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    Despite months of pushback from the target, Mylan announced on Friday that its shareholders have approved the company's proposed acquisition of Perrigo (PRGO) for $31.2 billion. In Friday's statement, Hertfordshire, U.K.-based Mylan noted that the potential transaction received the approval of two-thirds of the votes cast and received support from over a majority of all ordinary shares outstanding.

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    Drugmaker Baxalta Inc is working with bankers to buy a U.S.-based hematology and oncology specialist valued at about $2 billion, Bloomberg reported, citing people familiar with the matter. The target could not immediately be identified, Bloomberg reported on Friday. Baxalta (BXLT) is also being pursued by drugmaker Shire Plc (SHPG), which has made a $30 billion bid for the company.

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    Drugmaker Baxalta Inc is working with bankers to buy a U.S.-based hematology and oncology specialist valued at about $2 billion, Bloomberg reported, citing people familiar with the matter. The target could not immediately be identified, Bloomberg reported on Friday. Baxalta (BXLT) is also being pursued by drugmaker Shire Plc (SHPG), which has made a $30 billion bid for the company.

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    Shares of Qihoo 360 Technology (QIHU) are higher by 5.44% to $54.08 in early afternoon trading on Friday, despite reports suggesting the investor group offering to acquire Qihoo for $9 billion is looking to cut its bid in the aftermath of China's market troubles. Qihoo 360 (QIHU) is based in China and traded in the U.S. The company operates as an Internet services provider.

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    Apple and others have borrowed to reward their shareholders. Moody's Investors Service took a dim view Friday of a plan by payment processor ADP to borrow money and use it to reward its shareholders. The ratings firm lowered ADP's main credit rating after the company unveiled plans for a $2 billion debt sale and said it would use the proceeds to buy back 25 million shares, adding to the 26 million shares that remain in its current buyback authorization.

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    The following are mergers under. APPROVALS AND WITHDRAWALS. -- U.S. real estate services provider DTZ to acquire U.S. peer Cushman & Wakefield. -- Evo Payments International, Raiffeisen Bank Polska and Czech lender Raiffeisenbank to jointly control two new subsidiaries with merchant acquiring and acquiring processing services transferred from the two banks.

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    Luis Aguilar, a Democrat commissioner on the Securities and Exchange Commission whose term expired in June but whose successor has not yet been appointed, said in a statement on Thursday that the agency needs to enhance transparency and clarity for the waiver process. Waiver requests are typically made when individuals or organizations are subject to SEC oversight and risk automatic disqualification from continuing some business activities after a penalty of some sort.

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    The investor group offering to buy out security software company Qihoo 360 Technology Co (QIHU) is considering cutting its offer after China's stock-market rout lowered valuations, the Wall Street Journal reported, citing a person familiar with the matter. Qihoo 360 (QIHU) said in June it had received a buyout offer from chief executive and some investors for $77.00 in cash per ADS.

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    The largest shareholders at ASB Bancorp (ASBB) are loudly protesting the bank's inefficient management and are insisting that the Asheville, N.C.-based institution explore a sale. The largest single bloc of ASB shares -- 10.5 -- is held by its employees.

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    If Warren Buffett is right that investors should be fearful when others are greedy and greedy when others are fearful, it's time to be greedy -- at least with oil and gas stocks. Last week, oil prices fell to less than $40 per barrel, falling further on Monday with the stock market rout.

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    Ashford Hospitality Prime Inc. (AHP) shares rose 2% in premarket trade, after the company said it is exploring its strategic options, including a possible sale of the company. The real estate investment trust said it has hired Deutsche Bank to act as financial adviser. "We do not believe Ashford Prime's current share price accurately reflects the company's intrinsic value," Chief Executive Monty Bennett said in a statement.

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    Mylan N.V. (MYL) said Friday that its shareholders have approved its proposed $35.6 billion takeover of Perrigo Company PLC (PRGO) and it will launch a formal offer soon. A representative from Perrigo (PRGO) could not immediately be reached for comment. The proposed deal--which has been swiftly opposed by Perrigo (PRGO) at every turn--was approved by more than two- thirds of shareholders at a general meeting.

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    U.S. private equity firm Carlyle is in advanced talks about buying Innovation Group (INVGF) for 40 pence a share in cash, valuing its equity at almost 500 million pounds, the British software company said on Friday. Innovation, which provides software and services to help insurers process claims, said the talks may or may not lead to a deal.

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    Canada's Brookfield Asset Management (BAM) on Friday made its first significant investment in Indian infrastructure, buying six road and three power projects from India's Gammon Infrastructure Projects Limited. A consortium composed of Brookfield and the Core Infrastructure India Fund Pte Ltd are buying the projects, six of which are operational, said Ambit Holdings, which advised Gammon on the deal.