September 25; extension will facilitate talks; sufficient funding in place during the period

 * Silence Therapeutics signs a deal with Dainippon Sumitomo Pharma to show it how its technology works

 * Spirax-Sarco completes acquisition of the Maso, Sine business

 * BAE Systems not given Facility of Medium Tactical Vehicles follow-on deal that is set to end in the final quarter of next year

 * Accord looks at vouchers unit spin-off

 * Matrix European receives bid approach

 * Ron Izaki acquires 3.26% stake in ADVFN

 * Lake Shore Gold, 40% owned by Hochschild Mining, in business combination deal with West Timmins Mining, whose shareholders will receive 0.73 Lake Shore shares for every remaining WTM share, valuing the group at C$319 million

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