Pfizer Eyes Allergan Buyout At Up To 380 Per Share
Pfizer is in advanced talks to acquire Allergan for as much as 380 per share valuing the Botox maker at up to 150 billion depending on U S approval and tax inversion rules. An agreement could come as soon as Monday with Treasury scrutiny potentially delaying terms.
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Evercore Isi
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Warner-Lambert Co
FDA approves fast growing genetically modified salmon
The FDA cleared AquAdvantage Salmon engineered by AquaBounty as safe to eat and potentially on shelves in about two years. Critics dub it Frankenfish citing consumer concerns and possible ecological impact. The agency says there are no nutrition differences and labeling is not required unless retailers choose to label.
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Thanksgiving meal costs rise to record highs
The American Farm Bureau Federation reports Thanksgiving dinner costs up 1.4 percent to an average $50.11 for 10 people, with a 16 pound turkey increasing to $23.04. Bird flu depleted millions of turkeys while milk prices drop 14 percent to $3.25, and various sides add modest gains.
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Apple Inc
Titan
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Goldman Sachs raises 1.3 billion for Petershill II fund
Goldman Sachs Group has raised 1.3 billion dollars for its Petershill II hedge fund stake program, beating its 1 billion dollar target. The fund will buy 10 to 20 percent equity stakes in hedge fund firms with assets of 2 to 15 billion dollars. Joseph Stein declined comment.
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Goldman Sachs Group Inc
Petershill
Petershill II
Joseph Stein
Goldman Sachs
London
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