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Micrel unlikely to see Obrem-led upheaval at 20 May EGM; near-term consolidation also doubtful as company not considered ’must-have’ - sources
A person close to Micrel claimed it has heard nothing but support from its shareholders, but said there have been talks with Obrem. by dealReporter
Imclone’s Erbitux BMS-099 trial not powered to show overall survival, FLEX remains pivotal registrational trial
Imclone’s Erbitux BMS-099 trial was not powered to show overall survival and expectations for conclusive data remain low, said Dr Eric Rowinsky, executive vice president and chief medical officer. by Pharmawire
Enodis: ITW sees easier antitrust than Manitowoc; Manitowoc still considering counter bid
Illinois Tool Works is not expecting significant antitrust issues for its proposed takeover of Enodis, according to an ITW source. by dealReporter
Genentech’s Avastin study should evaluate drug’s effect on overall survival as primary endpoint, physicians say
Genentech’s study of Avastin in patients with colorectal cancer in the adjuvant setting should examine the drug’s effect on a primary endpoint of overall survival, physicians said. by Pharmawire
La Caixa, Caixa Catalunya seen benefiting from possible consolidation of Spanish savings bank market - analysis
The next round of consolidation in the Spanish banking market is likely to come among unlisted regional savings banks, said experts in the sector. by mergermarket
Huntsman/Hexion kick off epoxy divestiture sale in hopes of closing deal by 4 July – sources
Huntsman and Hexion have commenced an auction process for numerous specialty epoxy businesses that need to be divested to facilitate the closing of the proposed merger, it is understood. by dealReporter
Rio Tinto: BHP and China at odds over Chinese antitrust requirements, sources say
BHP, the dual-listed Australian mining company, does not intend to notify Chinese anti-monopoly authorities as part of its antitrust clearance process, according to two sources close to BHP. by dealreporter
Penn National banks go to work on credit agreement this month for deal with little incentive to complete - sources
The banks funding Penn National’s take-private have started working on the finer details of the credit agreement with Fortress and Centerbridge, said one source close to the situation. by dealReporter
Kazakhmys: ENRC had been considering ‘low ball’ informal approach for weeks, may walk away
ENRC had been considering making an approach to Kazakhmys below its share price for at least three weeks. by dealReporter
Post asking for USD 41 or 42 despite recent drop in share price, source says
Asking price is about USD 1 per share more than what sources said bidders Starwood Capital was offering last week. by dealReporter
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