MG Rover says stake not part of talks
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MG Rover&#39;s talks with Shanghai Automotive Industry (SAIC) over a cooperation agreement do not include the Chinese carmaker buying or taking
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WMC, the Australian mining firm, turns down a $5.5bn bid from Swiss company Xstrata but says it is willing to hold talks on a deal.
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Food retailer Sainsbury has refused to comment on a media report that corporate financier George Magan was planning a 5 billion pound takeover of the group.
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Debenhams declines to comment on the news it has held merger talks with German group Acandor.
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Up to Â£50m of government funds set aside to help MG Rover workers has not been used, official figures show.
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SYDNEY: Directors of Australian mining giant WMC Resources Ltd. have rejected a renewed A$7.4b (US$5.7b) takeover offer from British-Swiss Xstrata Plc.
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Australian mining group WMC Resources Ltd has formally rejected a 7.4 billion dollar (5.73 billion US) takeover bid by Swiss-based Xstrata Plc, using an independent report to back its view the offer was neither fair or reasonable.
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Chinese automaker Shanghai Automotive Industry Corp. (SAIC) was set to control a crucial joint venture with Britain&#39;s struggling manufacturer MG Rover, the Longbridge-based company said Saturday.
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French carmaker Renault  on  Monday denied a British media report saying it was interested  in acquiring Ford&#39;s  luxury UK car brands Jaguar and Land  Rover.
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Fiat chairman Luca di Montezemolo has brushed off media reports that the company wants to scrap its partnership with US giant General Motors (GM).
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AFX reports from London that the bank said talks are at an early stage and that it would not issue new equity to fund the potential purchase.
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The country&#39;s biggest casino operator Stanley Leisure says it has tightened its links with shareholder Genting Berhad, but does not expect the Malaysian casino and power group to make a takeover bid.
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Chinese regulators are stalling on approving MG Rover's Â£1bn tie-up with the country's largest car maker, according to newspaper reports.
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Chinese carmaker Shanghai Automotive Industry Corp. (SAIC) has played down reports that it is about to sign a deal for a joint venture with MG Rover, the Times newspaper reports.
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Mobile network giant Vodafone Group declined to comment today on a report that it was backing a bid by US partner Verizon Communications to buy Sprint.
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Swiss mining group Xstrata confirms that it has held merger talks but has not reached any agreements.
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Fiat refrained from exercising an option to sell its car unit to General Motors when it came due on Monday, saying it would wait at least until the end of talks to settle a spat over the put's validity.