AXA SA pulls out of deal
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AXA Asia Pacific&#39;s French parent claims it will walk away from its takeover offer with no hard feelings. Paris-based AXA SA yesterday withdrew its $4.
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Dutch financial group SNS Reaal  said on Monday it will acquire the Dutch insurance operations of France's AXA  for 1.75 billion euros ($2.35 billion), which will be partly funded by an equity issue.
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Shares in insurance company AXA Asia Pacific have tumbled after a takeover offer from its French parent company was rejected by the Australian directors.
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The $8 billion buyout of audio-equipment maker Harman International Industries collapsed yesterday, the first major private-equity deal to unravel since the current credit turmoil began and a sobering sign for other big takeovers in the works.
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Cape Town - An Indian pharmaceutical company has withdrawn 10 of its generic Aids drugs citing flaws in the research, the Science and Development Network reports.
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The company has decided to leave the public markets.
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General Electric pulls out of an $8bn deal to buy the diagnostics arm of medical firm Abbott Laboratories.
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SYDNEY/ MELBOURNE  - Private equity giants Kohlberg Kravis Roberts  and CVC  pulled out of a consortium eyeing Australia's Coles Group Ltd. , but the bid group said it was still in the race for the retailer.
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New Delhi, Nov 19 (UNI) Following in the footsteps of Ranbaxy and Cipla, Hetero Drugs today became the third Indian pharmaceutical company to voluntarily withdraw its antiretroviral drugs from the WHO&#39;s list of approved essential medicines.
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The $2.3 billion arthritis drug is withdrawn from the market.
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The company's sales fall, pulling down its stock price.
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France Telecom's  Orange  unit has pulled out of the bidding for the UK Internet  connection business of Time Warner Inc.'s  AOL, an  industry source close to the matter said on Thursday.
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Pharmaceutical giant Ranbaxy Laboratories is withdrawing all its generic versions of HIV drugs from the World Health Organisation, WHO, list of approved HIV medicines.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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Axa Asia Pacific was the hardest hit, falling 35c - or 8.5 per cent â-o $3.75 after rejecting a bid by French parent Axa SA, which had offered $4.
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Global private equity group CVC   has pulled out of a consortium eyeing a bid for Australia&#39;s  Coles Group Ltd.  after going through the retailers&#39;  books, the buyout group said Monday.
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Shares in the French insurer Axa gained in afternoon trade here on a Financial Times report that Axa is in talks to acquire Credit Suisse Group's Winterthur unit.