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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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